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Fairbanks Ak Real Estate - Market Report

Fairbanks, Alaska Real Estate - Market Report
As much as it will surprise many buyers, and a few sellers, parts of the Fairbanks market are starting to strongly favor sellers.
A limited inventory of homes for sale is causing buyers to scramble for, and in many cases, compete with other buyers for homes. I've talked to no less than 7 or 8 agents in the past couple of weeks who say their clients lost 'the house' because of multiple offers. It's true. Multiple offers are alive and well in Fairbanks.

North Pole, for example, has seen a marked decrease in the number of homes for sale. New(er) 3 and 4 bedroom homes under $250,000 in good condition are very much in demand. As of this writing, there are 13 homes for sale priced between $200,000 - $250,000 (the median market for North Pole). Of those, 11 have been on the market less than 60 days. 63% of the ($200-250K) homes sold in North Pole since March 1st spent less than 22 days on the market. The marketing time for Fairbanks homes trends somewhat higher, but is declining.

Overall, the trends for March are good news.

Fairbanks AK Real Estate Trends Average Sales Price - UP

Fairbanks AK Real Estate Trends Average Days on the Market - DOWN

Fairbanks AK Real Estate Trends Homes Sold - HOLDING STEADY

Fairbanks AK Real Estate Trends List to Sales Price Ratio - UP

Average Sales Price

Homes Sold Fairbanks AK Homes Sold March 2009

Days on Market Fairbanks AK Real Estate Days on Market March 2009

Discount from List Price Fairbanks AK Real Estate Average Discount From List Price

Fairbanks AK Real Estate Is this a good time to buy Fairbanks real estate? Absolutely. Prices have come down, seller concessions are available and as of this morning a 30 year fixed rate loan will cost you 4.625%. Call or contact us online today to start the search for your piece of the Last Frontier.

Posted by Fairbanks Alaska Real Estate Specialists Jesse & Kathy Clifton 907-699-6024 on 04/15/2009 02:33 PM

Comments (4)

Fairbanks AK Market Report in the Real Estate Market Channel

jesse and kathy clifton, fairbanks ak real estate market report, fairbanks ak realtors

Originally posted at: Fairbanks Ak Real Estate News & Info: Fairbanks Ak Real Estate - Market Report

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4 Comments on Fairbanks Ak Real Estate - Market Report

APR

Very good news I have to say! Hope it moves south east...

I love good news, thanks for sharing.

APR

Hello Cliftons - Decided to take a look at the most subscribed bloggers in Alaska. I wasn't disappointed. I like the format for your market reports. I am curious how you do them because I really like the graphics and how the information is displayed.

MAY

Jesse and Kathy, This is great. Sounds like things are turning around in Alaska in the market. Now if you could send that fair weather for real estate south, it would very much be appreciated by all.

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