The Logan Team, Anchorage Alaska REALTORs
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Anchorage Alaska Real Estate Statistics for Month Ending March 31, 2018

The Logan Team
Anchorage Alaska REALTORS

The Anchorage Alaska real estate market stalled very slightly towards the end of 2017. The number active units has increased compared to last year, but with inventory being historically low there hasn’t been drastic impacts to prices. The average price has price for 2017 has increased in 2018, just showing inventory is still low enough to keep Anchorage Alaska housing prices rising. The increase in the interest rate has also had some impact on volume, but nothing significant. Anchorage Alaska homes for sale, priced between $275,000 and $500,000 carry a majority of the sales volume. While Anchorage Alaska real estate priced over $500,000 to $1M+ has the least amount of activity and has over 25 months worth of inventory. The $1M+ carrying the bulk of the inventory with 13.65 months worth of inventory.

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Anchorage Alaska Real Estate Market Snapshot

                                             March                 YEAR TO DATE

Anchorage Alaska
Single Family Homes


2017


2018

Ending
3/31/2017

Ending
3/31/2018

Active Anchorage Listings 584 705 1722 1955
Sold Listings 73 66 519 472
Days On Market     69 70
Average Sales Price     $350,053 $361,375
Supply of Inventory       3.02
Active Anchorage Short Sales   11    
Active Anchorage Foreclosures   14    
Sold Anchorage Short Sales     3 3
Sold Anchorage Foreclosures 24 14


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The condominium real estate market inventory has increased as well and pricing has fallen, based on standard supply and demand. The supply of inventory for condos has increased to 4.38 months, which is still a sellers market. The supply is calculated by taking current inventory and current rate of buyers buying and determining how long it would take to use that inventory of Anchorage Alaska Condominiums. Rule of thumb is if there is over 6 months, then it becomes a buyers market. The biggest supply of Anchorage Alaska condominium inventory is the $400K – $500K price point while the lowest inventory is at the price point of $150K – $170K.

                                                MARCH           YEAR TO DATE

Anchorage Alaska
Condominiums


2017


2018

Ending
3/31/2017

Ending
3/31/2018

Active Anchorage Condo Listings 710 747
Sold Anchorage Condo Listings 70 84 168 210
Days On Market     79 78
Average Condo Sales Price     $215,760 $206,667
Condominium Supply of Inventory       4.38
Active Anchorage Condo Short Sales   5    
Active Anchorage Condo Foreclosures   2    
Sold Anchorage Condo Short Sales      0 1
Sold Anchorage Condo Foreclosures 8 13

We are always asked by clients, friends, family and neighbors “How’s the Anchorage real estate market?” Our answer is usually about the overall market, but the more important answer is how the market specifically affects the person asking. Each Anchorage home or condominium has it’s own competition, price point, neighborhood and condition. After looking through the market information feel free to drop us an email, so we can provide you specific market information, based on your real estate goals. It’s a free service and it helps us learn the market and it’s much like receiving a bank state with your account balance.

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Municipality of Anchorage Alaska Homes
Detailed Reports

Anchorage Alaska Single Family Homes

Anchorage Alaska Homes for Sale – Supply & Demand

Anchorage AK Homes for Sale Average – Sales Price

Anchorage Alaska Homes for Sale – Number of Units

Anchorage AK Homes for Sale – Sold Market Analysis

Anchorage AK Homes for Sale – Active Listing Inventory

Anchorage AK Homes for Sale – Recent Trends

Anchorage AK Homes for Sale – Decade Trends

 

Anchorage Alaska Condominium

Anchorage Alaska Condominiums for Sale – Supply & Demand

Anchorage AK Condominiums for Sale Average – Sales Price

Anchorage Alaska Condominiums for Sale – Number of Units

Anchorage AK Homes for Sale – Sold Market Analysis

 

Eagle River Alaska Residential Supply & Demand


*This representation is based in whole or in part on data supplied by, and to the Subscribers of Alaska Multiple Listing Service, Inc.(AK MLS). AK MLS does not guarantee nor is it in any way responsible for its accuracy.

Any questions regarding the statistics or the buying process please let us know.

The Logan Team, Anchorage Alaska REALTORS
Herrington & Company, LLC
Working Hard to Earn Your Referrals
BestAnchorageHomes.com
Lonnie Logan, REALTOR

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