Wasilla Real Estate-Monday Market Memo

Wasilla Real Estate statistics for the week of May 12–19, 2008.  These are the numbers for residential single family homes in the whole Mat-Su Borough.  Most of the activity is in Palmer and Wasilla but includes the rest of the borough as well.

There isn’t anything new and spectacular for the week.  I would say sales are running at about the same as they have for quite a few months.  I would expect more closings than we are getting right now. 

We are selling about 119 houses a month so we have an inventory of seven months.  In 2006 we sold 136 houses a month during this same time period and in 2007 it was 138 homes.  So for this month we are down by about 15% in total sales compared to the last 2 years.

 

Average PriceDOM
New49$237,762.
Total Active816281,318134
Pending29$256,56989
Closed25$226,323105

Our inventory dropped by 3 this week.  It rose by almost 20 last week so its good that we aren’t being flooded with new listings.  

I noticed quite a few of the houses from my motivated sellers list in the pending sales for this week, If you would like that list…send me an email.