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You picked a good time and a bad time to move. The housing market is in the toilet, so you shouldn't have a hard time finding a nice place in your price range. I found a couple dozen with a quick google search. I don't know how you are set financially or credit wise, but if you have the means, banks are auctioning homes throughout that area. They are getting under 100K for homes valued at $300-$400K. That would give you a mortgage around $700/mo and keep you in the black with your property value. So, should things not work out for you here, it would not be difficult to get your money back out of the place in a sale.
Unfortunately, the next 5-10 years will be traffic hell in the Seattle area with all of the over due road projects they have planned.
If you are commuting by public trans, that won't affect you as much. If you will be driving, I would stay on the Bellevue side side of the water. It will make life much easier.
If I were using public transpo, had the means to buy and liked the city. I'd look for high rise condos and penthouses in and around downtown Seattle. There are some smokin' deals to be had. Don't hesitate to ask about renting something you like that is for sale either. Most people who are trying to sell in this market are hurting and while they may not want to rent, most will.
Good luck and Welcome to the Great Northwet. Yes, WET.
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Methods, application and intensity of application vary by the individual. All legal wavers must be signed before 'treatment' begins. Self 'Medicating' is not recommend. However, if necessary, it is best to have an 'assistant' or 'soft landing zone' nearby. Any and all legal issues resulting from improperly applied techniques should be forwarded to: Dewy, Cheatum & Howe, Intercourse, PA 17534. Attn: Anonymous.
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