Wasilla Real Estate Market Memo for April 19-26, 2010

Wasilla real estate statistics for April 19-26, 2010 This includes Palmer and the rest of the Mat-Su Valley as well.

The real estate market appears to be picking up judging by the the statistics of the last two weeks. Pending sales, new listings, and closed sales are all up. My phone is ringing a lot as well, and judging by conversations with other Realtors, there is a lot more activity valley wide.

Take a look at the table below, notice that DOM is down significantly, it was over 150 days for the total active market not very long ago.


Average Price Median Price DOM
New 77 $233,585 $225,000 .
Total Active 841 $276,271 $239,900 128
Pending 35 $218,894 $199,900 99
Closed 23 $231,058 $199,00 118

Below is the last week in April of 2009 for a comparison, note that we have more new listings, more pending sales, and more closed sales this year than last. We also have more houses on the market for this time of year. I think it is all a result of the tax rebate stimulus which ends in 4 days. Two weeks from now another comparison will be in order.

 

Average Price Median Price DOM
New 53 $309,959 $220,000 .
Total Active 801 $285,315 $239,000 139
Pending 33 $217,354 $209,900 82
Closed 15 $203,593 $190,000 78

I will be putting out the next “DEALS OF THE WEEK”. Just send me a note if you want to receive this list of handpicked deals, foreclosures, short sales and relos. My email is marty@valleymarket.com

This representation is based in whole or in part on data supplied by, and to, the subscribers of Alaska Multiple Listing Service, Inc. (AK MLS, Inc.). AK MLS, Inc. does not guarantee nor is it in any way responsible for its accuracy. Data maintained by AK MLS, Inc. is for its own use and may not reflect all real estate activity in the market.