Real estate prices in West Bellevue higher, but market showing signs of weakening
The median list price this week in West Bellevue is $2,599,800 is up from last week’s $2,399,000. The Market Action Index (MAI see chart below) is trending down lately, while inventory is climbing. These trends imply a weakening market.
Supply and Demand
West Bellevue’s 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 the trend continues.
Prices in West Bellevue hit another all time high this week. You can see that prices continue to march higher. Look for a persistent downtrend in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength finally abating.
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 trail-head.