Wasilla Real Estate, Monday Morning Market Memo for 9/1-9/8/2008

Wasilla Real Estate News statistics for the whole Matanuska-Susitna Borough.  These statistics cover everything from Talkeetna-Lake Louise.  But at least 80% of all real estate activity takes place within a 30 mile radius of the Parks/Glenn Highway intersection.

The numbers are all going in a downward trend.  It looks like we may be heading into winter mode.  The numbers in every category are lower.

 

Average PriceMedian PriceDOM
New37$338,590$259,000.
Total Active907$287,455$239,500128
Pending29$194,452$179,90091
Closed24$226,906$237,675106

Notice the big difference between average price and median price for New Listings.  There were two houses this week that hit the market for more than $1.5 million.  Those two houses skewed the average price by almost $80,000.

I wondered a couple weeks ago whether Sarah Palin’s Vice Presidential candidacy would do anything to the our local real estate market.  So far it is helping the hotels and B&Bs as reporters and lawyers come to town. 

The only thing that has happened to me personally is a call from a man in Beverly Hills.  I believe he was hitting the sauce, but basically he said that he has been watching Palin on TV and if that’s the kind of women we have up here…he’s moving up!