Home Prices in Eagle River AK for August 2013

Home Prices in Eagle River AK for August 2013

Real estate market data for Eagle River AK provided by Kim and Terry Hardman of Keller Williams Realty Alaska Group.

Eagle River AK Home Prices

We have seen several months of listing price increases on home prices in Eagle River AK and don’t expect things to slow down anytime soon.  If you are considering buying a home you can still find deals on a house in Eagle River AK but having a good real estate agent who understands the market is a must.  Don’t wait on the sidelines for too long, many of our listings are starting to sell within a few days of hitting the market. As you can see from the graph below, listings are not selling exactly for asking price. To make sure you don't overpay for your home, you'll want to have an agent that does a thorough market analysis of the Eagle River AK home on which you are making an offer.

If you are interested in how much current inventory is on the market in Eagle River AK you can find that information by clicking on the link. High inventory will suggest that homes are sitting on the market for longer. Currently in Eagle River AK, homes have a median time of 57 days. This is significantly shorter than the national average.. Sellers should make sure to price their home near the market value if they expect to get an offer from one of those interested buyers. Low inventory in Eagle River AK has multiple offers coming in on homes similar to what we saw back in 2007. I wouldn't expect home prices to run up quite as fast as they did back then as banks have gotten a lot stricter on lending guidelines and are no longer giving a loan to anyone with a pulse. But low inventory is one indicator that prices should continue to rise. 

Eagle River AK Real Estate Report Summary

The median list price in August for single family homes and condos in Eagle River AK is $367,010.

The median number of days active properties have been listed is 57. This is significantly shorter than the national average.

The distressed property rate for Eagle River AK is 2.2%, significantly lower than the national average. 

The number of active listings in Eagle River AK dropped by 4.6% from July 2013.

The percent of unoccupied properties is very low in Eagle River AK. It is -13.6% below the national average.

Find Homes for Sale in Eagle River AK

Visit our website to search for homes in Eagle River AK or to be notified when Eagle River AK homes come on the market.

To find out what you home is worth in the current market email us or call  (907) 414-3090.

Thank you for reading about Home Prices in Eagle River AK for August 2013.