Wasilla and Palmer Real Estate Market, 2013 year to date.

5925 Bideford

5925 Bideford

I have been making periodic reports on the real esstate market this year. Here is the August report and the March report.

Both of these reports indicated a strong year for the market in the Valley. I have been concentrating on the Palmer and Wasilla areas because that is where over 80% of the properties are sold.

Since the Alaska Dispatch recently caught up with the story in Home Prices In South-Central Highest Ever I thought I would do an update.

See the hard data below. I rounded off the prices to the nearest thousand dollars.

I included both average and median prices. Some people would rather use the median price since that tends to eliminate fluctuations caused by extremely low or high sales.

Year Total House Sales Average Price Median Price
2013 969 $241,000 $226,000
2012 792 $231,000 $222,000
2011 843 $225,000 $214,000
2010 792 $225,000 $215,000

It’s easy to see that this is a strong year for sales. Prices have increased somewhat and the demand is bound to continue to push prices up unless something like the economy or interest rates step in to change things.

By the way, if you happen to be looking for a home with a view it’s really hard to beat the one pictured above. Call or email for more details on that house. Price has been reduced to $360,000 for a 5 bedroom house with a fantastic view.

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. – See more at: http://marty.retomato.com