Market Conditions Report January 2, 2008 Juneau Alaska

I've been dreading writing a market condition report for Juneau for several weeks.  I've enjoyed working fewer hours over the holidays, and I've worked harder at qualifying buyers to save time and fuel, but honestly I was getting a little concerned.  People talk about the market being slow, prices coming down and of course I spend a lot of energy talking about how it isn't so bad, real estate is always a good investment, and I've still got deals in the pipeline.  You know, talk the talk.

Still, those nagging voices kept telling me how bad the market was.  I finally braced myself, poured a glass of wine, and put together the numbers.

Then I put the wine away and checked the numbers again.  This couldn't be right!

People in large markets are probably going to make fun of me, because I don't have commas in my numbers.  Juneau just isn't that big of a place.  We only have 12,000 residential dwellings in town.

Anyway, here goes.  I've included what has expired in the last 30 days as well, because so many agents have a habit of putting December 31 as an expiration date (me included).  Anyway, all statistics are for the last 30 days.

Things aren't so bad after all.

Here's to working smarter, not harder, in 2008.