Wasilla Real Estate Statistics For Oct 21 through Nov 3, 2008 November 3rd, 2008

Categories: Monday Market Memo

Here are the statistics for this past week for all residential property in the Matanuska-Susitna Borough.  This includes Wasilla, Palmer and all the surrounding areas.

The closings came up last week after two down weeks of only 15 closings each.  The end of a month is usually a higher closing period than mid-month.

Pendings are down drastically this past week however.  My reasoning is that buyers are hesitant to commit just before this major presidential election.  Next week, when the sun comes up like it normally does, some buyers will decide to move forward no matter who is the President of the United States.

 

 Average Price Median Price DOM
New 33 $241,488 $209,000 .
Total Active 808 $290,183 $239,000 140
Pending 12 $221,792 $199,950 69
Closed 15 $219,828 $203,500 128

The total inventory has dropped again and may go below 800 by next week. 

If you would like to get my list of motivated sellers, just drop me a line at [email protected] or call 907 232–7900

Written by Marty Van Diest 1 Comment »

This entry was posted on Monday, November 3rd, 2008 at 3:25 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.

  1. Shawn said at November 9th, 2008 at 8:02 pm

    I’m new to real estate so it’s exciting for me to see what’s going on in other parts of the country. I look forward to reading more posts here.

    http://www.inexpensiveinvestinginflorida.com/

    Thanks

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