Wasilla Real Estate Monday Morning Market Memo

Wasilla and Palmer and the Mat-Su Valley Real Estate Statistics.


Here are the real estate statistics
for the week of April 28-May 4, 2009. These are for single-family homes in the whole Matanuska-Susitna Borough.

 

Average Price Median Price DOM
New 48 $247,418 $225,000 .
Total Active 795 $284,470 $239,000 137
Pending 24 $207,800 $202,500 104
Closed 29 $247,224 $205,000 76

Last week I predicted that the total inventory would remain above 800 for the summer. It’s 795 today. That shows how my crystal ball is working.

The market is much more active than it was a couple months ago.

Interest rates, rebates, and a relatively health economy, (so far), in Alaska is keeping houses moving.
It’s about an even market between sellers and buyers. The higher price ranges are more of a buyers market while the lower price ranges still often see multiple offers. I was in a multiple offer situation just last week on a house in the $190K price range.

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.