Welcome to Valley Market Real Estate’s February 12, 2024 Market Memo. In today’s update, we’ll focus on new construction in Wasilla. We will also provide insights into available properties priced below $500,000. But first, let’s dissect the numbers from the past week.
Market Update
Over the past week, the market has seen limited new listings. Only 25 properties entered the market. That is less than the 30 properties sold during the same time. Furthermore, this imbalance has resulted in a decrease in total inventory, which indicates a high demand for properties in the area.
New Construction Insights in Lake Tahoe
One of the key highlights of this market update is the robust new construction activity in the valley. Currently, 17 completed homes are waiting for buyers, and an additional 36 homes are under construction. This influx of new inventory presents exciting opportunities for prospective buyers seeking modern, move-in-ready homes.
Property Tours
Let us provide you with a glimpse into the new construction market. Our team embarked on a series of property tours to showcase available homes. We offer a firsthand look at the options available in the valley. It is from completed residences to homes in various stages of construction.
Nina Road Residence
With its picturesque surroundings, this property offers stunning views of Piner Peak and the surrounding landscape. Additionally, this home presents an excellent opportunity for those seeking a customizable living space. Cabinet installation is underway, and the home is on its way to completion.
Gold Mint Drive Residence
This property is in a desirable neighborhood. It is a spacious home with a finished interior, complete with granite countertops and ample storage space. This property offers both comfort and style. It has a well-appointed master suite and thoughtfully designed living areas.
Dusk Lake Loop Residence
This residence is on the shores of a serene lake. It is nearing completion, with flooring and cabinets already installed. This lakefront property offers breathtaking views and modern amenities.
South Lark Avenue Residence
Construction is well underway on this property. It showcases the potential of new construction in the valley. This home features a functional layout and contemporary finishes. More than that, it promises a harmonious blend of style and functionality.
Hidden Ranch Loop Residence
Priced below $500,000, this newly completed home offers a move-in ready option for buyers. It is a combination of convenience and value. This property boasts a master bedroom on the main floor, spacious living areas, and mountain views.
Stay tuned for future market updates and property tours. We will continue to explore the dynamic landscape of the Wasilla/Palmer area real estate market.
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Are you considering buying or selling a home in the Wasilla/Palmer area? We’d love to help you! Contact The Valley Market now, and we’ll reach out to you promptly.
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