Wasilla Real Estate News Monday Morning Market Memo 7/9/2007 | Wasilla Real Estate News, Valley Market Real Estate

Wasilla Real Estate News Monday Morning Market Memo 7/9/2007 July 9th, 2007

Here are the statistics for the Matanuska-Susitna Borough for this week. This includes only single family homes. It does not include condos, mobile homes, multi-family homes or land.

		Average Price	DOM
New	40	$247,770
Total Active	855	$306,416	102
Pending	28	$244,918	71
Closed	23	$243,935	86

The inventory grew by only 3 additional listings compared to last week’s Market Memo. That would be encouraging if we didn’t also see a fall off in pending and closed sales.

Our personal business has been booming with about as many pendings and closing as we can handle. I believe we are closing four this week, two last week and four the week before. Those are not all single family sales, but most of them are.

The market has been generally steady all summer with about the same amount of closings and pendings as we go along. Pendings and closings are on the low side this week, but they are not below average.

This house was shown 5 times in one day on July 5th. It has been shown about once a day on average since it was listed. It received two offers last week and is now pending. That is a good illustration of how a well-built house, presented well by the sellers, will attract buyers in this market.

The market is holding steady and houses priced right, and presented right, will sell.

Give me a call if you would like to hear more. 907 232–7900 is my cell.

Written by Marty Van Diest Please leave a comment.

This entry was posted on Monday, July 9th, 2007 at 7:50 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.