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
 New60$285,559 
 Total Active808$308,012 101
 Pending 40$230,02574
 Closed 21$221,241 102

  

Last Week

   Average Price DOM
 New55$271,871 
 Total Active791$307,468 101
 Pending 45$238,38556
 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. “