Area Real Estate News & Market Trends

You’ll find our blog to be a wealth of Anchorage real estate information, covering everything from local market statistics including many Alaskan towns such as Anchorage, Girdwood, Eagle River, Chugiak, Wasilla, Palmer, Kenai, Homer and more! Learn about Alaskan home values to community happenings. That’s because we care about the Alaskan community and want to help you find your place here whether you are relocating to Anchorage, Fairbanks or the Kenai Peninsula!  Please reach out if you have any questions at all. We’d love to talk with you! 907-720-HOME(4663)

Feb. 27, 2018

Anchorage, Alaska Real Estate Statistics

Anchorage, Alaska Real Estate Statistics 

In December of 2017, there were 199 home sales in Anchorage, compared to 246 in December of 2016. Average sales price decreased slightly, from $366,211 to $365,023. Sales to list price of 98.26% with average DOM (days on market) of 117 days is a strong indication that we are still experiencing a seller's market. For more information, contact me at 907-720-4663. 

 

Thinking about Buying or Selling in Anchorage, Alaska? Give us a call today 907-720-4663. 

Posted in Market Updates
Feb. 27, 2018

FUR RONDY SCHEDULE OF EVENTS 2018

FUR RONDY SCHEDULE OF EVENTS 2018

 

Fur Rondy is the nation's premier winter festival. Since 1935, Rondy has proudly represented the pioneering spirit of Alaskans, offering wild and wacky fun for all ages. 

The Fur Rendezvous winter festival – known locally as Fur Rondy or "Rondy" – is a significant part of the Anchorage's history and tradition. In the mid-1930's, Anchorage was just a small town of about 3,000 people that stretched between Park Strip and Ship Creek. There were no televisions, malls or movie theaters, no video games, ipods or computers, not even an Iditarod! Winters could be brutal and stoking fires, shoveling snow and surviving the elements was a basic daily pastime for some in those days.

Vern Johnson, the father of Fur Rendezvous, was a likeable, outgoing Anchorage citizen with a keen understanding of social conditions. He and his friends decided to establish a 3-day winter festival that would coincide with the time that miners and trappers came to town with their yield. It began as a sports tournament, Feb. 15 - 17, 1935,  and featured skiing, hockey, basketball, boxing and a children's sled dog race down Fourth Avenue. Nearly the entire population of Anchorage turned out for the bonfire and torchlight parade. 

Since then, the Fur Rendezvous has earned national and international notoriety, and visitors from throughout the world descend on Anchorage every February to attend the 10-day festival.

Despite the passage of time and a multitude of modern diversions, Fur Rendezvous remains a highly anticipated time of year. Many events have withstood the test of time and continue to maintain their unique character. The Official Rondy Fur Auction has been a staple since the beginning. Given that the fur trade was Alaska's third most valuable industry in those days, incorporating the industry into the celebration was a logical idea.

The Blanket Toss, an ancient Alaska Native tradition, joined the festival in 1950. Native Alaskans were flown into Anchorage from Nome and the Little Diomede Islands to participate in the Blanket Toss and showcase their captivating tribal dances. The World Championship Sled Dog Race debuted in 1946 and has become the cornerstone event of the festival, bringing teams of sled dogs and mushers to Anchorage from across Alaska and all over the world. 

 

Other crowd-pleasing events include the Rondy Carnival, Grand Parade, Outhouse Races, Snowshoe Softball and Running of the Reindeer – a mellower version of Pamplona’s Running of the Bulls and much more.

 

DATA SOURCE: http://www.furrondy.net/events/schedule

 

 

 

 

Feb. 27, 2018

Home Buying Wants Versus Needs

WANTS  VS NEEDS

 

When making a purchase as big as a home purchase is, it’s important to differentiate needs vs. wants. There’s a saying that goes something like, “if you want it all, you might end up with nothing at all.” The biggest reason for this is BUDGET. Depending on your budget, your qualification amount and how much you want to spend on mortgage payments, dividing your needs and your wants will benefit you in the long run. Below are a list of items that can be classified as “needs” and “wants.”

 

Needs are things that are non-negotiable and things that cannot be easily changed over time, such as:

-Number of bathrooms          -Yard size        -Neighborhood, safety and schools

-Number of bedrooms            -Square Footage         -Garage/storage area

 

Wants are things that you’d like to have and could be changed over time, such as:

-Landscaping                           -Hardwood Floors       -Newer Windows

-Latest paint trend                  -Remodeled Kitchen   -Remodeled Bath

 

Happy House Hunting!

 

 

 

If you are looking for a House in the Anchorage, Alaska area, call us for showings, 907-720-4663.

Jan. 11, 2018

Pros and Cons of Buying a Short Sale. Anchorage, Alaska Real Estate Tid Bits

What is a Short Sale? Pros and Cons of buying a Short Sale Property

Anchorage, Alaska Real Estate

 

What is a Short Sale? 

short sale is when the proceeds of a property is less than the lien amount. In other words, the proceeds of the sale fall short of the total amount owed to the bank (lien holder) and the lien holder agrees to release the real estate for the lesser amount because the homeowner cannot afford to pay the mortgage.  A short sale is often a popular alternative to foreclosure. Most short sales are done through a third party, usually a Real Estate Professional. In most short sale cases, homeownersare facing a financial hardship and have to prove their hardship to the lienholder.

 

Pros of a Buying a Short Sale:

-The biggest advantage of buying a short sale is PRICE. Short sale listings are typically listed below market value which provides a buyer great opportunity to purchase a home with intant equity.

-Short Sale Listings tend to be in better condition than Foreclosed Homes.

  

Cons of Buying a Short Sale:

-The biggest disadvantage of buying a short sale is TIME. Short sale buyers must be patient because third party (lienholder) approval is required after the seller has accepted an offer on their home.

-The Home is ususally sold As-Is.

-There are no guarantees that the home buyer will get to close on the home, even with months and months of waiting. 

 

Every short sale situation is unique and every negotiator for each short sale is unique so it's hard to predict the outcome of these sales.

The best way to go into buying a short sale is to NOT get emotionally attached to the home. And although I discourage my buyers from looking at a home purchase purely for financial reasons... it is almost encouraged to think of a short sale in that way.

Consider how much time your family has to wait on a home and how much time you consider reasonable. Never ever put your hopes on a short sale home. Once buyers get emotionally invested in ashort sale, it can be hard to make pracitical decisions which can affect your ability to do what is best for your family.

 

Some questions to ask the listing agent:

1. How far along are you in the short sale process?

2. Has the bank approved a certain listing amount?

3. Has any paperwork been submitted to the bank?

4. Is there a foreclosure sale date set?

5. Is the seller willing to do repairs?

 

Good luck to you and your family in this exciting time in your life!!! Happpy Home Hunting!

Jan. 10, 2018

Curious About Local Real Estate? We are your Anchorage Real Estate Experts

Receive the Latest Local Market Stats

Curious about local real estate? So are we! Every month we review trends in our real estate market and consider the number of homes on the market in each price tier, the amount of time particular homes have been listed for sale, specific neighborhood trends, the median price and square footage of each home sold and so much more. We’d love to invite you to do the same!

Get Local Market Reports Sent Directly to You

You can sign up here to receive your own market report, delivered as often as you like! It contains current information on pending, active and just sold properties so you can see actual homes in your neighborhood. You can review your area on a larger scale, as well, by refining your search to include properties across the city or county. As you notice price and size trends, please contact us for clarification or to have any questions answered.

We can definitely fill you in on details that are not listed on the report and help you determine the best home for you. If you are wondering if now is the time to sell, please try out our INSTANT home value tool. You’ll get an estimate on the value of your property in today’s market. Either way, we hope to hear from you soon as you get to know our neighborhoods and local real estate market better.

Posted in Market Updates
Jan. 10, 2018

Tips to Sticking to Your NEW Years Resolution

A New Year. New Resolutions. Tips to sticking to them!

A New Year. New Resolutions. Tips to sticking to them!    How many of us are excited around this time of year, not just for the upcoming holidays but also for a new year, a rebirth almost? We make New Years Resolutions with the best of intentions, hoping, praying that we'll stick to them whether they are for better health, more education, working towards a raise, spending more time with loved ones, being a better parent, the list goes on and on and on....

We never intend on breaking our resolutions. No, promises are not meant to be broken. That's basically what a New Year's Resolution is-a promise we make to ourselves. But with the stress and busy-ness of life, we all too often forget about our resolutions. I often ask myself, if I had kept my New Years resolution each year, would I be a better person? Would my children have a better mother? Would my business be more successful? In no way can I regret the years that have passed. I'm not able to go back in time to redo anything so I found some tips and solutions to keeping my New Years resolution and I hope that this helps you as well.

Tips to keeping your New Years Resolution:

1. Be Realistic about your resolution.  Think long term and short term. Break your goals up into smaller achievements. Set a timeline in which you want to complete each goal until you reach your long term goal (the big picture).

 

2. Focus on one resolution at a time. It's much easier when you can focus on one change rather than 10 different changes so cut yourself some slack and work on one thing at a time. 

 

3. Use positive language rather than negative demands (wikihow.com). Highlighting the benefit of your resolution can be more motivating than focusingin on the negative reason why you should change. 

 

4. Get some support. This is a very important one not just because moral support is important but also because telling others about your goal(s) holds you accountable. =) Telling others about your resolution can also help motivate them to boost their resolutions. 

5. Review your progress. Keep a journal. Write it in daily, weekly, bi-weekly...whatever works best for you. Writing down your progress gives you a clear picture of where you started, where you are presently and where you want to be. 

6. Celebrate!!! Always remember to celebrate your success. However, make sure that the way you celebrate doesn't go against your resolution. 

 

I hope you all have a wonderful, joyful, successful 2014 filled with lots of love, family, laughter and HUGS!!!

 

IF BUYING A HOME OR SELLING YOUR HOME in ALASKA IS ONE OF YOUR GOALS,  Call 907-720-HOME(4663)

 

SEARCH ALASKA MLS RIGHT NOW!      SELL YOUR HOME!

 

FIND OUT THE VALUE OF YOUR HOME!