Wasilla Real Estate NewsMonday Market Memo…

Here are the statistics for this past week from the Valley Board of Realtors MLS system.  This is for single family homes in the entire Matanuska Susitna Borough.  So this includes Willow, Houston, Sutton Chickaloon, and Big Lake as well as the core areas that include Wasilla and Palmer.

The inventory continues to climb, but it climbed a little slower this week.  I notice that the higher pending sales are starting to show up in the closed column.  

     Average Price  DOM
 New 64 $256,505  
 Total Active 839 $308,609  99
 Pending  53 $233,941 79
 Closed  34 $219,863  79

Here are the up to date line graphs…click to expand.

The top graph are the total active single family homes.

The bottom graph compares pending, new, and sold sales.

I took a look at land sales this week.  It is obvious that there are less land sales so far this year.  We have been selling some lots in Hart Lake Estates, but not as many as I expected to sell.  I think it’s one of the nicest neighborhoods around. 

An amazing thing when I looked at residential lot sales was that there were only 10 lot closings in the Wasilla Map area in the last 30 days.  That is pretty skinny.  There were 24 sales in the last 2 months.  With 367 lots on the market, that’s a 3 year inventory. 

While land sales are slow, there is still a steady supply of buyers for homes.  I showed more than 30 homes on Saturday and Sunday.  We received two offers on the doll house over the weekend.