Monday Market Memo for Mat-Su Real Estate Jan 25-Feb 1, 2016

1320 Cedar Hills $198,000, Palmer

1320 /Cedar Hills

7361 Laduc Place $209,000 1,400 sq ft like new

7361 Laduc Place
1,400 sq ft like new

This is the time of year that we expect to see more houses come on the market then are sold. And this week it did happen but only by three. Still, the total inventory is up by about 10 over last week.

That because this graph doesn’t show a few other factors in the market. It doesn’t show how many people cancelled or withdrew their listings and it doesn’t show how many houses came back on the market that were previously under contract. I checked, 8 houses came back on the market this week, I haven’t been following this number but will in the future just to keep track of that. That helps to explain the higher inventory even though there were only 3 more houses listed than sold.

The market is strong for smaller ranch style houses. We currently have two on the market. The one on top is in Palmer, it’s insulated with Poly Seal throughout which makes it extremely efficient, The next one is on a quiet culdesac in Settlers Bay. Check these houses out. They are both very good homes.

Number of Listings Median Price DOM
New 32 $263,711
Total Active 578 $310,526 147
Pending 29 $247,091 70
Closed 29

$286,000 68