Wasilla Real Estate News, Valley Market Real Estate

Wasilla Real Estate Statistics for June 9-16, 2008 June 16th, 2008

Categories: Monday Market Memo

Here are the residential sales for Palmer, Wasilla, and the rest of the Mat-Su Borough.

Our total inventory passed 900 for the first time this year.  But we did get 38 new pendings.  That is a good number.  Our closings are still on target for 100 sales a month. 

Notice that the average price near $250K for both the closings and the pendings.  That is a good sign that we are selling some of the higher priced homes.  For a long time we were only selling houses at or near the $200,000 price range.

There are some real good new construction houses on the market right now.  A lot of the pendings are custom houses built specifically to the owners specs.

Written by Marty Van Diest Please leave a comment.

Wasilla Real Estate Statistics for June 2 through June 9, 2008 June 9th, 2008

Categories: Monday Market Memo

The real estate activity for Wasilla, Palmer, and the rest of the Mat-Su Borough for the week was very similar to last week. 

For the second week in a row there were more closings than pendings.  We had a record number of new listings for the week.  Eighty nine new listings and only 23 new pendings.  That brought our total inventory up to almost 900.  This is a great market if you are a buyer.

However we are still selling about 100 houses a month.  These houses are the ones that are priced right.  Buyers have about 9 houses to look at for every one that they buy. 

Last week saw several houses over 400K close.   That is good.  For the year so far, there have been 26 closings over $400K…there are 133 on the market.  So there is two and one-half years worth of inventory on the market in that price range.

Compare that to the under $200K market in the Wasilla and Palmer  There have been 173 closings so far and there are 171 on the market.  That is an inventory of about 5 months.  That is the active market and will continue to be the most active market for the rest of the year.

Most of the houses that sell are motivated sellers.  These are people who really want their house to be sold.  They will work with you to structure a deal that works  I’m almost finished with my list for the week if you want to sign up.

Written by Marty Van Diest Please leave a comment.

Wasilla Real Estate Statistics, May 26-June3, 2008 June 2nd, 2008

Categories: Monday Market Memo

For Palmer, Wasilla, Houston, Willow, Talkeetna and the whole Mat-Su Borough, here are the stats for the week.  These are single family residential homes that have pended, closed or been listed this past week.

We ended up with 3 times as many new listings as there were closings this week.  This week for the first time in a long time there were more closings than pendings.  Neither of those are good signs for our market.

With a market like this, sellers need to be serious about selling. I wrote about this in a previous post,  Price it right or don’t bother… this is even more true now than it was then.

If you would like an unbiased market value report of your house…give me a call or drop me a line.  I would be happy to meet with you.  My cell number is 907–232–7900.

Written by Marty Van Diest Please leave a comment.

Wasilla Real Estate Statistics. Week of May 19-26, 2008 May 26th, 2008

Categories: Market Trends, Monday Market Memo

For Palmer, Wasilla, Houston, Willow, Talkeetna and the whole Mat-Su Borough, here are the stats for the week.  These are single family residential homes that have pended, closed or been listed this past week.

Any holiday weekend is usually a little slower for real estate and this one was no exception.  There are fewer pendings and fewer new listings this week, people were camping, fishing, or otherwise relaxing.  Today is Memorial Day, hopefully most people will be remembering and honoring our fallen soldiers today.

I compared the amount of pendings for the last four weeks of this year to last year.  There were 163 last year and 115 this year.  That is about a 30% drop in pending sales.

BUT

Then I compared the same time frame in closed sales.  Last year there were 102 closed sales compared to 113 for this year.  So closed sales are up about 10%.  

That just shows that one month snap shots don’t tell the tale.  We will need to wait until the end of June for a real accurate picture of the year so far…but it does appear that this year is down in total sales compared to the last few years.

This chart shows the first 5 months of every year since 2002.  It is a good overall picture of how things look.

Another piece of information from Freddie Mac, shows an optimistic picture of Alaska compared to the rest of the country.  Click on it to enlarge, you will notice that Alaska appears to be better off than anywhere else in the country.

Written by Marty Van Diest 1 Comment »

Wasilla Real Estate-Monday Market Memo May 19th, 2008

Categories: Monday Market Memo

Wasilla Real Estate statistics for the week of May 12–19, 2008.  These are the numbers for residential single family homes in the whole Mat-Su Borough.  Most of the activity is in Palmer and Wasilla but includes the rest of the borough as well.

There isn’t anything new and spectacular for the week.  I would say sales are running at about the same as they have for quite a few months.  I would expect more closings than we are getting right now. 

We are selling about 119 houses a month so we have an inventory of seven months.  In 2006 we sold 136 houses a month during this same time period and in 2007 it was 138 homes.  So for this month we are down by about 15% in total sales compared to the last 2 years.

Our inventory dropped by 3 this week.  It rose by almost 20 last week so its good that we aren’t being flooded with new listings.  

I noticed quite a few of the houses from my motivated sellers list in the pending sales for this week, If you would like that list…send me an email.

Written by Marty Van Diest Please leave a comment.