Mid Summer Market update for Eagle River Alaska
I know that a lot of pople are out and about enjoying the summer. So far this year the weather has been decent, not great but at least everyday has not been cold and rainy. so I know that everyone is enjoying themselves. Dip net fishing on the Kenai River has been awesome, the Eagle River Bear Paw was great and this week I know my wife is hiking the Crow Pass trail from Girdwood to Eagle River. so there is plenty to do out there.
So with all this going on; what's the real estate market doing. I've seen recent reports about consumer confidence being down, but that does not appear to be the case here in Eagle River Alaska. The Mat-Su valley(Palmer/Wasilla) is holding its own compared to last year, and Anchorage is down about 9.5% in the number of homes sold. Eagle River and Chugiak are up 16.1% so far this year.
One difference this year is that we are selling more land for new home construction, and as a result of this new home sales are up. This is much different then what we are seeing in the markets in the lower 48. It should be noted that many towns in the lower 48 are doing just fine. Middle America is surviving, even though the talking heads and Wall Street don't give us much credit.
There are tough sales out there, and there is more homes available this year than last. the selection is good, and some homes are just over priced for their condition or location. Remember the #1 rule in real estate is location, #2 is condition, and #3 is Price. You can't change #1, but you can change #2 & #3.
For more detailed information feel free to call me anytime.
Remember to rinse your fish before you put them in the smoker, they turn out too salty otherwise, but most importantly...
Enjoy the summer!