There is always a market for high quality condominiums or town homes, and Anchorage Alaska isn't an exception to the rule.
The individuals who like executive condominiums are specific in what they are looking for - it's usually a lifestyle decision. They can afford anything they want, but they specifically want "location, location, location" as well as top amenities. What they want to avoid is home maintenance, of the outdoor variety such as shoveling the snow and mowing the lawn.
Anchorage real estate agents sell about 90 condominiums properties every month; the average sales price is $190,000 to $250,000. These aren't the condominiums I'm talking about in this post.
Executive style condominiums begin in price in $450,000 range and continue up in price. In Anchorage, executive condos are a very small portion of the market. There might be only one sale a month over $450,000, and slower at higher prices.
I saw a wonderful penthouse condominium in a downtown property last week. The location was downtown Anchorage with massive unrestricted views. The quality of the finishes was exquisite. This particular executive condominium had underground parking with an elevator to the condo units. There are commercial business's on the ground floor. The access to the residential condos above are limited by keyed access in the elevator.
This lifestyle isn't for everyone, but it is perfect for individuals who want a high quality location and home, without the hastles of common exterior maintenance.
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