Monday Market Memo on a Thursday April 30th, 2009

Categories: Monday Market Memo

These are the statistics for Palmer, Wasilla and the rest of the Mat-Su Borough for April 21-27, 2009. I have had some computer problems so this memo is late.

Fifty Three new listings and thirty three pendings for the week prove that the real estate market is heating up along with every thing else this spring. I even turned my air condition on for the first time yesterday.

 

 Average Price Median Price DOM
New 53 $309,959 $220,000 .
Total Active 801 $285,315 $239,000 139
Pending 33 $217,354 $209,900 82
Closed 15 $203,593 $190,000 78

Our total inventory passed the 800 mark for the first time this year. It will probably remain in that area until fall.

There was one listing over $2 million that hit the market this week. That tended to skew up the averages but it didn’t change the median range at all.

Note that the closed sales still remain around the $2K mark. That is the bullse ye of the current market.


Give me a call at 232-7900 if you have any specific questions about today’s real estate market.

This representation is based in whole or in part on data supplied by, and to, the subscribers of Alaska Multiple Listing Service, Inc. (AK MLS, Inc.). AK MLS, Inc. does not guarantee nor is it in any way responsible for its accuracy. Data maintained by AK MLS, Inc. is for its own use and may not reflect all real estate activity in the market.

Written by Marty Van Diest Please leave a comment.

This entry was posted on Thursday, April 30th, 2009 at 10:30 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.

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