New Construction Market is Stable
The demand for new homes year to date represents 21% of our market. Last year new home sales represented 20% of the reported homes sales in the MLS. Steady as she goes, there is still a demand for a new home.
There have been a few twists to our local market though. There seems to be quite a few new builders competing with each other. So even though the demand has remained steady the share of the pie appears to be split up a bit more. I counted through the existing inventory and came up with about 43 builders that had names displayed. There were about 10 more that didn’t mention the name of the construction company.
IDX MLS IDX Listing Disclosure © 2012
The listing content relating to real estate for sale on this web site comes in part from the IDX Program of Alaska Multiple Listing Service, Inc. (AK MLS). Real estate listings held by brokerage firms other than the site owner are marked with the AK MLS logo and information about them includes the name of the listing brokerage. All information is deemed reliable but is not guaranteed and should be independently verified for accuracy. Site contains live data.
I was curious what the new construction market did back in the hay day of 2005. There were 1671 closed sales with 623 being new homes. At that time the new home market represented 37% of the total market. That was huge! Although things have declined to about 1/2 of what it was, the demand still seems steady.
IDX MLS IDX Listing Disclosure © 2012
The listing content relating to real estate for sale on this web site comes in part from the IDX Program of Alaska Multiple Listing Service, Inc. (AK MLS). Real estate listings held by brokerage firms other than the site owner are marked with the AK MLS logo and information about them includes the name of the listing brokerage. All information is deemed reliable but is not guaranteed and should be independently verified for accuracy. Site contains live data.
The population of our area must be growing to maintain a stable market with inventory that isn’t climbing. The continued percentage of new homes sales is a healthy market indicator.
Follow this link “NEW HOMES” to see what new construction homes are available in Mat-Su Valley right now.
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Wasilla Market Stats
- 377,417,467,502,501,493,514,500,470,435,407,346
- 116,144,167,155,131,113,129,93,89,49,48,73
- 58,76,78,86,78,73,81,56,73,37,42,58
- 32,56,59,70,86,80,82,68,78,62,59,35
Information is deemed to be reliable, but is not guaranteed. © 2012
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Sale to List Price Ratio for Wasilla
- 99.7,99.5,99.6,100.1,98.1,98.2,99.5,98.6,99.6,98.7,98.5,99.0
Information is deemed to be reliable, but is not guaranteed. © 2012