Wasilla Real Estate Statistics for June 2 through June 9, 2008
The real estate activity for Wasilla, Palmer, and the rest of the Mat-Su Borough for the week was very similar to last week.
For the second week in a row there were more closings than pendings. We had a record number of new listings for the week. Eighty nine new listings and only 23 new pendings. That brought our total inventory up to almost 900. This is a great market if you are a buyer.
However we are still selling about 100 houses a month. These houses are the ones that are priced right. Buyers have about 9 houses to look at for every one that they buy.
Last week saw several houses over 400K close. That is good. For the year so far, there have been 26 closings over $400K…there are 133 on the market. So there is two and one-half years worth of inventory on the market in that price range.
Compare that to the under $200K market in the Wasilla and Palmer There have been 173 closings so far and there are 171 on the market. That is an inventory of about 5 months. That is the active market and will continue to be the most active market for the rest of the year.
Most of the houses that sell are motivated sellers. These are people who really want their house to be sold. They will work with you to structure a deal that works I’m almost finished with my list for the week if you want to sign up.