Despite Alaska’s economic recession, more and more buyers are searching out and purchasing million dollar homes. A recent survey of past MLS sales between $800,000 and $1.25 million, revealed that 32 sold in 2016, 42 in 2017 and year to date 22 sold and 10 in pending status. Continue Reading
A Real Estate ‘True Confession’
I have been listing and selling real estate in Anchorage for almost forty years. It’s a job I love and will continue to do in the future. You would think after all those years of experience I would not make a simple mistake but I did. It has haunted me for the past several Continue Reading
What Does a Quarter Pounder and the Anchorage Housing Market Have in Common?
Well, according to the July issue of Alaska Economic Trends, the Juneau quarter pounder with cheese at $5.29 is the fourth most expensive burger in the U.S. The Anchorage burger at $5.02 fell out of the top ten and now ranks 11th. Mimicking the burger, Anchorage is also no Continue Reading
The Myth about Where Millennials Want to Live
Millennials, those born from 1981 to 1996, have been slow in embracing home ownership but much of that hesitation is now changing as they begin to marry and start families. Burdened by massive amounts of student loan debt, $1.5 trillion, according to national Continue Reading
Take Extra Step at Closing to Protect Privacy
Even though the state of Alaska is a non-disclosure state when it comes to the final sales price on a property, the statewide MLS purchase and sale agreement contains the following #23 clause pertaining to disclosure. 23) Authorization to Release Information to Continue Reading
Why Do Some Homes Not Sell As Fast As Others?
Today’s market is a very mixed bag when it comes to how fast a home will sell. Some homes sell within a few days of being listed while others languish. According to recent MLS statistics, the average time on the market for sold properties has dropped from 58 days to 49. But Continue Reading
Garage Space Versus Living Square Footage
In Alaska, everybody wants a garage and the bigger the better for that summer sports car, the motor home, the fishing boat, the wood working shop, gym, fishing gear, et cetera. But garages are expensive. On a price per square foot the sheet rocker, framer, painter, the Continue Reading
Summer Is a Good Time to Shop for a New Home
That’s because inventory always increases in the summer and this year is no exception. Plus, there are fewer buyers in the market during June and the first part of July because everyone is camping, fishing, kayaking, hiking, including entertaining friends and relatives Continue Reading
New Construction Activity Down in 2018
The MOA building safety report, which compiles all new construction activity requiring a building permit, was recently released for the first four months of 2018 and it is not good news for the construction industry. All construction activity is down 19.77 percent when Continue Reading
A Perspective on Our Current Housing Market
There was a time long ago between 1980 and 1984 when Anchorage had a record of 18,168 new housing starts. The real estate crash of the late 1980’s followed shortly thereafter and between 1985-89, permits dwindled to less than a thousand per year. During another up tick in Continue Reading
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