September 30, 2008

Least to Most Expensive Equation

Many people – who either don’t live in the Puget Sound area or lack Eastside real estate experience – equate Bellevue as the Northwest’s version of 90210. Certainly, the area has its luxury. It also has unattractive, less than its reputation-worthy areas.

Feeding on this thought some more, I experimented with Redfin’s neighborhood trends tool that launched in August. The most expensive home listing in Bellevue is a $9,249,000 penthouse in the new Bellevue Towers. The least expensive home is a $165,000 single bedroom condo.  Bellevue homes play on both sides of the equation.

Let’s see how nearby cities compare.

Renton
Most expensive: $2,650,000
Least expensive: $2,000 (that’s how it’s listed, but I’m not sure if it’s for real)

Mercer Island
Most expensive: $10,380,000
Least expensive: $225,000

Newcastle (Suburb of Renton)
Most expensive: $5,999,950
Least expensive: $167,000

Issaquah
Most expensive: $12,221,222
Least expensive: $159,999

Note: Data was pulled only from homes with addresses available on Redfin.


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