Wasilla Real Estate – Palmer Alaska Real Estate » New Construction Market is Stable

New Construction Market is Stable

November 20th, 2011 by
Categories: Wasilla Market Update

New Home Sales Wasilla
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.

47 Listings

3019 S Barn Gable Loop, Wasilla, AK 99654

$689,900 5 beds 4 baths 2,900 sqft Listing office: Keller Williams Realty Alaska Group

8300 N Memorable View Circle, Palmer, AK 99645

$678,000 4 beds 3 baths 3,028 sqft Listing office: Keller Williams Realty Alaska Group of Wasilla

3060 S Barn Gable Loop, Wasilla, AK 99654

$629,900 4 beds 2.5 baths 2,921 sqft Listing office: Elite Real Estate Group

3051 S Barn Gable Loop, Wasilla, AK 99654

$610,000 4 beds 2.5 baths 2,690 sqft Listing office: RE/MAX Dynamic of the Valley

3363 S Barn Gable Loop, L19 B7, Wasilla, AK 99654

$599,900 5 beds 3 baths 2,760 sqft Listing office: Keller Williams Realty Alaska Group

3097 S Barn Gable Loop, Wasilla, AK 99654

$589,900 4 beds 2.5 baths 2,520 sqft Listing office: Elite Real Estate Group

$575,000 5 beds 3 baths 2,560 sqft Listing office: McKinley View Real Estate, Inc.

$575,000 4 beds 3 baths 2,750 sqft Listing office: Alaska Real Estate Associates, LLC

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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.

47 Listings

$165,000 2 beds 1 baths 832 sqft Listing office: Valley Market Real Estate

$178,500 2 beds 2 baths 1,964 sqft Listing office: Mossy Oak Properties of Alaska - Wasilla

48950 S Silver Salmon Drive, Willow, AK 99688

$180,000 3 beds 3 baths 2,300 sqft Listing office: Keller Williams Realty Alaska Group

$183,000 2 beds 2 baths 965 sqft Listing office: Signature Real Estate Alaska

$199,500 2 beds 2 baths 1,092 sqft Listing office: Keller Williams Realty Alaska Group of Eagle River

2834 N Pick A Dilley Street, Houston, AK 99694

$200,000 2 beds 1 baths 1,088 sqft Listing office: North Star Realty Mat-Su Group, LLC

13402 E Constitution Drive, Palmer, AK 99645

$214,700 3 beds 1 baths 1,058 sqft Listing office: Keller Williams Realty Alaska Group of Wasilla

$219,000 3 beds 2 baths 1,200 sqft Listing office: EXP Realty, LLC

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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.

This entry was posted on Sunday, November 20th, 2011 at 3:47 pm and is filed under Wasilla Market Update. You can follow any responses to this entry through the RSS 2.0 feed.You can leave a response, or trackback from your own site.