Wasilla And Palmer Real Estate Statistics for the week of Feb 19-26, 2007

The following numbers show the statistics for the Matanuska-Susitna Borough from Trapper Creek all the way through Wasilla and Palmer and then out the Glenn Highway as far as Lake Louise.  Of course the bulk of the real estate action takes place in the core areas from Palmer to Big Lake.

     Average Price  DOM
 New 58 $269,260   
 Total Active  746 $292,448  109
 Pending  26 $226,271 90
 Closed  23 $239,900  89

You will notice that I am using the average prices rather than the median prices.  I do this because it is difficult to find the median price on Alaska MLS system.  I can find it easily on the Valley MLS.  The median price is the price at which 1/2 of the houses sold above and 1/2 sold below.  That is not the same as the average price because very high priced homes skew the average much higher than the median. 

The median price of the 26 pending sales this week is only $202, 450.  That means that 1/2 of the sales are below that price.  Folks, only 1/4 of the total amount of homes for sale are below that number.  That means that anyone with a house above $202, 450 is part of the 3/4ths of the homes competing for 1/4 of the buyers.

Since I belong to both the Valley Board of Realtors MLS system and also the Anchorage Board of Realtors MLS, I try to compare the numbers each week to make sure they are realistic. 

This week the numbers are a little skewed because the Valley MLS shows only 664 total active listings and the Alaska MLS shows 746.  Normally they are pretty close.  The funny thing is, the Valley MLS shows more pendings, more new listings and more closed sales.  So for the first time, I went with the Alaska MLS total numbers and the Valley MLS on everything else.  There probably is a little bit of play in the system somewhere, but it’s the best I can come up with using the numbers that I have.