Here is the Palmer and Wasilla Real Estate update for the week of April 25-May 2, 2016.
Here is the memo for this week. Our inventory is slightly rising, but not all that quickly because we had another 25 houses go into pending status this past week. I know a couple of buyers we are helping wanted to see some houses but they pended before we got into them. If this keeps up we are going to have to jump quicker. Note that the sold days on… read more →
Well, I knew I shouldn’t have made a prediction last week. I said the inventory would increase and of course the opposite happened. We had an unusually high number of pendings this week which took a some inventory off the market. There were only 13 closings which is unusually low but this should increase, (notice I said “should” not “will”). There has been a noticable increase in activity this week.… read more →
Take a look at the chart below. Thirty two new listings in just one week. The spring rush has begun. This rush does not translate into new closings and pendings because that depends on buyers. But sellers are making their move. Over the next few months we will see hundreds of new homes come on the market. Competition will increase for sellers, and buyers will have a lot more options… read more →
These are the statistics for Wasilla and Palmer Real estate for the week of January 8-14, 2013. These numbers include the whole Mat-Su Borough but most of the activity is between Wasilla and Palmer. Notice that the total inventory is down. This number will continue to increase as we move into spring. If you want to get in early before the competition, now is the time. Otherwise, the rest of… read more →
The charts below illustrate our typical winter season. Very few sellers put their homes on the market during the holiday season and this usually holds true through January and February. So the total inventory shrinks during this time. Of those 696 listings only 6% are foreclosures. However foreclosures were 13% of the total sales in the last year. That is because foreclosures sell, many of the other listings do not… read more →