Market Memo For July 14-20, 2009

Wasilla and Palmer Real Estate Statistics for the month of July 14-20, 2009. These statistics are for single family homes in the whole Mat-Su Borough.

The total inventory continues to grow. It is already higher than it has been for any of the 111 Market Memos I have done over the last couple years.

 

Average Price Median Price DOM
New 38 $284,687 $229,950 .
Total Active 972 $285,934 $239,000 135
Pending 28 $208,723 $202,000 103
Closed 20 $185,726 $185,500 97

Builders continue to keep busy building 5 star energy rated homes. It is a good option for buyers to combine the $7,500 energy rebate with the lower utility costs and maintenance costs of a new home. First time home buyers are also able to add the $8,000 to the $7,500 so that they have an extra $15,000 to spend or put against their mortgage after they move in.

If you would like more info on how this works just give me a call at 907 232-7900.