Real Estate Information Archive

4 weeks into the new year and real estate sales in Eagle River Alaska are steady.  There was an initial rush of new homes on the market just after the first of the year.  Many of these homes had been previously listed and removed from the market during the holidays.  So, after this initial rush, the flow of new inventory has continued at a slow pace.  This good for sellers and buyers alike; the market remains stable.

The National association of Realtors came out with their latest number and the country saw a reduction in number of sales by 17% over last year at this same time.  They were anticipating the number to be closer to 10%.  This means that the housing recovery is going to take time.  I think everyone realizes this, they just wish it would happen sooner.

In Alaska, we're seeing the same steady market that we've seen in recent years.   I hear this quote just the other day "This market is an 'Opportunistic Market'; there are opportunities for buyer and sellers.  This is so true.  Values have remained steady on nice home, and homes that need work can be bought at a reduced price. 

Here are the numbers for Eagle River* Alaska residential sales:

• 15 New Homes on the market
• 5 Homes pended under new contracts
• 5 homes Closed

There are currently 96 homes being marketed in Eagle River.

• 73 existing homes
• 0 New Construction Complete
• 11 Homes under Construction
• 12 Homes To Be Built (not started)

The number of homes available offers some great opportunities to buyers and for sellers that have very nice homes.  The current homes range in price from $169,000 to $1,100,000. 

To find out what your home is worth visit www.ValueMyAlaskanHome.com.

To receive a list of the latest homes on the market in South Central Alaska visit www.EagleRiverHomesforSale.com!

*This representation is based in whole, or part, on data supplied by, and to, the Subscribers of Alaska MLS.  Alaska MLS does not guarantee, nor is it in any way responsible for, its accuracy.  Data maintained by Alaska MLS is for its own use and may not reflect all real estate activity in the market. 

The winter selling season is in full swing and we have entered the holiday season.  These two factors are showing in the current Eagle River real estate market activity.

Here in Eagle River the market activity* was consistent for this time of year. 

• There were just 3 new homes listed
• 5 homes pended(accepted offers)
• 2 homes closed (completed escrow contract)

The current number of existing homes available in Eagle River is dwindling, and in now down to just 59.  there are several new homes under construction however the few under construction will probably not be available until the January/February time frame. 

Information received from The Chugiak/Eagle River Chamber of Commerce shows local military personnel currently deployed returning in January.  There is also word that a new Battalion is being formed at Fort Richardson.  This could increase the population by as many as 5500 persons (not including families).  Current base housing availability is about 1200 units.  Not enough to accommodate the expected growth.

Housing availability in Eagle River will continue to be tight for the next 4-6 months.  Potential buyers may find themselves competing with other buyers for the best homes.  For helpful tips you may want to read the following report, "Eight Insiders tips for Home Buyers". 

*Based on information from AK MLS, Inc. for the period (date) through (date) but not compiled or published by AK MLS, Inc. Data maintained by AK MLS, Inc. may not reflect all real estate activity in the market. 

The 2009 AHBA Parade of Homes was held the last weekend of September.  The weather was nice and the 100's of people hit the streets to see the latest creations of the Anchorage Home Builders.  The total number of entries in this years Parade of Homes was 25.  These home were spread out across Anchorage and Eagle River.  They ranged in price from $199,000 to $1,800,000, and were situated in new subdivisions as well as older established areas that were being rehabilitated.

Last night was the awards banquet held in Builder's Millwork showroom.  The group assembled included builders, bankers, tittle companies, Realtors and their spouses.  The night was entertaining and food was great, but the main reason we were all there was to see who walked away with the hardware.  It is a great honor to win a ''Golden Hammer', showing that you are the best in your class (at least for this year).

I am very proud to tell you that two of the entries were located in Eagle River's Premier Subdivision, Powder Ridge.  The Harmony Town-homes, built by the Peterson Group, and a single family home built on Ezi View Circle by Nolan Homes, LLC.. 

In the single family homes priced from $300,000 to $500,000 the winner was "Nolan Homes, LLC.". The home on Ezi view won awards in the following categories:

• Best Exterior
• Best Design
• Best Interior
• Best Kitchen
• Overall Workmanship

And last but not least the home won the coveted

'Golden Hammer Award'

This years Parade of Homes was a great success, and I am glad that we were able to participate in it.  I was able to meet many of you that came through the home and hopefully we will be able to work with you in the future.  There is still time to start a new home this year and current prices and interest rates are added incentives.  For information call or text me at 907-360-7471.

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