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
Lessons Learned from a Condo Association Tragedy
The Florida Surfside condo building’s collapse is a real estate tragedy with 98 lives lost. Alaska doesn’t have any twelve story, 136 unit condo buildings located on a barrier island but there are lessons any condo owner or community board member can learn Continue Reading
Advice on Home Inspections
As a real estate broker, it is my responsibility to approve termination agreements. Unfortunately, I am signing far too many as a result of buyers and sellers’ failure to come to terms over home inspection repairs. Both buyers and sellers enter into a Continue Reading
Disruptions in Today’s Real Estate Market
In my forty years of residential real estate sales, I have yet to meet a buyer or a seller who was not well intended when it came to buying or selling a home. However, fast forward to today, when the repercussions of the Covid pandemic are disrupting every Continue Reading
Home Prices Reach Record High
Anchorage’s average sales price rose to $428,313 for the first half of 2021 with a 7.95% increase. Even higher was May’s average sales price of $458,580 which was the highest monthly price since January 2013. No crystal ball at the end of 2020 would have Continue Reading
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Connie Yoshimura, Owner/Broker of Berkshire Hathaway HomeServices Alaska Realty.