Monday Market Memo For Feb 17-23, 2009

Wasilla Real Estate News presents the statistics for single family residential homes for the Matanuska-Susitna Borough. These statistics are for the last week and include Wasiia, Palmer, and all the communities from Talkeetna to Sutton.

The vast majority of the properties are in the Wasilla area, for example, 10 of the 15 closed sales for this week label Wasilla as the address.

There are twice as many closed sales this week as last. That is a good sign, but the median price of these sales is only $139,900. That is not good news for the 712 homes on the market with a median price of $237,500. It does indicate where the market activity is strongest however.

 

Average PriceMedian PriceDOM
New39$244,830$248,000.
Total Active712$286,543$237,500157
Pending20$208,490$216,45083
Closed15$161,735$139,900166

The news is not as bad if we look at the year to date. For the first 8 weeks of the year there have been 103 sales for an average of about 13 sales per week. The median price for these 103 sales is an even $200,000. Twenty six of these were new construction homes that had been started in 2008 and finished this years.