Monday Morning Market Memo 5-28-07

Here are the statistics for the week for Wasilla, Palmer and the rest of the Mat-Su Borough.  It’s interesting how close they are to last weeks statistics.

The inventory continues to grow slowly.  The amount of pendings for this week and last is encouraging.  It shows that there are still a healthy amount of buyers for the area.

The increased inventory gives the buyer a lot of choice.  I showed an out of town buyer about 30 houses in two days all between the $220,000–$250,000 and they were all only a few years old.  By the time he settled on one, he was fairly happy with his choice.

This Week

     Average Price  DOM
 New 60 $285,559  
 Total Active 808 $308,012  101
 Pending  40 $230,025 74
 Closed  21 $221,241  102

  

Last Week

     Average Price  DOM
 New 55 $271,871  
 Total Active 791 $307,468  101
 Pending  45 $238,385 56
 Closed  21 $230,748  98

The following bar graphs from the Alaska MLS show an interesting difference in sales prices between Palmer and Wasilla.  They show that the Palmer sales prices are up for the year while the Wasilla prices are down slightly.  Click on the charts to expand.

Palmer
Palmerpricestats
Wasilla
Wasillapricestats

 

“This representation is based in whole or in part on data supplied by, and to, the subscribers of Alaska Multiple Listing Service, Inc. (AK MLS, Inc.). AK MLS, Inc. does not guarantee nor is it in any way responsible for its accuracy. Data maintained by AK MLS, Inc. is for its own use and may not reflect all real estate activity in the market. “