Monday Market Memo for August 11-17,2009

Wasilla Real Estate news statistics for the week of August 11-17, 2009.

The total inventory dropped for the third straight week. I’m not sure this means much yet, but it might!

We are seeing a small surge in first time home buyers who are trying to close before the November 30 deadline to qualify for the $8,000 tax rebate. A few of those first time buyers have made contracts on 5 star plus houses so that they can get the $7,500 energy rebate as well. It’s almost to late for that now, but I do know of at least one house that will work for that.

 

Average PriceMedian PriceDOM
New43 $249,015 $227,000 .
Total Active961$286,490 $238,900135
Pending21$223,619$199,90095
Closed30$190,434$197,863117</strong

A foreclosure hit the market last week at a real attractive price. By Saturday there were six offers on it. That shows that buyers are out there but they are waiting for the right deal.

I’m going to try to get my deals of the week out on Wednesday or so. Let me know if you want to be on the list to receive it.

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.