February 2013

Found 5 blog entries for February 2013.

Living in Anchorage is, in a word, awesome.  We have the ocean on one side, the mountains on the other; it is just so beautiful.  We love it here, obviously, and love helping people find the home of their dreams.  But the problem is that Anchorage is running out of land to expand to; like I said, we have the ocean on one side and the mountains on the other.  It's a bit of a squeeze. 

homes for sale in Anchorage Alaska

A few weeks ago we reported that the value of homes in Anchorage are on their way upwards.  One reason why is a matter of scarcity.  A recent study by the Municipality of Anchorage examined the amount of residential land left in 2010 and compared it to the projected housing demand from 2010-2030.  One observation in the study shows that Anchorage has its work cut out for

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According to a recent report by the Alaska Housing Finance Corporation, housing prices in Anchorage are on their way up...and up and up. This is great news for current home owners and insightful news for anyone who is in the market, or considering getting into the market, of buying a new home. Anyone who buys today will not only have a beautiful new place to call home but will also be sitting on a great investment property. 

The Alaska Housing Finance Corporation’s report cites a study done last year by the McDowell Group saying that, over the next twenty years, there will no longer be enough property or land for the continually growing population of the Anchorage area. In the time-honored correlation of supply and demand, this means that property

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It’s snowing and the forecast for the next few days calls for more of the same.  It’s hard to imagine that spring is just around the corner.  Not only will spring bring more hours of daylight and warmer temps but it also ushers in the busiest time for real estate.  Experts are already predicting that this spring will be important for the industry because mortgage rates are still low and housing prices are creeping up in some areas.  Looking closely at your credit and financial landscape is a critical first step if you are considering a jump into the Anchorage, Alaska real estate market.

 

It is very important to know what is on your credit report before lenders view it.  Errors on your report can impact the interest rate you will qualify for and

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Homes in Anchorage AlaskaI read Alaska Journal of Commerce weekly business report every week.  Personally, I believe they do a great job reporting on most aspects of business and general economic topics of interest to Alaskan's.

For the week of February 10, there were several good articles on the real estate market, touching on a span of topics including home sales, prices, home inventory and new constructions.  I've reported similar information over the past couple of months.  

Alaska Association of Realtor, president Michael Droege says that year over year sales prices were up about 6.2 percent over previous year, or about $17,000.  The volume of real estate sales also grew approximately 8.5% over the previous year.

Read more by clicking here.

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Homes for Sale in Anchorage AlaskaWhen preparing their homes for sale in Anchorage Alaska, most people begin to look around and consider making some pre-sale improvements to help attract buyers. But what upgrades actually lead to a quicker sale, higher purchase price or best return on investment?

According to Remodeling Magazine's Cost vs Value Report 2013, the Pacific Region market, which includes Alaska, has the highest average remodeling project cost-value ratio – meaning costs of the projects versus the value they retain on resale.

The data indicates the top 5 projects of mid-range cost and % of costs recouped are:

  • Wood Deck Addition = 96.1% 
  • Entry Door Replacement (Steel) = 95.0% (drops to 84.6% if fiberglass)
  • Garage Door Replacement = 92.9%
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