Wasilla Real Estate News, Valley Market Real Estate

Supply and Demand in Palmer and Wasilla May 22nd, 2009

Categories: Wasilla Real Estate News

Date	Active	Pending
5/21/2006	761	296
5/20/2007	741	184
5/20/2008	640	201
5/20/2009	656	209

Tim Vereide of Prudential Vista in Wasilla gave me a copy of his statistics comparing active listings to pending listings. He has been keeping track of single family pendings/actives every month for four years.

Pending listings are properties that were for sale and are currently under contract with a buyer. Active listings are properties still on the market and looking for a buyer. Looking at the amount of pending listings compared to the amount of active listings gives one a snapshot look at the current market demand.

This is not easy data to find.. It has to be recorded by someone at the time and kept for future comparison. Thankfully, Tim has been doing that and this month marks the fourth year.

Although Tim gave me 37 months worth of data, the chart shows just four months. The month of May for each year since 2006.

This data is for the borough map areas of PA, WA, HO, and OC. To view these map areas go to the Mat-Su Borough Website. You may have to download a special viewer to view the maps. The map areas for Tim’s statistics are the core area of the borough where more than 80% of the population lives.

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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.) and the Valley Board of Real Estate. AK MLS, Inc. and Valley Board of Real Estate do not guarantee nor are they in any way responsible for its accuracy. Data maintained by AK MLS, Inc. and Valley Board of Real Estate are for their own use and may not reflect all real estate activity in the market.

Written by Marty Van Diest Please leave a comment.