Wasilla Real Estate, Monday Market Memo Oct 6-13-2008
Wasilla Real Estate statistics for the week of Oct 6–13, 2006. These statistics include all residential real estate in the Matanuska Susitna Borough. That is a large area, about the size of the state of West Virginia. The vast majority of real estate activity takes place in the core area around Wasilla and Palmer.
|Average Price||Median Price||DOM|
As you can see, closings were down last week but there were more new listings than I expected to see. It actually increased our inventory slightly during a time of year when we expect the total inventory to slowly decline throughout the winter.
Notice the low average and median price for this weeks closed listings. I thought that the low price might be influenced by foreclosed houses. After reviewing all 16 houses I determined that only two were foreclosures. Three of the closed houses were new construction. That shows that we still have a vastly different market than many of the foreclosure influenced markets in the lower 48.