What’s happening with West Bellevue’s real estate market?

By
Managing Real Estate Broker with 206 909-7536 AdrianWillanger-broker.com 17900

 

 

 What’s happening with West Bellevue’s real estate market?

 

This Week:

The median list price this week in West Bellevue is $1,950,000 down from  last week’s $1,950,000.  Inventory has been decreasing lately but the  Market Action Index  (MAI see chart below) has been falling also.  With  days-on-market climbing,  ,these are relatively negative implications for the market.

 

Supply and Demand

Home sales continue to outstrip supply and the  Market Action Index has been moving higher for several weeks.  This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues. 

Price

We continue to see prices in  West Bellevue bouncing around this current levels, even though they  bumped up a bit this week.  Look for a persistent up-shift in the Market Action Index before we see prices move 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 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 trailhead.

 

 

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Adrian specializes in green home marketing utilizing traditional and social media marketing to create the widest exposure of your property.

Comments (4)

Robert Bob Gilbert
Berkshire Hathaway HomeServices Anderson Properties - Katy, TX
Your Katy TX ( West of Houston) Real Estate Expert

Hi Adrian, Even though prices are high I would expect higher prices with such a low number of home sin inventory. Take care.. 

Jan 09, 2014 03:31 AM
Debbie Walsh
Shahar Management - Middletown, NY
Hudson Valley NY Real Estate 845.283-3036

I wish I lived in your market!  The median price in my market is between $250,000 and $400,000.

Jan 09, 2014 04:20 AM
Bob Baesmann
DFW Team Realty - Plano, TX
DFW Team Realty | 972-978-8800

Great information on your local market.

 

Thank you for sharing this important information about the Real Estate market in your area!

Jan 09, 2014 10:43 AM
Kwee Huset
Kwee Huset Realty - Venice, FL
Venice Florida Homes For Sale

Hi Adrian, great information and search link make it easy for buyers to find their dream home.

Jan 11, 2014 11:27 AM