I’m sure this headline comes as a surprise to many of you who have known me for over forty years as an ‘Anchorage’ realtor and residential land developer. However, I can no longer ignore our great neighbor to the north. Forbes Magazine recently rated the Gateway Continue Reading
Unprecedented Market Conditions
Never in my forty years of real estate have I seen a market quite like this one. The bidding war for homes in excellent condition, regardless of their age, is even more competitive in 2022, than last year’s frenzy of multiple offers and escalator clauses. The Continue Reading
Inventory Shortages Continue in 2022
It’s hard to believe that yesterday there were only 88 single family homes for sale in Anchorage, inclusive of all price points. And that between $475,000 and $525,000 there were only three! Those three included a home built in l960, l961 and l975, prime examples Continue Reading
Still Chasing the American Dream…
From Dubai to Dallas to Wasilla, Alaska, the residential real estate market flourished in 2021 despite the disruption of covid virus. Nationally, home prices rose 18%, according to a recently published Berkshire Hathaway HomeServices report. Anchorage experienced Continue Reading
Anchorage Struggles to Compete with the Mat-Su Borough
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
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
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Connie Yoshimura, Owner/Broker of Berkshire Hathaway HomeServices Alaska Realty.