Wasilla, Palmer, and Mat-Su Real Estate Market…4/9/2007 | Wasilla Real Estate News, Valley Market Real Estate

Wasilla, Palmer, and Mat-Su Real Estate Market…4/9/2007 April 9th, 2007

The market is continuing its upward trend in sales and inventory. This looks like a normal spring trend in sales. There are more new listings and more pendings than we have seen all spring except for last week. One week does not make a trend, but two weeks at least starts one.

		Average Price	DOM
New	53	$274,953
Total Active	716	$302,336	104
Pending	34	$208,116	84
Closed	21	$222,171	90

I notice that the average price for new listings is still lower than the average price of all the houses on the market. Notice that the average price of houses for sale is almost $100,000 higher than the average price of pending sales.

Houses priced at or under $200,000 are receiving the bulk of the interest primarily because that is where most buyers qualify. Even then, houses have to be priced competitively in order to sell. This past week I showed a buyer 10 houses in Palmer priced between $130,000–$160,000. It was obvious which ones would sell and which were doomed to sit until the price comes down

Written by Marty Van Diest Please leave a comment.

This entry was posted on Monday, April 9th, 2007 at 9:21 am and is filed under Monday Market Memo. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.