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All the latest news articles and market trends of the Seattle Real Estate Market. If it is happening in Seattle it is happening on the Stroupe Group.

What are the five most expensive Seattle neighborhoods?

The awesome team at SeattleMet analyzed last year’s sales data from Redfin and put together a list of the most expensive Seattle neighborhoods. Unsurprisingly, all but one are water-adjacent – and located on the eastern part of town, bordering Lake Washington. Below is the list, along with the median sales prices, per the report.

Seattleites love water – whether its South Lake Union, Lake Washington or Elliot Bay, we just love living near it!

Denny-Blaine was Seattle’s most expensive neighborhood in 2020, with the median sales price of $2,390,000. The exclusive enclave, also known as Harrison, is surrounded by Lake Washington to the east, Madrona to the south, Madison Valley to the west as well as Madison Park and Washington Park to the north. The area was first subdivided in the early 1900s by E. Blaine and C. Denny – hence the name. To the outside world Denny-Blaine is perhaps most well known for the tragic death of one of Seattle’s most known residents: Kurt Cobain.

Windermere came in at number two. While the name of this neighborhood is synonymous with a real estate company in the rest of the country, we Seattleites know it best as a beautiful area with stately homes and picturesque views of Lake Washington. The median sales price last year was an impressive $1,717,330.

Madison Park landed in the third place, with a median sales price of $1,599,500. While in the 1900s Madison Park was a destination for those looking to escape the hustle and bustle of the city, today the area is well known for its gorgeous vistas and an innovative restaurant scene.

Laurelhurst, another neighborhood which became part of Seattle at the beginning of last century occupies the fourth place in the ranking, with a median sales price of $1,597,500 – just a couple thousands behind Madison Park. Laurelhurst is another area located on the east side of Seattle, bordering Lake Washington (see a theme here?). Dotted with docks and bordered by University of Washington, Laurelhurst is one of the city’s hidden gems.

Rounding out the top five is Briarcliff – the only area not adjacent to the lake. While spectacular views still abound throughout the neighborhood, one of the biggest selling points of Briarcliff is perhaps the proximity to the famous Discovery Park, located to the south. $1,435,000 was the median sales price in the area in 2020.

Please click here for a more in-depth look at the ranking. Have questions about the broader Seattle market or any of its neighborhoods? We’d love to chat. You can reach us at 206.910.5000 or at contact@stroupe.com

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