Monday Morning Market Memo or April 14-20, 2009

Wasilla Real Estate News statistics for the week of April 14-20, 2009. These are residential sales in the whole Mat-Su Borough including Wasilla, Palmer, and the rest of the borough.

Activity is definetely picking up. Buyers are making their choices on houses so that they can move in right after school is out. We have had several offers on houses and lots this week. A couple times we almost were in bidding situations.

I met with someone in Vagabond Blues on Friday to write an offer and my phone kept buzzing as it sat on the table. When I was done with the offer I had 17 missed calls. Needless to say, I was returning calls for awhile. Oh…and the offer was accepted as well.

So while the rest of the country may be in a blue real estate mood, things are still moving along a a decent pace today.

 

Average Price Median Price DOM
New 39 $329,079 $229,000 .
Total Active 777 $279,858 $237,500 145
Pending 29 $210,772 $195,000 111
Closed 18 $196,161 $199,000 100

Although the market is fairly active, its important to be realistic about it. Notice the median sales prices. The median prices for sold properties is below $200,000. That is about $20,000 less than it was in 2007 and the difference between 2006 is even greater.

Buyers are generally looking at lower priced homes and if they do shop in the upper price ranges they are expecting concessions.

If you are serious about selling your home it needs to be priced right, and then presented right. Give me a call if you would like to discuss how to get your home sold in this market. My cell number is 907 232-7900.

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.