Monday Market Memo for July 7-14, 2008
Wasilla Real Estate presents the weekly statistics for residential real estate sales for Wasilla, Palmer, and the rest of the Matanuska-Susitna Borough.
It was a pretty steady week this week, pendings at 30 and closings at 23 is about average. It doesn’t appear that we are setting any records. Usually August is a more active month than July, so we will have to wait and see.
The average price of closings this week is high. Four homes over $400,000 closed this week which probably is a record for the year, so I could be wrong in my in assessment of the week. Many of the higher priced homes are now appearing to be a good value for people who shop in Anchorage.
Speaking of a good value…here is one. The sellers want this house sold so they have lowered it to $309,900 which is much lower than it’s real value. I expect it to sell this week. I am holding an open house there Tuesday, (7/15/2008), evening. The public is welcome to come between 5–7:30 PM.