The Juneau real estate market is starting to get exciting! The last few weeks have seen a huge increase in buyer activity. Even listings that have languished on the market are starting to see significant activity.
Even the Anchorage Daily News is getting the hint. Real estate is local. This morning's paper had an excellent article explaining why Alaska escaped the serious sub-prime problems that plague selected areas "outside".
Interest rates are outstanding! One of my favorite loan originators, Drake Peterson from Alaska Pacific Bank, sent me loan rates a few days ago. I was shocked at how low the rates were:
30 year FIXED | 5.5% 5.516 APR |
20 year FIXED | 5.375 % 5.396 APR |
15 year FIXED | 5.0 % 5.026 APR |
See what I mean? Those rates are AWESOME!
I'm not reprinting the ARM rates. I don't recommend them, but if you insist, they are low too. You can reach Drake Peterson at 907-789-5126 or email him at dpeterson@alaskapacificbank.com .
(I've sent him an invite to Active Rain as well, so you will find him here soon too!)
He's a great loan offer and he's a fun guy to have around.
So, rates are great, lenders are good, and....
The selection is great too. There's something for everyone.
| # of Listings | Low Price | High Price | Average | Median |
Single Family | 73 | 199,900 | 1,150,000 | 388,742 | 376,000 |
SF with Apt | 13 | 269,500 | 745,000 | 447,338 | 415,000 |
Attached Homes | 12 | 186,900 | 303,000 | 247,025 | 246,200 |
Condominiums | 37 | 79,000 | 479,000 | 195,483 | 157,500 |
It may be winter - cold, wet, windy & dreary, but the future (for real estate) is sure looking warm and sunny!
;)
;)
Great to hear our market in Spokane Wa seems to be picking up as well!!!!!