The 2016 Anchorage residential market could best be described as having had a minor fender bender, not the fatal crash so many naysayers predicted for the housing market. Thousands of owners have not turned in their keys to the bank like they did in the 1980’s. In fact, Continue Reading
Archives for 2016
How’s the Housing Market, Really? Take This Quiz.
1. Are the number of single family home sales down for the first eight months of this year compared to 2015? If your answer is yes, by what percentage? 2. What is the 2016 average sales price of a single family home in the MOA? A. $320,000 B. $350,000 C. Continue Reading
Why ‘New’ Costs So Much
Robert Dietz, the National Association of Home Builder’s Chief Economist, in a speech to Anchorage’s real estate industry this month, predicted a mortgage rate hike to 4.1% in 2017 and 4.9% by 2018 compared to our current rate of 3.5% for conventional financing. Dietz’s Continue Reading
How Accurate Is Your MOA Tax Assessment?
Pretty darn accurate, according to the MOA tax assessor’s 2016 annual report. MLS reports an average sales price of $366,592 through November 2015 and the MOA average assessed value is $354,704. That’s a 97% ratio based on 3,037 deeds recorded through Dec. 12th 2015. Of Continue Reading
A Look at Anchorage’s Tax Base
The Municipality of Anchorage has a property tax base of $39.4 billion as of July 2015, according to the MOA tax accessor, who recently made a presentation at Dwell Realty’s monthly sales meeting. This tax base includes land stretching from Cook Inlet to Eklutna and from Continue Reading
Join the Parade–And Check Out These New Trends
Today is the last day for the Parade of Homes so slip on some comfortable, non-tie shoes, and check out the latest trends in new construction. Despite the slow start for builders in 2016 due to the implementation of the New Title 21, there are thirty-one entries to view from Continue Reading
Open the Door to a New Home
Visit the Parade of Homes Sept. 10-11 and open the door to thirty-one new homes. This year’s crop of new homes range from a Hultquist Home townhouse style condo in IronTree at $242,000 to a luxury hillside home perched on a ridge in Potter Highlands with an unobstructed Continue Reading
What to Expect from the Home Inspector
Selling a home is a four step negotiating process. Step one is deciding the asking price in consultation with your realtor. Step two is negotiating the price and terms of any offer that you receive. Step three is negotiating the recommended list of repair items from a home Continue Reading
The Growing Popularity of Ranch Homes
MLS recently reported that sixty-five ranch homes in Anchorage have sold since the first of the year and twenty are now pending. There are forty-five active ranch listings with an average asking price of $363,112. Their average price per square foot is $236 and their time on Continue Reading
Go Fish and Find Some Good Single Family Buys
Selling real estate is like fishing. You dip the home in a sea of social media, print and online marketing and wait for a buyer. Some fishermen are more aggressive than others and try fancy flies, travel farther upstream or out in the ocean but it’s hard to beat the odds Continue Reading
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Connie Yoshimura, Owner/Broker of Berkshire Hathaway HomeServices Alaska Realty.