These statistics are for all the residential single family homes in the Mat-Su Borough. This includes Palmer, Wasilla, Big Lake, Houston, Talkeetna and all the other communities in the borough. The vast majority of the real estate activity is in the core area around Wasilla and Palmer.
As you can see from the chart below, all the activity is down. Fewer people look at homes during the times between Thanksgiving and New Years.
|Average Price||Median Price||DOM|
One interesting thing is that certain houses are getting a lot more action. I have one house that has seen more showings in the last twe weeks than we have had in the last two months. It seems that a bunch of buyers are just discovering what a unique opportunity this house is. Take a look at it here.
The only thing that has gone up is days in the market. That is because fewer new listings are coming on the market which drives the total days on the market up. That number will tend to go down in the spring after a lot of new listings come on the market.
A contrarian way of marketing real estate is to hit the market when the competition is not. That would be anytime between now and the end of February.
On the other hand, buyers should know that mid-winter is your best chance to get a deal. I addition, this is a fantastic time to lock in a really low interest rate.
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Based on information from AK MLS, Inc. for the period Dec 1-7, 2009 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.