Demand cooling for West Bellevue real estate

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

 

 

  Demand cooling for West Bellevue real estate

 

This Week:

The median list price this week in West Bellevue is $1,800,000 down from  last week’s $2,429,990.  Inventory is up and the  Market Action Index  (MAI see chart below) is trending down recently.  While days-on-market appears to be trending lower, the overall conditions are weakening a bit. 

 

Supply and Demand

Market conditions have been consistently cooling in the past several weeks.  Because we’re still in the Seller’s zone, prices have not yet begun to drop.  It may take a few more weeks of slack demand for prices to reflect and begin to fall.  Expect prices to fall if the index persistently falls to the Buyer’s zone.

Price

Real estate prices  in the  West Bellevue slipped again this week.  You can see that prices continue their trend downward.  Watch for a persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding. 

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

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Topic:
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Washington King County Bellevue Enatai
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Market Reports
Tags:
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Rainmaker
3,195,174
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Adrian what a detailed report, how does the past 30 days compare?Endre

Mar 18, 2014 11:37 AM #1
Rainmaker
1,079,379
Sharon Alters
Coldwell Banker Vanguard Realty - 904-673-2308 - Fleming Island, FL
Realtor - Homes for Sale Fleming Island FL

Adrian, you keep your readers up to the minute in the West Bellevue real estate market with these excellent market reports weekly.

Mar 18, 2014 12:30 PM #2
Rainmaker
1,570,074
David Saks
(retired) - Memphis, TN

Fine report. Lots of great information. Have a terrific day ahead,

Mar 18, 2014 10:50 PM #3
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Rainmaker
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Adrian Willanger

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