Wasilla and Palmer Monday Market Memo Feb 1-8, 2016

Here is the Mat-Su Market Memo for the week. This is for the whole Mat-Su Valley. The vast majority of real estate transactions takes place in Wasilla and Palmer.

Note that there were 44 new listings this past week and 44 pendings. So at this point we will have to say that the market is still stable. Usually this time of year we start to see the amount of new listings pass up the new contracts. That will likely happen soon.

We also need to keep track of days on the market. This is especially true for the market as a whole. It has remained relatively stable so far this year, but is a number to watch.

 

Number of Listings Median Price DOM
New 44 $306,953
Total Active 580 $312,097 146
Pending 44 $265,600 82
Closed 35 $259,945 72
1320 /Cedar Hills $195,000

1320 /Cedar Hills
$195,000

Take a look at this house. It was built by Carl Wirtenen in 1995. He insulated this on the sides, top and bottom with polyseal sprayed insulation. This house is sealed better than 95% of the houses on the market, and I’ts only $195,000.

If you are looking for a well built home this one is hard to beat.