Feb 25, 2016

Anchorage Real Estate Market Update January 2016

Before I get started going through the statistics of the Anchorage residential real estate market (including Girdwood an Eagle River) I want to discuss what numbers and data don't tell us.  The data doesn't tell us the tale of two markets
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Market A: Homes that are priced right, easy to show, have all the financing options buyers are looking for, and show well.

Market B: Overpriced and buyers don't see it as a deal and in every market every buyer is looking for a deal, hard to show because the seller wants to change the showing time or they are present during the showing, only cash and conventional financing,  does not show well because it's dirty or decorated poorly.

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Comparing January 2016 versus January 2015, sales were down 19% and active inventory was up 12%.  I already have my pulse on the February market data and although I won't present the numbers today since we have a few more days to close and record on sales for the month of February, I can hint at the fact that January was not an anomaly.