Real Estate Information Archive

Have you been waiting to see what's new in home building?  What are the builders and designers using this year?  Will the homes be as nice as what you see on TV at HGTV?

The answer to these questions and many more will be answered this weekend September 26th, 27th, and 28th.  It's time for the annual AHBA Parade of Homes.  There will be several homes showcased this year in Eagle River.  We have two homes in Powder Ridge.  Nolan Homes, LLC. will be opening a wonderful home on Ezi View Circle.  This will be the last time to see this amazing property, unless you're invited by the new owners.  They move in next Wednesday.

I would invite you to come by and see the Nolan Home in Powder Ridge.  While there take time and look around the subdivision to see the available home sites.  Now is great time to build a new home.  Inflation may start taking hold as the country begins its slow recovery from recession.  Interest rates are holing low, and if you want to sell you existing home there is very little competition on the market.  See my previous posts on this subject.

Come by and visit, Saturday 12-6, Sunday 12-6, and Monday 5-8.  Please vote online at AHBA.net for the people's choice award.

What's happening in the Eagle river Market this week?  that is a question I keep getting asked and  I have a great answer, but before I going to the weekly numbers I would like to share with a conversation I had Saturday evening at the Annual Chugiak/Eagle River Chamber of Commerce fund raiser.

I know I'm name dropping, but so would you, and this is Alaska.  My wife and I were looking at all the very cool items in the silent auction and we had the opportunity to speak for several minutes with Senator Mark Begich.  We exchange pleasantries and I asked Senator Begich about is real estate license, he has been a Realtor for many years.  Our conversation revolved around what was going on around the country.  The Senator shared with me information that he had obtained that showed new housing starts around the country were increasing.  He also shared with me what he had seen as he drove across the country on the way back to Alaska. 

The Senator had seen many small towns languishing in this recession, a stark contrast with our local economy.  We are very lucky that our local economy has fared very well in the recent down turn.  I shared the status of our local market and it is good.  It was a great evening and I really enjoyed myself.

Here is what I shared with Senator Begich:

The Eagle River residential market showed healthy signs again last week.  Ten (10) homes went under contract (pended), eight (8) new homes came on the market, and five (5) homes closed.  The average sales price in Eagle River is $330,000 and the average market time of the sold homes is 73 days over the last quarter.  Active homes still on the market show an average of 113 days on the Market (DOM).  With only 157 homes available for sale and 20 of these homes not built, there is a limited supply in most price ranges. 

Chugiak has a little better supply of homes with 57 currently available.  Two (2) homes pended, one (1) new home was listed, and one (1) home closed.  The Chugiak/Peter's Creek area still provides some of the better values for this area with many of the homes situated on larger parcels of land.

Well that it for this week, if you have questions about what going on or would like help in any real estate matters give me a call or send an e-mail.  Remember this, Real Estate is Local, and Locally we have it pretty good.

What's happening in our market this week?

The weather in South Central Alaska has continued to be mild and with very little rain.  A nice fall, with lots of color in the hills.  As you all know I was not here last week, but I did review the number for the area and I think that many people were out enjoying the extended Labor Day weekend.  Here is a breakdown of what happened.

Eleven (11) new homes came onto the market, six (6) homes went under contract (pending), and eleven (11) homes transferred title (closed).

This weeks feels about the same, although I do not think there will be as many new listings.  The rental market also continues to be very tight, with a very limited supply of homes to choose from.  Current inventory in Eagle River of homes for sale is just 164.  At the end of August there was 184 homes available, and last year at the end of August there was 221 homes available.  This places limitations on perspective buyers.  When you extract the un-built new homes it leaves just 133 homes across all price ranges.

If you are thinking about selling a home, now would be a great time.  Make sure that your home is in excellent condition and it will most likely sell quickly when price accurately.

If you have not signed up to receive new listings updates please visit www.eagleriverhomesforsale.com.  You will receive updates for Homes, land, and recreational property based on the selections of your choosing.

Sorry I have written anything in the last week, I was up north or Delta Junction on the Good Paster River.  It was quite the adventure and a great trip in a very beautiful and remote part of Alaska.  According to my estimates we made it about 75-80 mile upstream from the Big Delta Landing on the Tanana River.  

We started out last Saturday evening and drove 320 miles north to Big Delta and launched our boat into the Tanana River.  From there we travelled 5 miles upstream in the fog to the Good Paster River.  This was fun and thought I would be able to find the mouth of the Good Paster fairly easily with the help of my GPS.  Unfortunately my GPS chart plotter had no record of the Good Paster in the memory file.  I had reviewed the google maps online so this helped me find the mouth.

The next stretch of river was very twisty and with 150 gallons of fuel on board we made our way up stream.  A little over 2 hours later and 45 gallons of fuel lighter we made to 6 miles above the south fork and found a nice gravel bar to camp on.  We set up camp there and got comfortable.  It was truly beautiful and very hot, it must have been 65 every day.  

The next couple of days we ran up and down the river, some times in the river and sometimes, like the day we ran into a raft coming downstream, we ended up in the wrong channel and high and dry.  In the week up on the Good Paster the river slowly dropped a little over a 1.5 feet.  It got really shallow.  On the way out we rubbed the bottom several times, and there were miles of river that we ran in only 3 to 4 inches of water.  One mistake and it was going to be a long was before we could get back on step.  

I learned a lot about what my Wooldridge could do in shallow water situations, as well as my driving skills.  At least one high and dry espisode was due to sun glare and missing the ripples in the middle of the river. Oh well, it was a lot of fun and what was supposed to be a hunting trip turned into a great camping trip.