Eagle River Real Estate Market update 9/18/2009
9/18/2009What'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.
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