Wasilla Real Estate News Monday Morning Market Memo 7/9/2007

Here are the statistics for the Matanuska-Susitna Borough for this week.  This includes only single family homes.  It does not include condos, mobile homes, multi-family homes or land.

     Average Price  DOM
 New 40 $247,770  
 Total Active 855 $306,416  102
 Pending  28 $244,918 71
 Closed  23 $243,935  86

The inventory grew by only 3 additional listings compared to last week’s Market Memo.  That would be encouraging if we didn’t also see a fall off in pending and closed sales. 

Our personal business has been booming with about as many pendings and closing as we can handle.  I believe we are closing four this week, two last week and four the week before.  Those are not all single family sales, but most of them are.

The market has been generally steady all summer with about the same amount of closings and pendings as we go along.  Pendings and closings are on the low side this week, but they are not below average.

This house was shown 5 times in one day on July 5th.  It has been shown about once a day on average since it was listed.  It received two offers last week and is now pending.  That is a good illustration of how a well-built house, presented well by the sellers, will attract buyers in this market. 

The market is holding steady and houses priced right, and presented right, will sell.

Give me a call if you would like to hear more.   907 232–7900 is my cell.