Monday Market Memo for August 11-17,2009 | Wasilla Real Estate News, Valley Market Real Estate

Monday Market Memo for August 11-17,2009 August 18th, 2009

Wasilla Real Estate news statistics for the week of August 11-17, 2009.

The total inventory dropped for the third straight week. I’m not sure this means much yet, but it might!

We are seeing a small surge in first time home buyers who are trying to close before the November 30 deadline to qualify for the $8,000 tax rebate. A few of those first time buyers have made contracts on 5 star plus houses so that they can get the $7,500 energy rebate as well. It’s almost to late for that now, but I do know of at least one house that will work for that.

		Average Price	Median Price	DOM
New	43	$249,015	$227,000	.
Total Active	961	$286,490	$238,900	135
Pending	21	$223,619	$199,900	95
Closed	30	$190,434	$197,863	117</strong

A foreclosure hit the market last week at a real attractive price. By Saturday there were six offers on it. That shows that buyers are out there but they are waiting for the right deal.

I’m going to try to get my deals of the week out on Wednesday or so. Let me know if you want to be on the list to receive it.

Based on information from AK MLS, Inc. for the period but not compiled or published by AK MLS, Inc. Data maintained by AK MLS, Inc. may not reflect all real estate activity in the market.

Written by Marty Van Diest 1 Comment »

This entry was posted on Tuesday, August 18th, 2009 at 4:02 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.

Ralph D Bredahl said at September 2nd, 2009 at 10:04 am
We are Realtors in the Phoenix Arizona and have been hit harder than most areas with foreclosures. It is difficult to find properties that are not lender owned (unless they are short sales which will soon be lender owned in most cases)
However, there is a silver lining in the market. Buyers are returning in large numbers and REO’s are selling in a few days with multiple offers being the norm. I too believe that a new wave of foreclosures is due soon but, at least here, the savvy buyers are ready, willing and able.
It is an exciting time to be a Realtor in the Valley of the Sun.