Trends with Anchorage Alaska Real Estate: Housing Market Rebound

Posted by Dan Wolf on Monday, November 30th, 2015 at 8:10am.

New home sales are back to the roaring levels seen in 2008, according to a recent piece by CNN Money. When selling your Anchorage, Alaska real estate property, the key is to compete with trends in new construction as well as appeal to the typical home buyer. One of the biggest changes is the fact that the median age of a home buyer has increased from 35 in 1985 to age 39 in 2005 and now age 43. Home sellers in Anchorage, Alaska, can make a few improvements to their homes to appeal to the baby boomer home buyer in his or her 50s and 60s as well as middle-aged buyers in their 40s.

Work with the space you have

People buying new homes in Anchorage will likely find more space since builders are construction larger homes.Sell my Anchorage Home.  What is my home worth? The average square foot of an American home went from about 1,800 square feet in 2000 to 2,200 square feet, based on data from the National Association of Home Builders. Instead of spending money on home additions, consider hiring a professional to stage your Anchorage Alaska real estate property. Some staging ideas include removing bulky furniture pieces, letting in more natural light and deep cleaning the space so potential buyers focus on what the home as opposed to what it does not have in terms of space.

Add or improve a bathroom

One easy home improvement to make is a bathroom addition. To compete with new home construction, it is important to have at least two bathrooms. With larger homes, many buyers expect at least three or four bathrooms. Talk to a general contractor about where a new bathroom would fit or spend money decorating the bathrooms you already have.

Other real estate trends affecting the Anchorage, Alaska real estate market includes the boom in multi-family homes as more people become real estate investors or buy rental properties in Anchorage. At Wolf Real Estate, we can help you buy or sell real estate property in Anchorage Alaska. For more information on Anchorage Alaska real estate trends, please contact us at (907) 248-9653 or visit us online at www.anchoragehomesearch.com!

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