Wasilla Real Estate News, Valley Market Real Estate

Wasilla Real Estate Statistics for Sept 1-7,2009 September 8th, 2009

Categories: Monday Market Memo

Palmer, Wasilla and the Mat-Su Borough Residential Real Estate Statistics for the week of Sept 1-7, 2009.

This week only saw 17 new listings. That’s low. If that rate continues our inventory will drop quickly. The pendings and sales were almost identical to last week which means the sales rates are continuing at a pretty healthy pace.

Many people are still looking for homes to close before the first time home buyer stimulus runs out on November 30.

So far, interest rates are hanging in there. House prices are not tanking, in fact, we are seeing multiple offers on some homes. Realistic sellers are receiving offers within reasonable time periods. Buyers are almost always trying real low offers at first but coming up to an offer acceptable to the seller if they are serious about purchasing a home.

However, the fact that the Days on Market, (DOM), number continues to get larger tells us something. It tells us that there are still more sellers than buyers and that sellers need to be realistic when they try to market their home. Buyers are shopping and if your home is not in top condition and priced competitively, it’s going to become a sign post rather than a sale.

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.

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Wasilla Real Estate Statistics for August 25-31, 2009 September 4th, 2009

Categories: Monday Market Memo

I couldn’t help posting this view of Echo Lake taken on my way home tonight. The cranberry leaves are turning red and the moon is full. OK…lets talk about numbers now.

The following table shows the statistics for the last week of August, 2009. Activity is relatively high. People want to get into homes before winter, they also want to lock in the low interest rates, and they want to close before November 30 to get their tax rebate.

The inventory is dropping while people snatch up the good houses with low interest rates. I had a couple buy a house this week because they are leaving for a three year overseas assignment. They are sure that interest rates will not be favorable when they return so they want to lock them in now.

Another client was quoted 5.25% today for a 30 year fixed conventional loan. That is a very good rate. If interest rates go up to 6.25% they will only be able to buy a $180,000 house instead of a $200,000 home. If you don’t think interest rates are going up, read this. It’s only a matter of time.

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.

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

Categories: Monday Market Memo

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.

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.

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Market Memo for August 4-10, 2009 August 11th, 2009

Categories: Monday Market Memo

Wasilla Real Estate News market statistics for the week of August 4-10, 2009.

The amount of new pendings and closings this week is suprisingly high. I would not have predicted 39 pendings for this week. Most Realtors I talk to are pretty busy right now finding homes for people. It seems that the coming winter may be spurring a nesting instinct, or perhaps it is the fact that the first time home buyer incentive of $8,000 runs out soon. If a person isn’t closed on a home by November 30 it’s too lat.

So, for the second week in a row, the total inventory has dropped. We had 61 new listings this week but the inventory still went down.

We pended the home at Kane Drive this week. It was an unusually well done home with triple pane windows, corian counters, and lots of extra care on a view 1.3 acre lot. The builder, Ron Kuzina, is interested in building one over the winter and needs to get the foundation in soon. If you are interested in having him build your home call me now at 232-7900. He is one of the smaller builders that takes personal care into every one of his homes. He doesn’t send a sub out to do the work because most of it is done by himself and his son Ron Jr. I walked through this home in every phase of construction and was impressed by the quality.

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.

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Wasilla Real Estate Market Memo for July 28-Aug 3, 2009 August 7th, 2009

Categories: Monday Market Memo

This the real estate report for Palmer, Wasilla, and Mat-Su Real Estate for the week of July 28-Aug 3, 2009.

This was an end of the month surge in closings. Many people wait until the end of the month to close because the out of pocket costs to the buyer are lower at that time. That is why the last week of the month is almost always higher in closings.

We had a lot of new listings hit the market as well, but with the pendings, closings and expireds the inventory dropped this week. At this rate it looks like we will not top 1,000 this summer after all.

If you are planning to get in on the first time home buyer incentives of an $8,000 tax rebate you will need to jump soon. The deadline is November 30, 2009. That means that you have to close by that time. People that were planning to have a house built to close by that time have just about waited too long. But it’s not too late for one that is already up.

Give me a call or send me a note if you want to find out about houses that qualify for both the $8,000 tax rebate AND the $7,500 energy rebate. We have several buyers in those two programs now. They will receive over $15,000 after closing to put against their mortgages…or to just put in the bank.

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.

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