Monday Market Memo, Nov 18-24, 2008

Wasilla Real Estate News statistics for Nov 18–24, 2008.  These are the statistics for residential sales in the whole Mat-Su Borough.  This includes Palmer, Wasilla, Sutton, Houston, Willow, Talkeetna and more.

We are in winter mode in real estate.  The new listings are falling and the total inventory is also falling.  Houses are still selling however.  There were 29 new pending sales last week which is a healthy number for this time of year.

Notice the difference in the average and median price for this weeks pendings. That is because there was one very expensive lake front home that pended this week.  People are still buying those nice homes.


Average Price Median Price DOM
New 24 $274,928 $195,000 .
Total Active 768 $287,766 $237,500 150
Pending 29 $300,950 $220,990 102
Closed 18 $232,447 $202,000 65

Speaking of nice homes…we just listed this beautiful home on 5 acres on Lazy Mountain.  This is a rare find.  IMG_1580 .