Monday Morning Market Memo 5-28-07 | Wasilla Real Estate News, Valley Market Real Estate

Monday Morning Market Memo 5-28-07 May 28th, 2007

Here are the statistics for the week for Wasilla, Palmer and the rest of the Mat-Su Borough. It’s interesting how close they are to last weeks statistics.

The inventory continues to grow slowly. The amount of pendings for this week and last is encouraging. It shows that there are still a healthy amount of buyers for the area.

The increased inventory gives the buyer a lot of choice. I showed an out of town buyer about 30 houses in two days all between the $220,000–$250,000 and they were all only a few years old. By the time he settled on one, he was fairly happy with his choice.

This Week

		Average Price	DOM
New	60	$285,559
Total Active	808	$308,012	101
Pending	40	$230,025	74
Closed	21	$221,241	102

Last Week

		Average Price	DOM
New	55	$271,871
Total Active	791	$307,468	101
Pending	45	$238,385	56
Closed	21	$230,748	98

The following bar graphs from the Alaska MLS show an interesting difference in sales prices between Palmer and Wasilla. They show that the Palmer sales prices are up for the year while the Wasilla prices are down slightly. Click on the charts to expand.

Palmer

Wasilla

“This representation is based in whole or in part on data supplied by, and to, the subscribers of Alaska Multiple Listing Service, Inc. (AK MLS, Inc.). AK MLS, Inc. does not guarantee nor is it in any way responsible for its accuracy. Data maintained by AK MLS, Inc. is for its own use and may not reflect all real estate activity in the market. “

Written by Marty Van Diest Please leave a comment.

This entry was posted on Monday, May 28th, 2007 at 8:11 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.