Wasilla and Palmer Market Trends For The Year To Date | Wasilla Real Estate News, Valley Market Real Estate

Wasilla and Palmer Market Trends For The Year To Date October 30th, 2008

Yesterday I looked at the market trends for the Knik-Goose Bay Road area. You can see that here.

Today I have the numbers for Palmer and Wasilla. The first chart is Wasilla and the second chart is for Palmer. These are based on the specific map areas of Palmer and Wasilla.

You will notice that the Wasilla area has more sales than Palmer. The reason becomes obvious when you look at the maps, there just are more developments in the Wasilla map area. The total sales volume is down about 18% from last year and down about 25% from the high in 2006. However the median sales price is only down about 2% from the high in 2005.

Year	Total Sold	Average Price	Median Price
2003	468	180,862	165,063
2004	477	193,244	175,000
2005	492	220,412	208,500
2006	559	241,604	225,000
2007	520	241,885	224,975
2008	422	238,343	219,950

The chart below is for Palmer. Palmer’s sales volume is done about 27% from the high in 2005. In 2005 and 2006 Hall Quality Homes was building a lot of homes in several developments. That building is still going on but at a slower pace.

Prices are also hanging in there in Palmer with the median price almost unchanged from the high of 2006. That is an interesting statistic that will bear watching as we go through this winter.

Year	Total Sold	Average Price	Median Price
2003	195	155,802	158,600
2004	238	190,567	177,076
2005	257	209,520	197,900
2006	242	221,035	213,500
2007	219	230,208	212,000
2008	186	233,459	213,200

The study of sales and prices show that the Matanuska Valley is weathering the real estate market quite well. There is a lower volume of sales but they haven’t died. The values are certainly holding their own better than the stock market has been doing lately.

Written by Marty Van Diest Please leave a comment.

This entry was posted on Thursday, October 30th, 2008 at 8:31 am and is filed under Market Trends. 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.