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

Wasilla Real Estate-Monday Market Memo May 19th, 2008

Wasilla Real Estate statistics for the week of May 12–19, 2008. These are the numbers for residential single family homes in the whole Mat-Su Borough. Most of the activity is in Palmer and Wasilla but includes the rest of the borough as well.

There isn’t anything new and spectacular for the week. I would say sales are running at about the same as they have for quite a few months. I would expect more closings than we are getting right now.

We are selling about 119 houses a month so we have an inventory of seven months. In 2006 we sold 136 houses a month during this same time period and in 2007 it was 138 homes. So for this month we are down by about 15% in total sales compared to the last 2 years.

		Average Price	DOM
New	49	$237,762	.
Total Active	816	281,318	134
Pending	29	$256,569	89
Closed	25	$226,323	105

Our inventory dropped by 3 this week. It rose by almost 20 last week so its good that we aren’t being flooded with new listings.

I noticed quite a few of the houses from my motivated sellers list in the pending sales for this week, If you would like that list…send me an email.

Written by Marty Van Diest Please leave a comment.

This entry was posted on Monday, May 19th, 2008 at 7:53 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.