Eagle River Market update July 16, 2009
7/16/2009Here is a brief over view of the Eagle River Real Estate Market. In the last week we experienced some very nice weather, and the annual bear Paw festival was underway. What we saw was a slow down in sales as well as new listings on the market as people took time out to have fun.
The overall inventory levels fell slightly as fewer homes came on the market and nine homes closed successfully. there have been several pending properties this week and I see many Realtors out showing property.
The strongest sales activity has been under $350,000. However, I have seen several buyers looking at homes in the upper $400,000.
Interest rates continue to be steady, ranging from 4.75% for 15 year mortgage to 5.375% for a 30 year mortgage. Please contact Aaron Gray at Homestate Mortgage, (907) 689-6456, for more information on available rates and programs.
The Eagle River real estate market continues to hold steady. Please fill free to make comments, or call me at (907) 360-7471 with questions.
Eric Bushnell Comment