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Market Conditions in Anchorage : Real Estate Advice

  • All131
  • Local Info6
  • Home Buying35
  • Home Selling9
  • Market Conditions9

Activity 11
Sun Aug 27, 2017
Alan May answered:
There is no "normal" split. It's whatever the agent and the brokerage agree to.
0 votes 1 answer Share Flag
Wed Oct 22, 2014
Kristina Carlson answered:
Anchorage has been an appreciating market for over 20 years which shows how healthy the market is. It will fluctuate depending a lot on the projects and employment in Alaska, which I like to use as a benchmark. Anchorage has so many transient workers which produces the high turnover rate that helps the market stay competitive. Keep an eye out on the slope projects and military PCA's and that should give you an idea if people will be moving to or from Alaska! ... more
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Thu Oct 9, 2014
Terry McCarley answered:
Price per square foot isn't always a good way to look at fair market value. You could have 2 properties built the same year with the same square footage in the same neighborhood. One may be in original condition (dated) and the other could have been completely remodeled so the value of the homes would be totally different. ... more
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Thu Aug 21, 2014
Rowena Pediangco answered:
Its about less than 10 minutes away from the University. Contact me if you are planning to move to Anchorage. I can send you some available listings conveniently located nearby the University. ... more
0 votes 10 answers Share Flag
Mon Mar 24, 2014
Trina Pomeroy answered:
According to the information on the MLS Listing, the elementary school that is zoned for this property is Chinook, not Sand Lake. However, there is the possibility of a zone exemption if you prefer Sand Lake. Please feel free to give me a call or shoot me an email/text if you have any questions whatsoever. ... more
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Tue Jun 12, 2012
Broc Murri answered:
Hi Elizabeth,

Let me just say Keller Williams Realty is great. Call (907) 414-0683 and I will answere an other questions that may come up.
0 votes 5 answers Share Flag
Wed Jun 6, 2012
Broc Murri answered:
Db,

This is a great time for new constrution, Interest rates are low.

If you would like to search homes or land in your area contact me I would be glad to help you get that dream home started.

Broc Murri
(907) 414-0683

For a free search go to http://brocmurri.kwrealty.com
... more
0 votes 8 answers Share Flag
Mon Nov 28, 2011
The Anderson Group answered:
Rob- Thats a tough one given the price point. Depending upon what type of business you are looking at purchasing there are opportunities, they are just harder to come by. Anchorage has been fortunate to have a fairly stable economy in comparison to most cities in the lower 48. If you ar looking at purchasing a coffe/espresso business you can expect to pay between $35k-$100K+, a hair salon will run between $55K-$135K on the low end, and a pool hall around $75K +. An alcohol Licence alone can run $50K +. Feel free to contact me and we can discuss specifics. ... more
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Sun Aug 22, 2010
Kristian Pettyjohn answered:
In the Anchorage market the most common commission is 6%. Typically anything below 6% in our market is commonly called a "discounted service" or a "discount broker". As others have already explained, commissions are 100% negotiable though it is legal for offices to set standards that they won't allow their agents to go below a certain rate, say 5%. This of course in on a broker by broker case.

In Anchorage it is rare to see a 7% listing commission though they do come up from time to time. The idea is that the extra money will be an incentive for Realtors to show the property more and this may be the case.

5% commissions are most often found on short-sales in the Anchorage market, where the seller is literally in pre-foreclosure if you would and is asking the bank to forgive some debt. This over all may bring the averages down, though it is more typical to see a "full-service" listing in Anchorage at 6%.

One last thought on this one. If when you are interviewing an agent they quickly drop their commission in order to get the listing I would seriously question the negotiating skills of your Realtor. You see, if a Realtor is that quick to give up their own personal money (especially when the average Realtor in Anchorage does only 2-3 transactions per year in Anchorage) then how much quicker will they give up your money when it is on the table.

I would rather you find a great Realtor that you pay perhaps a little more and is much more skilled in negotiating and will potentially save you much more money. Just food for thought.

If you have any other questions let me know. You can check out more local information at our team's site, AlaskaHomeSearch.com.

Warm Regards,

Kristian Pettyjohn
Realtor
(907) 830-9345
Keller Williams Realty
... more
0 votes 4 answers Share Flag
Sun Aug 22, 2010
Kristian Pettyjohn answered:
Hello Runner,

I like your creative thinking! Yes, I think this is very viable. Anchorage has one of the strongest rental markets in Alaska, in fact I was just talking with a long term Alaskan investor the other day who owns many units here in town in a similar situation as you. He actually lives in California for most of the year and comes into town from time to time. He was telling me that in the last 5 years he has never had a vacancy longer than 5 days and the kicker is that he doesn't even use a property management company!

He simply puts in on craigslist and because so many people are always in and out of Anchorage with the military, the oil industry, and tourism he never has had rental issues. Now of course you could and may want to hire a property management company, this is all find and well.

Paragon does great work, Kris Abegg is the owner over there. Also, I have heard Johnson Property Management does great work as well.

Let me know if I can help you with anything else. Interest rates are so great right now I think you are wise to be thinking investment property. You can check out some investment properties at your leisure on our team's site, AlaskaHomeSearch.com.

Cheers!

Kristian Pettyjohn
Realtor
Keller Williams Realty
907-830-9345
... more
0 votes 5 answers Share Flag
Mon Dec 24, 2007
Julianne Sawinski asked:
what is the address to send stuff to the guy with the three year old and the fire???
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