Wasilla Real Estate News, Valley Market Real Estate

Mat-Su Showcase of Homes April 5th, 2009

Categories: Wasilla Real Estate News

This is the last day to see the Mat-Su Showcase of Homes. Jay and I will be holding two homes open for Pacific North Construction.

One house is just off of the Palmer-Wasilla Highway west of the ATT Sports Center at 1500 N Landmark. This is an absolutely beautiful home. You might just go see it for the experience. There were about 300 people through the home yesterday. This lakefront home has venetian plaster, crown molding like you won’t believe, wall art by Yuriy Somov, and so much more. Just the trim took 4 men 6 weeks to complete working full time. The owner/bulder, Nick Fonov will sell you this home or build you one like it.

Click on the photo at left to see more details on 1500 N Landmark. This home will only be open today April 5, 2009, from 11-4, this is your last chance to view one of the nicest homes in the valley.
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The other house we are showing for Pacific North Construction is at 3551 N Aoki Drive in Wasilla. This home is an amazing value with the 5 star plush energy rating it will not only reward you for years with lower utility costs but AHFC will write you a $7,500 check after closing. If that isn’t enough, the federal government is giving another $8,000 tax rebate to first time home buyers if you buy this year. Combine all that with the historically low interest rates you would be nuts not to seriously look at purchasing a home like this.

Click on the photo to the left to find out more about this house. The price is only $234,900 for an 1850 square foot 4 bedroom, 2 1/2 bath home on one acre in the Colony Schools area. This house is hard to beat.

I just sent out the deals of the week to everyone on the list. If you want to get on the deals of the week list you better sign up by just putting deals of the week into this contact form.

Written by Marty Van Diest Please leave a comment.

Monday Market Memo for March 24-30, 2009 April 1st, 2009

Categories: Monday Market Memo

These are the statistics for Wasilla, Palmer, Talkeetna, Big Lake, Sutton and all the rest of the Mat-Su Borough for this past week. These statistics are only for single family residential homes. That is the heart of our market here in the valley and the Palmer/Wasilla core area is where 90% of the action takes place.

It looks like spring has finally come to real estate with 31 pendings this week. That is a very healthy amount. More closings will inevitibly follow. I wouldn’t expect to see 31 pendings every week but this is a lot more than we have had lately.

The excellent interest rates, (many people are locking in rates as low as 4.5% for 30 year fixed loans), certainly help. The lenders are all real busy refinancing people out of high rates into lower interest rate loans right now.

In addition, the Alaska Housing Energy rebate of $7,500 helps to spur the market. People enjoy not only buying a very efficient house that will save them a lot of money on their utility bills but also cashing the $7,500 check after closing.

		Average Price	Median Price	DOM
New	40	$281,483	$250,000	.
Total Active	764	$280.154	$239,000	147
Pending	31	$227,324	$214,900	125
Closed	11	$180,945	$209,900	128

There are some pretty amazing deals out there right now. Check out our Deals Of The Week, and our Motivated Seller Lists to find out about these deals.

If you are really into statistics you might enjoy the new supply/demand study from AkMLS.

One important thing to note from this study is the ratio of sales price to list price 98.76%. That means that sellers only came down an average of 2.24% off of their asking price. This is important for both buyers and sellers to keep in mind.

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 1 Comment »