Monday Market Memo for July 21-28, 2008 | Wasilla Real Estate News, Valley Market Real Estate

Monday Market Memo for July 21-28, 2008 July 28th, 2008

Here are the statistics for the week of July 21–28, 2008 for Wasilla, Palmer, and the rest of the Matanuska-Susitna Valley.

This was a pretty good week for new pending sales hitting 49 in total. The overall inventory dropped and I wouldn’t be surprised if this becomes a trend as we move into late summer. The 24 closed sales is about average for the year so far.

		Average Price	DOM
New	43	$253,391	.
Total Active	908	282,953	131
Pending	49	$208,500	105
Closed	24	$211.349	71

Of the 49 pendings, 14 of them are new construction and 5 were foreclosures. This is an interesting mix that shows that our real estate market is certainly not dead. Builders are still providing a good product for the money. Buyers have a chance to look at the existing homes including the foreclosures and a healthy percentage of them are choosing to build a new home.

Written by Marty Van Diest Please leave a comment.

This entry was posted on Monday, July 28th, 2008 at 8:43 pm 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.