Wasilla Real Estate News, Stats From June 7-13, 2010

Wasilla Real Estate News presents the real estate statistics for the week of June 7-13. These are the statistics for residential property in the whole Mat-Su borough.

Well, we went over 900 homes on the market this week. The numbers have been steadily climbing and probably will be continuing to climb during the summer months.

There were 63 new listings that hit the market this week. Twenty four closings looks fairly healthy until you devide that number into the number of listings and realize that even at 24 closings a week, we have more than 9 months of inventory on the market. Still, we are a lot better off than the hurting real estate markets in the lower 48 where they have two years and more of inventory in a lot of places.


Average PriceMedian PriceDOM
New63$281,552$259,000.
Total Active900$285,460$245,000125
Pending32$214,739$210,00088
Closed24$208,515$212,50098

Below are the statistics from the second week in June 2009 for a comparison. Note how everything is so similar, except for the closing data. We have twice the amount of closings for this past week than we had last year. We are still living off the housing stimulus. The properties purchased with the tax rebate needed to go into contract by the end of April and close by the end of June. I have one of those closing this week myself.

 

Average PriceMedian PriceDOM
New63$273,167$234,900.
Total Active916$290,315$239,900133
Pending27$227,133$215,00069
Closed14$217,986$222,50083

Jay and I review the inventory every morning for our current clients. If you would like to be one of our buyers just let us know. We will help you find the property you need.

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.