July: Buyer demand for West Bellevue real estate cooling

     July: Buyer demand for West Bellevue real estate cooling 

This Week: The median list price this week in West Bellevue is $2,138,995 is down from  last week’s $2,213,000.  Inventory and days-on-market are both trending higher recently.  However, the improving Market Action Index  (MAI see chart below) implies some increased demand will temper the negative trends. 

Supply and Demand

The  West Bellevue real estate market has been cooling and prices have recently flattened. Despite the consistent decrease in the Market Action Index (MAI), we’re in a Seller’s Market.  If the MAI begins to climb, prices will likely follow suit.  If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices. 

Price

In the last few weeks we’ve seen prices in  West Bellevue bouncing around this plateau.  Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

Localized real estate market reports are great for getting a “feel” of what that specific market is doing. For a more accurate pricing on residential property a  COMPETITIVE MARKET ANALYSIS (CMA) needs to be done comparing your home with current sales.

The appeal of living in West Bellevue’s Enatai

Living in Enatai is all about the location and amenities one of the hidden gems is the Enatai Beach Park. The small beach park is known and treasured by Enatai residences.  Located on the southern end of Enatai the beach is within walking distance of most homes located in Enatai and is an easy stop off of the I-90 Bike Trail.  The community park offers swimming and a picnic area along with seasonal canoe, kayak rentals, dock and boathouse. View other similar homes for sale in Enatai

Enatai: A trail runs through it

Forget the walking score of 38 Enatai is a very walkable neighborhood, particularly if you enjoy an active outdoor Pacific Northwest lifestyle.  Enatai is perhaps one of best kept secrets in King County.  Enatai residences know and embrace the character, majestic trees and the inter-connectivity of the area.Running through Enatai is 108^th Avenue SE , which runs from Bellevue Way to I-90, the road has been improved to accommodate cyclists and walkers.  Within the Enatai neighborhood 108^th connects neighbors to the local elementary schools, numerous parks including the Enatai Beach Park and access to the I-90 trail-head.