Three new construction properties went off the market, including one zero-lot line in Lazelle Estates. Not to worry, if bland, homogenous, expressway adjoining townhouses are your style there are still more than two dozen available.
549 homes are currently available for sale with an average of 138 days on the market. This week the absorption rate (the time it will take to sell all the listings currently for sale) jumped to 5.25 months from 4.8 last week.
Hi, Marchel
We started seeing the effects in June/July of '06 and it slowly morphed into a market wide slowdown. Our upper end homes have taken the hardest hit; some have lost upwards of 30% of their value since '06. We've also overbuilt in North Pole (bedroom community) which hasn't helped.
You daughter will probably love Anchorage. If we were not planning to retire in a few years we would be looking at Anchorage as it has a lot to offer. It has all the shopping she could want, entertainment, arts, great restaurants, etc... and best of all it's one of the most beautiful places I've ever been... and there are more than a few miles under these old feet. :)
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