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.

28 Listings

7970 N Morning Glory Drive, Palmer, AK 99645

$680,000 3 beds 3.25 baths 2,678 sqft Listing office: Berkshire Hathaway HomeServices Alaska Realty

$675,000 4 beds 3 baths 2,724 sqft Listing office: Alaska Real Estate Associates, LLC

3051 S Barn Gable Loop, Wasilla, AK 99654

$635,000 4 beds 2.5 baths 2,690 sqft Listing office: RE/MAX Dynamic of the Valley

$629,000 4 beds 2.5 baths 2,690 sqft Listing office: RE/MAX Dynamic of the Valley

$610,000 4 beds 3 baths 2,750 sqft Listing office: Alaska Real Estate Associates, LLC

$598,000 5 beds 3 baths 2,768 sqft Listing office: RE/MAX Frontier

$580,000 4 beds 3 baths 2,850 sqft Listing office: Keller Williams Realty Alaska Group of Wasilla

$579,900 4 beds 2.5 baths 2,600 sqft Listing office: Elite Real Estate Group

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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.

28 Listings

13923 W Big Lake Road, Big Lake, AK 99652

$315,000 2 beds 1 baths 1,021 sqft Listing office: Sun Properties, LLC

6820 S Frontier Drive, Wasilla, AK 99654

$315,000 3 beds 2 baths 1,324 sqft Listing office: Sun Properties, LLC

$319,800 3 beds 2 baths 1,560 sqft Listing office: Berkshire Hathaway HomeServices Alaska Realty

L3 E Diamond Wood Way, Wasilla, AK 99654

$327,900 3 beds 2.5 baths 1,637 sqft Listing office: Keller Williams Realty Alaska Group of Wasilla

680 E Diamond Wood Way, Wasilla, AK 99654

$335,500 3 beds 2 baths 1,620 sqft Listing office: Keller Williams Realty Alaska Group of Wasilla

Photos are similar not guaranteed and some items may be upgrades requiring additional charges

$377,000 3 beds 2.5 baths 1,670 sqft Listing office: Keller Williams Realty Alaska Group of Wasilla

1933 E Ridgeview Drive, Wasilla, AK 99654

$388,900 3 beds 2 baths 1,639 sqft Listing office: Berkshire Hathaway HomeServices Alaska Realty

3761 W Birch Leaf Way, Wasilla, AK 99654

$419,000 4 beds 2.5 baths 2,022 sqft Listing office: True North Real Estate Solutions 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.