Monday Market Memo
Wasilla Real Estate News presents the residential real estate statistics for the week of February 10-17, 2009. These are single family homes in the Matanuska-Susitna Borough.
It is interesting to see that there were only 7 closings this week. Of those, two were new construction and one was a foreclosure. The strength of new construction continues to be surprising. We pended one new construction home this week and have one more on the market.
This 4 bedroom house for $239,900 just got sheetrocked and is a great value.
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The inventory increased by 35 again this week. That is an increase of 70 homes in just two weeks. I expect the inventory to continue to increase until spring.