Wasilla and Palmer Alaska Real Estate Statistics

Monday Market Memo For Nov 17-23, 2009 for the week of November 17-23, 2009. These include all the communities in the borough but more than 80% of the real estate activity takes place in the core area around Wasilla and Palmer.

This week saw a healthy number of closings for this time of the year. I think many of these closings were in the works because of the first time home buyer deadline that was scheduled for the end of November. That deadline has now been extended to April 30, 2010.

Of these 20 new listings five of them are either foreclosures or short-sales. Foreclosures and Short-sales are part of what makes up my motivated sellers list. You can sign up for the foreclosure and short-sale list here.

Average Price Median Price DOM
New 20 $238,680 $217,250 .
Total Active 756 $276,562 $235,000 164
Pending 13 $242,577 $210,000 148
Closed 26 $255,866 $239,306 102

The days on the market for the total inventory jumped by almost ten days to 164 days. This will probably continue to grow over the winter season.

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.