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