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Newcastle, WA Real Estate Update: July 2014

July 8, 2014

Newcastle Real Estate Overview: July 2014

Newcastle, Washington has King County's tenth highest average listing price for homes for sale, right behind cities including Bellevue and Kirkland. The city, which was incorporated in 1994, currently has 62 listings, only 12 of which are new homes. New homes comprise 22% of the current residential real estate market. Voted one of CNN Money's most desirable places to live in the country in 2011, the city currently has a fairly balanced market, with 3.6 months of home supply. This is a snapshot of the Newcastle real estate market as of July 8th, 2014. Our Newcastle real estate page is updated on an ongoing basis, so check there for the most up-to-date information.

Newcastle Homes, Condos and Parcels of Land for Sale

Currently there are 50 single family homes, five condos and seven parcels of land for sale in Newcastle. The average listing price for a single family home is around $840k, and the average single family home for sale is 3,424 square feet for an average listing price of $245 per square foot. New homes in Newcastle skew slightly smaller but more expensive, with an average listing price of around $800k and a square footage of 3,030 square feet, or $264 per square foot. 

Active Builders in Newcastle

Some of Western Washington's most active builders are building across four communities in Newcastle, including DR Horton and Toll Brothers Camwest.

-DR Horton (6)

-Toll Brothers Camwest (2)

-Dean Homes (1)

-Conner Homes (1)

-Classic Concepts (1)

Communities in Newcastle 

Communities in Newcastle are slated for the Renton and Issaquah school districts depending on their location in relation to the Coal Creek Parkway. Large communities in Newcastle include China Creek, Laurel Ridge and Olympus at Newcastle.

We're here to help you succeed in real estate, give us a call today.

 

John L Scott - KMS
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