Beaux Arts-Enatai home median list prices continue higher
The median list price in West Bellevue, WA 98004 this week is $1,595,000 up from last weeks $1,590,000. Inventory is up and The Market Action Index (MAI see below chart) has been trending down lately. While days-on-market appears to be trending lower, the overall conditions are weakening a bit.
Supply and Demand
In terms of supply and demand, the market is getting cooler – more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer’s market, this price trend may be a result of improved quality (newer, larger homes) of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.
Price
The market for West Bellevue saw relatively little price change from last week. However, we continue to demonstrate a nice up trend in general over the last several weeks.
New on market in Enatai
Rare Mithun designed contemporary home in Enatai. Views of Mt. Rainier and Lake Washington from every room, vaulted ceilings and clerestory windows allow for a tremendous amount of natural daylighting. Floor to ceiling glass entry creates a nice connection to the outdoors while adding to the interior ambiance. Extremely flexible kitchen with eating/entertaining space opening to covered outdoor living area that has the look and feel of a lodge’s great room. More information
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