West Bellevue’s real estate market showing some signs of weakening
This Week: The median list price this week in West Bellevue is $1,988,000 is down from last week’s $1,998,995. Inventory has been decreasing lately but the Market Action Index (MAI see chart below) is falling also. With days-on-market climbing these are relatively negative implications for the market.
Supply and Demand
While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We’re currently in a Seller’s market so prices will likely resume their climb should this trend persist.
Price
We continue to see prices in west Bellevue bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move form 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 108th Avenue SE , which runs from Bellevue Way to I-90, the road has been improved to accommodate cyclists and walkers. Within the Enatai neighborhood 108th connects neighbors to the local elementary schools, numerous parks including the Enatai Beach Park and access to the I-90 trail-head.
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