Wasilla Real Estate, Monday Market Memo for June 23-29, 2009

Here are the statistics for all single family residential real estate in the Matanuska-Susitna Borough for this week. This includes Wasilla, Palmer, and all the other areas in the borough.

The stats show pretty much what we would expect for mid-summer. Activity is a little bit slower, but houses are still selling. The lower priced homes are obviously in more demand.

 

Average Price Median Price DOM
New 36 $249,542 $222,450 .
Total Active 926 $291,503 $239,950 137
Pending 24 $213,513 $204,450 100
Closed 19 $227,687 $202,000 60

Below is a chart from Tim Vereide of Prudential. Tim has been collecting data on pending sales compared to active listings for a couple years now. His colleage, Karen Allam took the data and put it on a chart. The ratio is the number of pending listings compared to the total number of active listings on the market. Currently the ratio is almost 25% which is near the high of the last few years.

Click on the chart to expand:

June Stats for Wasilla and Palmer Real Estate

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Statistical information was in part taken from the Alaska MLS and the Mat-Su MLS and is deemed reliable but is not guaranteed.