Wasilla and Palmer Real Estate Market, Have We Bottomed Out?

Spring Creek

Spring Creek

A couple weeks ago I wrote a post about winter trends in the Wasilla and Palmer real estate market. I was surprised to find that this past winter showed an increasing price and increased volume over the last few winters.

I wondered if that was just a winter statistic that would not hold up if I compared the entire years worth of sales.

So I have done that here. These are 12 month statistics ending on April 15 of each year.

Year Total Sold Median Price
2011 982 $219,000
2010 943 $212,000
2009 955 $214,900
2008 1136 $218,000
2007 1352 $215,500
2006 1346 $206,000
2005 1295 $179,900

So this shows that we have had more sales in Wasilla and Palmer this year than in the last 3 years and that the median prices are the highest in history…

I’m still not going to predict that the market will continue upward. But if the state pumps over 3 billion into the economy it might, at least for the short term.

Oh, by the way, in that post I wrote about winter market trends I also predicted that the new construction house at the top of the page would sell right away. It did…it’s pending now. But I am still showing it off this weekend in the Spring Parade of Homes. Come see me there on Saturday and Sunday. Just follow the signs across from Colony Middle School.