Market Memo for August 4-10, 2009

Wasilla Real Estate News market statistics for the week of August 4-10, 2009.

The amount of new pendings and closings this week is suprisingly high. I would not have predicted 39 pendings for this week. Most Realtors I talk to are pretty busy right now finding homes for people. It seems that the coming winter may be spurring a nesting instinct, or perhaps it is the fact that the first time home buyer incentive of $8,000 runs out soon. If a person isn’t closed on a home by November 30 it’s too lat.

 

Average Price Median Price DOM
New 61 $256,018 $222,600 .
Total Active 966 $285,727 $238,000 134
Pending 39 $231,402 $218,000 82
Closed 23 $196,917 $199,900 73</strong

So, for the second week in a row, the total inventory has dropped. We had 61 new listings this week but the inventory still went down.

We pended the home at Kane Drive this week. It was an unusually well done home with triple pane windows, corian counters, and lots of extra care on a view 1.3 acre lot. The builder, Ron Kuzina, is interested in building one over the winter and needs to get the foundation in soon. If you are interested in having him build your home call me now at 232-7900. He is one of the smaller builders that takes personal care into every one of his homes. He doesn’t send a sub out to do the work because most of it is done by himself and his son Ron Jr. I walked through this home in every phase of construction and was impressed by the quality.

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.