According to the 2020 U.S. census, Anchorage lost 579 citizens during the last decade. However, not all of them left for warmer weather as the Mat-Su gained a whopping 18,096. The Mat-Su also gained almost 10,000 housing units to accommodate their surge in Continue Reading
Archives for 2021
Let’s Not Forget About Our Neighbor to the North
Alaska has a total land area of 586,048 square miles which makes it one-fifth the size of the entire continental United States. The Mat-Su Borough alone is about the size of Ireland. But Anchorage is confined by the mountains and Chugach State Park, the two arms Continue Reading
Anchorage’s Lack of New Housing Continues
Anchorage’s slow slide down into fewer and fewer new housing permits continues. So far this year there have been only 239 new housing units permitted, including single family, duplex and multi-family compared to 378 in 2020. No matter all the talk about the Continue Reading
Where Are The Windows?
Even though most home buyers would like a wider lot, Anchorage lots are getting narrower due to the high cost of road and water/sewer extensions. The cost of water service with an 8 inch pipe is $350 per lineal foot. The cost of a sewer service is $350/lineal Continue Reading
Twelve Things You May Not Know, but Should Know, about the South Central Housing Market
1. Million dollar home sales continues its robust climb with 41 closed sales YTD compared to 37 for all of 2020. 2. At the opposite end of the housing spectrum is the condo market. There are 411 condo associations in Anchorage and 13,844 condo units. The average Continue Reading
Should You Own an Investment Property?
The September 2021 Alaska Economic Trends Magazine report on the Rental Market, “Many landlords we’ve surveyed consistently for years had sold their units in 2021. Reasons included downsizing due to the pandemic and taking advantage of the recent strength in the real Continue Reading
At Last, Some Positive Changes Coming for Title 21
Assuming the Anchorage Assembly passes an omnibus ordinance amending Anchorage Municipal Code to Title 21, local home builders will have a better path forward for residential development. The changes put forth by the Office of Community Development and Dept. of Law at Continue Reading
Still a Sunny Market
All Anchorage MLS districts have had a 25% jump in sales volume year to date with downtown Anchorage leading all districts with a 220.32 per cent increase. Except, I should clarify for District 101, Girdwood-Turnagain Arm, which has had a 39.13 per cent decline due a Continue Reading
The Varying Ways to Value a Home
Is it the Zillow estimated value; the tax assessed value; the market value based upon a qualitative market analysis by your realtor or the value a qualified buyer is willing to pay for your home? But then do any of those values matter if the mortgage lender doesn’t Continue Reading
Will Cooler Weather Bring a Fall Slow Down in Sales?
That’s normally what happens in the last four months of every year but the pandemic has disrupted everything we can normally expect with multiple offers, escalators clauses, weeks’ long waits for preliminary title reports and almost virtual closings. The pandemic has Continue Reading
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Connie Yoshimura, Owner/Broker of Berkshire Hathaway HomeServices Alaska Realty.