Update for the Eagle River Market
12/12/2008December has arrived in Alaska, the temperatures are going down. -8 degrees this morning and the current temperature has warmed up to 9 degrees. You would think this would discourage buyers, but no, several were here this morning ready to start the day.
We have seen several pending sales in recent days. This means agreed contracts. Our inventory levels are dropping as is expected this time of year. The good news is that there are less homes on the market now then at this time in each of the two previous years.
The selection for buyers is still good, but it is dwindling. Interest rate dropped to 5% this week. This means that the buyer can get a better payment than last month, or they can buy a little more home. Interest rates have dropped over 20% since earlier this year.
The weather may be cold out there but the market is warm in Eagle River, Alaska.
Call me today for more information.
Eric Bushnell- 907-360-7471
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