Bellevue is now second to only San Francisco in the median cost of houses and condos. With a median price of $1.37 million, Bellevue has leapfrogged Manhattan. Bellevue’s median cost is almost double that of Seattle.
The tech boom in Bellevue is viewed as the driving force in rising housing costs. Amazon alone is expected to add 25,000 workers in Bellevue over the next three years. What are the long-term implications for Seattle as tech continues to grow quickly in Bellevue?