Wasilla and Palmer Real Estate Monday Market Memo – January 15-21

Take a look at the chart below. Thirty two new listings in just one week. The spring rush has begun.

This rush does not translate into new closings and pendings because that depends on buyers. But sellers are making their move. Over the next few months we will see hundreds of new homes come on the market. Competition will increase for sellers, and buyers will have a lot more options than they do now.

If you are a seller, you might want to beat the rush and put your house on the market very soon. Buyers are out there right now. There will be more buyers in the spring, but you will be competing with many more sellers relative to buyers.
Below is the chart from the week of Jan 15-21

Number of Listings Average Price Median Price DOM
New 32 $230,122 $215,750
Total Active 615 $249,150 $219,000 173
Pending 15 $196,723 $209,900 111
Closed 14 $158,029 $148,000 85

Last Monday Morning Market Memo: January 8-14.

For any buyers out there looking willing to live a little out of town we have a fantastic deal on a house at 20457 W Glenn Hwy. This is a 5 bedroom house on 6 acres only 15 miles from downtown Palmer for $199,000!

And this commute is on a good highway with no stop lights all the way in to Palmer. I think many people neglect to consider homes east of Palmer thinking that they are too far away, however this house is closer to Palmer than Big Lake is to Wasilla, and look at how many people do that commute!

This representation is based in whole or in part on data supplied by, and to, the subscribers of Alaska Multiple Listing Service, Inc. (AK MLS, Inc.). AK MLS, Inc. does not guarantee nor is it in any way responsible for its accuracy. Data maintained by AK MLS, Inc. is for its own use and may not reflect all real estate activity in the market.