Eagle River Market Report
11/3/2009I was very surprised this morning when I reviewed the current homes listed for sale in Eagle River. The number of homes has been slowly diminishing as we moved into the fall selling season, which is reverse of what we normally see.
If you are looking for a home; the number of home you could visit got much smaller this week:
- Only 91 homes are on the market available for sale.
- There a few new homes being built, but not the number need to keep the market balanced.
- This last week there was only one new home listed for sale and 7 homes went under contract.
Several homes left the market; at least one was a higher priced home and there is very few buyers above the $700,000 mark. These sellers are waiting for spring.
Good news out there about the First Time Home buyers tax credit:
- It appears that Congress is about to pass some type of extension that may allow you to purchase a new home and receive the credit, as long as you buy a house before next April.
- There appears to be two versions of the bill, one in the Senate and one in the House.
- They will need to get together and come up with something they both agree on.
- It does appear that they may have a meeting of the minds before Thanksgiving.
From what I see there are more people moving to Eagle River in the coming months. My estimate is 35-50 new families are currently on their way to Alaska and will be in in January and February. You might want to sell your home and move into something more fitting for you.
I have two websites that can assist you.
For Sellers- www.ValueMyAlaskanHome.com
For Buyers- www.EagleRiverHomesforSale.com
Feel free to comment ont his post here or text me at 907-360-7471.
Eric Bushnell Comment