Home sales in Fairbanks struggled through most of last year but especially through the last two quarters of '07. Where are we today? Well, looking at the numbers sales have been increasing every month since January. April sales jumped more 36.5% over March but we're 20% under April 2007 stats. In fact more homes were sold in Fairbanks and Interior Alaska during the first quarter of 2007 than have been sold in the first four months of 2008.
Fairbanks sellers would be well advised to pay close attention to these numbers. With more than 600 homes currently for sale, pricing is absolutely critical. There's no room to "test the waters" or to build in "negotiating room."
If the goal is to sell your Fairbanks home, then being spot on with respect to pricing is an absolute must. It's probably not a bad idea, depending on what segment of the market you're in, to price your home 2-3% under the comparable sales that have closed within the past three months. The serious I'm-ready-to-buy-right-now buyers are simply not looking at homes where the asking price is out of line with market value.
Ready to sell your Fairbanks and Interior Alaska home? Contact us online or call us at 907.699.6024. We know Fairbanks and we know the Fairbanks real estate market. We'll help you go from For Sale to Sold!
Thinking about buying or selling real estate in Fairbanks or Interior Alaska? We know Fairbanks real estate – Think of us as your local experts.
Have questions? Contact us online or call us at (907) 699-6024. We would love to hear from you.