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.

 

Average Price Median Price DOM
New 35 $283,094 $250,000 .
Total Active 698 $286,460 $235,000 159
Pending 14 $191,101 $214,450 130
Closed 7 $204,843 $181,000 49

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.