Monday Market Memo for March 31-April 6, 2009

Wasilla Real Estate News statistics for the past week. These are the statistics for single family homes in the whole Matanuska-Sustina Borough. Most of the real estate sales occur in the Wasilla and Palmer core areas.

 

Average Price Median Price DOM
New 40 $285,161 $234,450 .
Total Active 771 $279,824 $238,000 147
Pending 19 $267,013 $219,000 82
Closed 16 $218,052 $179,500 88

The real estate activity for the valley continues to increase as we go into spring. The Home show and Spring Showcase of Homes for the Mat-Su Homebuilders was well attended. We had two homes in the show that were built by Pacific North Construction. We had about 300 people a day visit the home on Finger Lake, many people said it was the nicest home they had ever seen in the Valley, Take a look at a few photos here. Or just take a look at the trim on the 12 foot ceilings of the living room below and you can see why.

1500 Landmark

Pacific North’s other home at 3551 Aoki also saw steady traffic.

Also, during he weekend we received an offer on a $359,000 house and on two separate lots. It does appear that people are taking action on the many incentives to purchase in place right now.

I thought I would compare this week to the same week in 2008. The first week of April of 2008 is below. It looks similar to the graph above.

 

Average Price DOM
New 53 $283,230 .
Total Active 756 280,056 142
Pending 30 $216,144 87
Closed 18 221,759 117

Remember if you want to get on the motivated sellers list, or the deals of the week list…just drop me a line to let me know.