Real Estate Market Report for Anchorage Alaska for February 2014

Real Estate Market Report for Anchorage Alaska for February 2014

Real estate market data for Anchorage, Alaska provided by Joe Bell of Alaska Real Estate Team at Keller Williams Realty Alaska Group.

 

Anchorage Alaska Real Estate Market Report

 

We have seen 11 straight months of listing price increases on our Real Estate Market Report for Anchorage Alaska 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 Anchorage 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 Anchorage home on which you are making an offer.

If you are interested in how much current housing inventory is on the market in Anchorage 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 this area of Anchorage, homes have a median time of 55 days on the market before they sell. This would suggest that buyers are in a great position to make an aggresive offer on a home. 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 Anchorage 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. 

 

 

 

 

 

Anchorage Real Estate Market Report Summary

The median list price in February for single family homes in Anchorage Alaska (99507) is $312,510. The list prices increased by 0.04% from the previous month.

The price per square foot for listings in this area is $185.

The percent of unoccupied properties is very low in Anchorage (99507) . It is -13.41% below the national average.

Find Homes for Sale in Anchorage Alaska

Visit my website to search for homes in Anchorage or to be notified when Anchorage homes come on the market.

To find out what you home is worth in the current market email me or call 907-563-2355. 

.