Wasilla Real Estate, Monday Market Memo | Wasilla Real Estate News, Valley Market Real Estate

Wasilla Real Estate, Monday Market Memo January 15th, 2008

For the week of January 7–14, 2008 here are the real estate statistics for the Matanuska-Susitna Borough. This includes Wasilla, Palmer and surrounding areas.

These statistics are residential house sales, everything from cabins to mansions.

		Average Price	DOM
New	52	$266,102	.
Total Active	676	282,262	161
Pending	25	$240,133	102
Closed	25	$239,536	94

The new listings took a big jump this week. If you read the previous Monday Market Memos you would have expected that. Are total inventory increased by about 25 listings this week. The inventory will likely continue to grow over the next few months.

Pendings and sales came up slightly, I expect that they will hold pretty steady with slight increases over the next few months. In the summer we usually see these running at about 30–40 per week, so this isn’t bad for mid-winter.

An interesting observation is that the average price for the total inventory has dropped about $20,000 over the last year while the average sales price has remained pretty steady. Perhaps that means that sellers are starting to list their homes at more realistic asking prices.

We have been pretty busy this past week, writing offers on 3 properties and listing another 3. This is good action for this time of year. If you would like us to help you find a property or sell the one you have, give a call on the cell. 907 232–7900.

Written by Marty Van Diest Please leave a comment.

This entry was posted on Tuesday, January 15th, 2008 at 7:39 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.