Wasilla Alaska, Monday Market Memo 9-8 through 9-15-2008

This report includes Wasilla, Palmer, Talkeetna, Trapper Creek, Willow, Houston, Big Lake, Meadow Lakes,Knik, Skwentna, Sutton, Chickaloon, and all points in between.  Did I miss any communities?

Wow…the total closed sales for the week was only 18.  Those are mid-winter numbers.  Pending sales are about the same as last week.  The total inventory dropped a little and will probably continue to drop through December and maybe into January.


Average Price Median Price DOM
New 44 $211,428 $212,300 .
Total Active 904 $288,732 $239,500 128
Pending 30 $206,924 $217,300 97
Closed 18 $190,886 $187,500 100

I’m not sure what effect the fall out of the big bank problems will have on the real estate industry.  It may make it more difficult to get a loan.  But one thing is different.  Rates are below 6%.  If you were going to lock in a loan…go ahead and do it now.

The Alaska market is still puttering along better than most places in the country.  Prices are NOT going up so don’t count on getting more for your house than you purchased it for in 2005.  They are holding about steady so far.

I have been receiving more inquiries about moving to Alaska that seem to be tied to Governor Sarah Palin.  Alaska is in the news.