Wasilla Real Estate News, Monday Market Memo for March 10-16, 2009

Wasilla Real Estate News statistics for the week of March 10-16, 2009. These are the statistics for all single family homes in the Matanuska-Susitna Borough.

Notice that the inventory continues to rise. This is normal for spring, although this week there were three times as many listings coming on the market as were leaving the market. So right now, that means there are three times as many sellers as there are buyers.

Having more sellers than buyers in the spring is not abnormal, but the difference does seem to be higher than normal.

 

Average Price Median Price DOM
New 32 $307,008 $269,450 .
Total Active 750 $281,417 $238,000 153
Pending 11 $228,409 $170,000 73
Closed 10 $225,495 $192,450 126

For the buyers that are looking, there are some great houses out there at attractive prices.

We listed three nice homes this week:

  • Angel Drive for $223,000
  • Wesley Drive for $196,000
  • Kipling Drive for $240,000
  • The nice homes tend to go quickly. Many of the homes coming on the market this spring are definitely priced to sell.

    If you would like to have the new listings sent to you as soon as they come on the market drop me a line at marty@valleymarket.com . Ask for specific criteria and your search will be specific. With this program you will see the listings before they are on www.alaskarealestate.com and they will meet your specific criteria. Just send your name, email and phone number and I will set it up for you.

    You can also get on the foreclosure list where you will see the new foreclosures before they hit the internet.

    This representation is based in whole or in part on data supplied by, and to, the subscribers of Alaska Multiple Listing Service, Inc. (AK MLS, Inc.). AK MLS, Inc. does not guarantee nor is it in any way responsible for its accuracy. Data maintained by AK MLS, Inc. is for its own use and may not reflect all real estate activity in the market.