Look for homes for sale in Anchorage Alaska before they're all gone
by Dan Wolf
on Thursday, February 28th, 2013 at 11:52am.
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.
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 it:
Without increasing the current level of housing density and increasing the rate of redevelopment, the Anchorage Bowl will lack land for about 8,900 of the projected new housing units, or about half of expected demand.
Something else to consider: The rental vacancy rate in Anchorage is around 2%; a little above or a little below depending on who and when you ask. When you consider that the national average for rental vacancy rates is 9%, you can see that the second someone leaves a rental space in Anchorage, someone else is pretty much right there to start renting it again. Basically, everyone wants to live here, and the amount of space to house them is historically low, and doesn't look to improve in the future.
Luckily, we're up to this sort of challenge. We're ready to get you into a great Anchorage home, which you may want to do before the rest of the mass migration fills the city to capacity. When you're ready, feel free to contact us.