February 19, 2007 Monday Market Memo

Wasilla Real Estate GraphThis report is for the Mat-Su Borough including the Wasilla and Palmer Real Estate areas for the week of February 12 to February 19, 2007.

The statistics are beginning to show our normal spring time rush. 

The graph below is for all the residential realestate on the Multiple Listing Service for the Matanuska Susitna Borough for just this past week.

     Average Price  DOM
 New 51 $271,413   
 Total Active  734 $275,228  129
 Pending  31 $217,986 119
 Closed  23 $275,452  133

In every category, the number of listings are up.  There were more new listings, more pending listings and more closed listings this week.  In addition, there are more listings all together. 

The average price of all the listings on the MLS dropped a little this week which  is a response of the market to the need for more lower priced housing.  The increase in home prices has out-paced the increase in incomes so that it is more difficult for lower income people to purchase a home.

Most of the builders I talk to this year are planning to meet the demand for lower priced homes.  They will build the higher end homes when one is specifically ordered but not on speculation.

Contact me for info on new homes coming on the market.  I search the MLS several times a day to see if any of the new listings meet our clients needs.  The good deals, and the special homes sell very quickly.

My cell phone number is 907.232.7900