Wasilla Real Estate News, Monday Market Memo for July 21-27, 2009

Wasilla, Palmer, and Matanuska Valley Real Estate Statistics.

These are the numbers for the week of July 21-27, 2009 and include all residential sales in the Matanuska-Susitna Borough. The vast majority of real estate activity, (about 80%), is in Palmer and Wasilla.

We had only 28 new listings last week which is less than we have seen for the past month or so. Our inventory still went up but only by 4.

 

Average Price Median Price DOM
New 28 $231,824 $213,450 .
Total Active 976 $284,652 $238,000 136
Pending 25 $225,301 $229,000 75
Closed 13 $247,511 $210,245 81

Sales Volume down

Comparing this summer to last summer, (May 1 up to today), we have to say that closings are way down. Actually, I just looked at the statistics and we are down 15% in the amount of closings over last summer and down 33% over 2007.

Price unchanged

Sill, the price remains almost the same over that time period. The median price this year is $210,123 and the median price for 2007 was $213,250. That’s only a 1.5% reduction…which is essentially no change.

Inventory Up

The total amount of houses for sale is up about 8% over last summer which isn’t a huge increase. Still any increase combined with a lower sales volume tends to put pressure on prices. We will know more in a couple months. Stay tuned.

If you would like to know what your house can sell for in todays market, give me a call. 907 232-7900

Based on information from AK MLS, Inc. for the period but not compiled or published by AK MLS, Inc. Data maintained by AK MLS, Inc. may not reflect all real estate activity in the market.