Wasilla Real Estate Monday Market Memo 9-15 through9-22-2008

Here are the real estate statistics for residential sales in Wasilla, Palmer, and the rest of the Matanuska-Susitna Borough.

We have gone below 900 in total inventory on our way down for the winter.  It is a common perception that winter is a poor time to sell.  While it is true that there are fewer buyers, the buyers are serious. They want to get out of the snow and cold.  And there is less competition.  A lot of the homes on the market are hold overs from the warmer season so a new listing in winter generally gets a lot of attention.


Average Price Median Price DOM
New 34 $250,854 $251,950 .
Total Active 898 $290,052 $239,900 132
Pending 30 $186,589 $187,200 70
Closed 26 $217,854 $230,640 72

Notice the low median price for pending sales this week.  There were several cabins and mobile homes included in these numbers.  There were also several foreclosures in very poor condition that pended.

On the other hand, this past weekend was pretty busy for us and several other realtors that I talked to.  There are a lot of offers coming in on houses that have been on the market awhile.