Wasilla Real Estates, Market Memo forJan 14-21, 2008

For the week of January 14–21, 2008 here are the real estate statistics for the Matanuska-Susitna Borough.  This includes Wasilla, Palmer and surrounding areas.

These statistics are residential house sales, everything from cabins to mansions.

Average Price DOM
New 30 $263,629 .
Total Active 688 282,924 163
Pending 15 $197,227 90
Closed 12 $215,760 134

Well…the pending and closed actions sure took a dive this week.  You couldn’t tell it by our own business…we have still been real busy.  Still, it’s hard to ignore the numbers.  I think it is just a by-product of two weeks in a row of 4 day weeks. 

The total active listings increased by only 12 this week even though pending sales were down.  I expect a jump in all the numbers next week.

I talked to Tim Vereide of Prudential Vista Real Estate in Wasilla today.  He is another number cruncher it seems, as well as an all around nice guy and great Realtor.  He has been keeping track of monthly stats for quite some time.  Tim has been watching the core area, Palmer, Wasilla, Houston and Knik Road out to Settlers Bay. 

Here is a real interesting fact from Tim…573 active listings in Jan 2007 compared to 554 this year.  Also there were 127 pendings at this time last year compared to 131 this year.  Those are actually pretty encouraging numbers given that it seems that the sky is falling everywhere else.