Mat-su Real Estate Market Statistics for 3/05/07-3/12/07

Things are still cooking along at just about a normal pace. There are a few more new listings this week and that is to be expected as we move into the spring market.  I talked about the market with Larry Ficek at RE/MAX last week and he said the next two months will tell the story for the rest of the year…and of course, he is right.  The spring months tell us what our market will be like.

     Average Price  DOM
 New 54 $290,402  
 Total Active 756 $301,797  108
 Pending  19 $199,207 68
 Closed 22 253,326 110

Continuing a trend that has been with us for awhile is the difference between the average sales price of the homes on the market and the homes that are selling. 

Notice that the average price of the pending sales this week is less than $200,000.  This week was influenced by five pendings from one builder with some great prices.  These were mentioned in last weeks deals of the week.   Jay noticed those prices and after checking them out we wrote four offers on them last week.  The houses should be finished in mid-summer.  Give me a call at 907 232–7900 if you would like to find out more about those new construction homes.

If you like hard numbers, here is a good comparison chart of residential property sales comparing this year to last year.

Wasilla, Palmer, Mat-Su Real Estate StatisticsThere are some interesting things to look at if you like the numbers.  On is the fact that prices are still going up…and another is the days on the market is growing.  The growing days on the market coupled with the fact that units sold are actually increasing is very interesting.  That shows that the supply is increasing faster than the demand, but that both supply and demand are growing….RIGHT?

Sometimes when I look at numbers for a long time my brain starts to fog up.  Comment below if you read these stats differently than I do.