Wasilla Real Estate, Monday Market Memo for March 17-23, 2009

Here are the statistics for the week of March 17-23, 2009. These are for single family homes in Wasilla, Palmer and the surrounding area including the whole Matanuska-Susitna Borough.

The total inventory continues to increase as it should through spring. And this is spring, at least officially if not temperature wise. We have more light than anyone south of us as of this week. That’s a nice thought. Not so nice is the prospect of Redoubt’s ash cloud blocking out the sun. So far it remains north of Wasilla and Palmer although Talkeetna may get some dusting today.

The pending inventory is up for the week but the closed inventory is down, way down. I expect that will also look better as things move into spring.

 

Average Price Median Price DOM
New 29 $238,362 $243,000 .
Total Active 759 $280.510 $238,921 154
Pending 17 $215,806 $208,500 92
Closed 6 $238,950 $251,950 154

I have been doing some reading that makes me think that interest rates may go down a little more, but then they may rise later this summer. If that is true, it would be important to buy now rather than later. I’ll try to post the info later today or tomorrow about this. This is going to be a busy Monday, not sure if I will get it done today.

If you would like a daily update on the hot new listings that fit your criteria, just drop me a line at marty@valleymarket.com or give me a call. 907 232-7900 is my number.

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.