Wasilla Real Estate Monday Market Memo for July 14-21, 2008

Wasilla Real Estate statistics for the week of July 14–21, 2008.  These are the numbers for the whole Matanuska-Susitna Borough. 

It looks like we closed some of the spurt of pendings from a few weeks ago because the closed sales are up a little.  Pending sales remain mediocre and total inventory climbed again for the week.


Average Price DOM
New 50 $269,926 .
Total Active 926 282,080 132
Pending 24 $225,429 60
Closed 32 $212,454 63

New construction was still a significant part of the sales.  Of the closed sales 5 were new construction.  Builders are still fairly competitive in this market.  But new construction is not driving the market like it was in 2005.  In 2005 30 percent of the closed sales were new construction. 

Other markets in the country are driven by foreclosures but ours isn’t.  There are foreclosures out there and they made up 3 of the 32 closings for the week. 

I have an automated list of new foreclosure listings.  If you would like to be on that list just send me an email.  You will be notified the day a foreclosure listing hits the market.