In a recent ADN article, city officials stated that without any continued state assistance to help pay down school bond debt, single family property owners could expect an estimated $630 property tax increase on a $350,000 home. Already that home has Continue Reading
How to Buy a Home that Doesn’t Exist (Yet)
Welcome to the Spring Preview of Homes! Dwell Realty is honored to have 12 of the 28 entries which makes us at the epicenter of knowledge for buying and selling new homes. Last year there were only 193 single family homes built in Anchorage and for the first quarter of this Continue Reading
How to Buy a Lot
Despite this spring snowstorm, welcome to spring and the time of year when buyers shop for lots to build a new home on. However, not all lots are created equally so here is some advice based upon my years of experience as a residential land developer. First and foremost, I Continue Reading
Is it a Buyer or Seller’s Market?
As always, the answer to that question depends on the price range, location and condition of the property. But, there are some trends worth noting. New single family permits are down for the first quarter of this year, see accompanying chart. MLS listings are also down from Continue Reading
Preparing Your Home for the Spring Market
Anchorage has historically low inventory right now with only 463 single family homes for sale so if you’ve been contemplating selling your home, now is the time. PLUS, mortgage interest rates have just dropped to 4% for a 30 year fixed rate. Low rates put more Continue Reading
A Snail’s Pace for the Real Estate Market in 2019?
The Anchorage real estate market is off to a slow start in 2019. Active listings for Jan/Feb fell by 3.2% from the same time as last year. More importantly, closed sales declined by 15.60%. Whether that is because of continued lack of inventory or the current concern over Continue Reading
How Anchorage’s Property Tax Compares to Other Communities
According to the Alaska Department of Commerce, Anchorage’s mill rate of 16.4 is the second highest in Alaska. Only Fairbanks has a higher mill rate of 19.8. In Anchorage the tax on a $350,000 home is $5,740 and $8,200 on a $500,000 home, excluding any Continue Reading
Notes from the International Builders’ Show
Last week I attended the IBS Show in Las Vegas, along with Dwell Realty’s Marketing Director, Claire James. We came away with some new marketing ideas as well as design trends and a better understanding of the U.S. housing market. Like all conference attendees, and there Continue Reading
Test Your Real Estate Knowledge with a Quiz!
1. Did total gross dollar volume of sold residential listings increase or decrease between 2017 and 2018? A. Increase by 4.3% B. Decrease by 2.8% C. Increase by 1.1% 2. Did condo volume increase or decrease during the same time? A. Decrease by Continue Reading
A Look Back at 2018’s New Construction Stats
All the state and local economists have predicted Alaska’ recession will end the latter part of 2019. Let’s hope so for the sake of the new construction industry which has lost over 900 jobs in the past three years. This chart shows an average 22 percent decline Continue Reading
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Connie Yoshimura, Owner/Broker of Berkshire Hathaway HomeServices Alaska Realty.