Business & Tech
Bellevue Second in Ranking of Most Expensive Housing Market in the State
A new study by Coldwell Banker Real Estate ranks Bellevue as one of the pricier communities to buy a home in.
In a new study released today, ranked Bellevue as the second-most expensive housing markets in the state.
The average price of a Bellevue home was second only to Mercer Island on Coldwell Banker Real Estate's comparison of 58 real estate markets in Washington.
Coldwell Banker Real Estate's Home Listing Report compares listing prices from September 2010 to March 2011 for four-bedroom, two-bathroom homes in more than 2,300 North American markets. The survey reviewed 58 real estate markets in Washington, and found Bellevue fell in at number 57, with 1 being the cheapest and 58 being the most expensive.
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The average four-bedroom, two-bathroom house in Bellevue was listed at $678,842. That number put the city at 2,238 among all the U.S. markets in the survey, with 2,300 being the most expensive.
The most expensive city in the survey was Newport Beach, Calif., with an average home listing price of approximately $2.5 million for property listings meeting the subject home criteria. The most affordable U.S. market in the report was Niagara Falls, N.Y., which has an average home listing price of approximately $61,000.
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Spokane was the most affordable markets in the state, with an average four-bedroom, two-bathroom home listing price of approximately $189,551. Mercer Island, at an $1,143,521 average listing for the same type of home, was the state’s most expensive market. The average four-bedroom, two-bathroom home in Washington overall was $364,771, compared to the national average of $293,251,
Here is a complete list of the Washington markets featured in the 2011 Coldwell Banker Home Listing Report:
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