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Wasilla Real Estate Market Memo March 16th, 2010

Real Estate Statistics for the week of March 9-15, 2010. These are the statistics for the whole Mat-Su Borough.

The market appears to be about where I would expect it to be, not real strong, but not real weak either. Compare it to last years memo from the same week here. You will notice that we have a lower inventory by just a little and we have almost the same median asking price. We are actually looking better on the total pending and closed for the week.

		Average Price	Median Price	DOM
New	41	$297,708	$267,000	.
Total Active	744	$275,745	$239,650	145
Pending	24	$216,875	$217,450	65
Closed	12	$299,325	$186,950	111

But, that’s a little misleading because its onlly looking at the active market. If you look at the closed market you see that we are a little weaker this year than last.

2009 Closed sales year-to-date show 159 sales at a median price of $201,900.
2010 Closed sales year-to-date show 144 sales at a median price of $195,000.

So, even with the stimulus, things are a little weaker. It’s hard to tell how much effect the tax rebate stimulus package has had, but we will likely know by May. The deadline for taking advantage of the stimulus is April 30. You need to be in contract by that date, and you need to close by June 30. We will see what happens when that day passes.

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 Tuesday, March 16th, 2010 at 8:13 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.