Wasilla Real Estate News, Monday Market Memo…8/13/2007

With the vote in Wasilla this week of the Valley Board of Realtors to drop the Valley Multiple Listing Service I made the inevitable switch to Alaska MLS for my data this week. 

The statistics seem to fit previous weeks except for the total inventory.  It appears that some Anchorage licensees have listings in remote areas of the Mat-Su that are not on the Valley MLS.  These will be the statistics that I will use from now on.  I need to figure out a way to do average days on market and average price for the total inventory.

     Average Price  DOM
 New 43 $203,592  
 Total Active 998  
 Pending 36 $225,380 59
 Closed  31 $240,785  59

It appears that although the easy loan days are over, people are still buying houses.  We are still receiving offers on houses and even occasionally getting multiple offers.  The buyers need to be a little stronger than they were in previous years because the easy money is gone. 

Several of the offers we received in the past few weeks are cash offers.  Can’t get any stronger than that!