Anchorage Alaska Real Estate is Rebounding Nicely

Posted by Dan Wolf on Thursday, January 31st, 2013 at 8:39am.

Anchorage Alaska Homes For SaleI mentioned in this blog, just a few weeks ago, how the outlook for 2013 was pretty good for the Anchorage Alaska real estate market.  In that entry, I mentioned a number of factors that makes us all a bit optimistic for the year to come.  Recently, though, I've come across a pair of articles telling us further that the Anchorage market is in pretty good shape.

According to an article published in the Anchorage Daily News on January 26th, we saw a fairly stable year in terms of residential real estate sales.  Despite having fewer units for sale than in 2011, most neighborhoods saw a net gain in numbers sold and in average sales price.

Of course, one thing to bear in mind as you look at the handy graph they have in that article is that Anchorage isn't the largest of markets, and it might be easy to overreact to some of the numbers.  I have to say that I didn't like seeing a -32% change from 2011 to 2012 for the "Post Rd - Glenn Hwy" neighborhood in the amount sold.  Of course, if you look just to the left of that and see that it's the difference between 25 sold in 2011, and 17 sold this last year.  Much more heartening is the nine neighborhoods that saw double digit growth in the amount of units sold, and all of those neighborhoods are much larger.

It's also a bit encouraging to see a general rise in sale prices; all but two of the neighborhoods featured in the article saw a net increase in sales prices over 2011.  This seems to indicate that property values are on the rise, which is confirmed by comments made by the city tax assessor in the Anchorage Daily News January 14th edition.

According to Marty McGee, the city tax assessor, multi-family homes like duplexes, triplexes and fourplexes, saw their values rise by 5-6% this past year, while other residential units saw a general 1% rise in value.  Considering that a home is often a family's single largest investment, it's always good news when the value of that investment continues to rise.

Of course, we here at Wolf Real Estate Professionals are looking forward to this big 2013, and I hope you are too.  For all your Anchorage real estate needs, please contact us.

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