Demand for West Bellevue real estate remains high

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

 

 

  Demand for West Bellevue real estate remains high

 

This Week:

The median list price this week in West Bellevue is $2,248,000 is up from  last week’s $1,899,000.  Demand measured by the  Market Action Index  (MAI see chart below) is increasing and days-on-market is trending downward.  Even as more properties come available, these are positive trends for the market. 

 

Supply and Demand

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory.  However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI.  If the market heats up. prices are likely to resume an upward climb. 

Price

We continue to see prices in West Bellevue hovering around their high point.  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 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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Rainmaker
1,333,294
Michelle Gibson
Hansen Real Estate Group Inc. - Wellington, FL
REALTOR

Adrian - I'm sure the median list price for West Bellevue homes will continue to increase as the market heats up.

Apr 01, 2014 09:39 AM #1
Rainmaker
3,159,765
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Home and Condo Specialists

Adrian, West Bellevue Real Estate had a nice increae last week. What a nice luxury market to work in!

Apr 01, 2014 09:09 PM #2
Rainmaker
694,615
Clint Mckie
Desert Sun Home, commercial Inspections - Carlsbad, NM
Desert Sun Home, Comm. Inspection 1-575-706-5586

Hi Adrian,

Demand is always a good thing when the inventory will support it.

Have a great day in the Seattle areas.

Best, Clint McKie

Apr 01, 2014 10:26 PM #3
Rainmaker
4,066,038
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Adrian, nice to hear positive trends for West Bellevue, and what an average sales price!

Apr 01, 2014 11:17 PM #4
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Rainmaker
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Adrian Willanger

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