Home Buying in Anchorage>Question Details

Homebuyer, Home Buyer in Anchorage, AK

Why is there only 5 homes sold in Anchorage this year ??

Asked by Homebuyer, Anchorage, AK Fri Nov 9, 2012

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Michael Droege’s answer
There were 203 homes that sold in the month of October. Sales volume was up 24.5% for the month and is up 12.7% for the year. Average Sales Price for the month was $341,774 up +6.57% and $334,825 year to date up +$.72%. Pending transaction were 229 in October up +44.9% Month to Date and up +19.4% for the year. Active Inventory was down -19.2% for the month and is down -1.8% for the year.

The basics of Supply and Demand will continue to push residential home values up for the balance of the year. The $300K - $400K unit sales are up +64.3% for the month of October and +22.6% Year to Date. $400K - $500K unit sales are up +32.9% for the year and the $500K+ Market is up 93.3% Month to Date and 32.2% Year to Date.

Our market is healthy and if we can normalize the lending criteria, the housing market will be fine. Our biggest issue is lack of quality inventory and lack of suitable building sites for new construction.
2 votes Thank Flag Link Fri Nov 9, 2012
As you can see you need to get a Realtor to assist you as we have access to all the multiple listing sales that a buyer can't access. Looks like you found a good one here.
0 votes Thank Flag Link Tue Jan 8, 2013
Trulia has 4 homes sold ???
0 votes Thank Flag Link Tue Jan 8, 2013
Good job Michael! Those are good stats.
0 votes Thank Flag Link Fri Nov 9, 2012
Well I can azure you there has been more than 5 homes have been sold. Expand your search.
Or give me a call at 907-715+2289
0 votes Thank Flag Link Fri Nov 9, 2012
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