Yesterday I looked at the market trends for the Knik-Goose Bay Road area. You can see that here.
Today I have the numbers for Palmer and Wasilla. The first chart is Wasilla and the second chart is for Palmer. These are based on the specific map areas of Palmer and Wasilla.
You will notice that the Wasilla area has more sales than Palmer. The reason becomes obvious when you look at the maps, there just are more developments in the Wasilla map area. The total sales volume is down about 18% from last year and down about 25% from the high in 2006. However the median sales price is only down about 2% from the high in 2005.
| Year | Total Sold | Average Price | Median Price |
| 2003 | 468 | 180,862 | 165,063 |
| 2004 | 477 | 193,244 | 175,000 |
| 2005 | 492 | 220,412 | 208,500 |
| 2006 | 559 | 241,604 | 225,000 |
| 2007 | 520 | 241,885 | 224,975 |
| 2008 | 422 | 238,343 | 219,950 |
The chart below is for Palmer. Palmer’s sales volume is done about 27% from the high in 2005. In 2005 and 2006 Hall Quality Homes was building a lot of homes in several developments. That building is still going on but at a slower pace.
Prices are also hanging in there in Palmer with the median price almost unchanged from the high of 2006. That is an interesting statistic that will bear watching as we go through this winter.
| Year | Total Sold | Average Price | Median Price |
| 2003 | 195 | 155,802 | 158,600 |
| 2004 | 238 | 190,567 | 177,076 |
| 2005 | 257 | 209,520 | 197,900 |
| 2006 | 242 | 221,035 | 213,500 |
| 2007 | 219 | 230,208 | 212,000 |
| 2008 | 186 | 233,459 | 213,200 |
The study of sales and prices show that the Matanuska Valley is weathering the real estate market quite well. There is a lower volume of sales but they haven’t died. The values are certainly holding their own better than the stock market has been doing lately.
