Monday Market Memo for Oct 13-19, 2009

These are the real estate statistics for the whole Mat-Su Borough for the week. The vast majority of the real estate activity takes place in the core are of Wasilla and Palmer but I include the whole borough in my numbers.

The inventory is shrinking but the rest of the real estate activity remains pretty normal. We are staring winter in the face while we bask in this warm fall. Winter will see a decrease in real estate activity, but it will not die completely. During the winter, there are serious buyers and serious sellers still keeping us Realtors busy.

Average Price Median Price DOM
New 26 $243,442 $237,500 .
Total Active 834 $284,285 $238,000 157
Pending 26 $223,649 $202,885 97
Closed 22 $203,672 $201,250 55

November 30 is the last day to collect the $8,000 tax credit for first time home buyers. If you haven’t closed your house by then, you don’t get it. It may be extended, but I kind of doubt that the government will be willing to pay the huge cost to continue to stimulate first time home buyers.

The Alaska Housing rebate for energy efficient homes continues. Five Star Plus energy rated homes qualify for a $7,500 rebate…you get a check from the state of Alaska after closing. If you are looking for a house that qualifies, I have a list of them, let me know.

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.