Open Houses in Anchorage and Eagle River Homes for Week Ending 6/3/2018

Open Houses in Anchorage and Eagle River Homes for
Week Ending 6/3/2018

Anchorage and Eagle River Alaska Homes for sale on Open House for the week ending 6/3/2018.  These Anchorage open houses are posted on the Anchorage Alaska MLS (Multiple Listing Service) and include all active members within the Alaska MLS or AlaskaRealEstate.com network.

Open Houses in Anchorage & Eagle River

The Logan Teams services are always FREE when purchasing an Anchorage Alaska home. Search BestAnchorageHomes.com for Anchorage Alaska investment property, homes and condominiums for sale.

GOOK LUCK! and remember put on your poker face when visiting Anchorage Alaska homes on Open House.  The Anchorage Alaska REALTOR holding the open house often represents the Owner.  It's best to have your own buyer representative, negotiate the best price and terms when purchasing.  To learn more about Buyer Representation here's some more information from the State of Alaska Real Estate Commission.

You can also learn a little more about the buying process by sitting down with us for a consultation or reading through the buying process.

FUN REAL ESTATE STATISTICS

An annual survey conducted by the NATIONAL ASSOCIATION OF REALTORS® of recent home buyers and sellers provides insight into detailed information about their experiences with this important transaction. Here are highlights from the latest report.

• At 31 percent, the primary reason for purchasing a home was the desire to own a home of their own.
• First-time buyers made up 35 percent of all home buyers, an increase over last year’s near all-time low of 32 percent.
• Eighty-eight percent of buyers recently purchased their home through a real estate agent or broker.
• Eighty-eight percent of buyers would use their agent again or recommend their agent to others.
• Only eight percent of recent home sales were FSBO sales again this year. For the second year, this is the lowest share recorded since this report started in 1981.

Lonnie Logan, Associate Broker
(907) 903-1221
lonnie@bestanchoragehomes.com
BestAnchorageHomes.com
HomesForSaleInAnchorage
AnchorageNewConstruction.com
LonnieLogan.REALTOR

Anchorage Alaska Real Estate Statistics Period Ending 3/31/2018

The Logan Team Anchorage Alaska REALTORS

Residential Homes

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.

Anchorage Alaska Real Estate Market Snapshot - Residential Housing

Single Family Homes	2017	2018	Ending 3/31/2017	Ending 3/31/2018
Municipality of Anchorage
Active Listing	584	705	1722	1955
Sold Listings	73	66	519	472
Days on Market
Average Sales Price			$350,053	$361,375
Supply of Inventory				3.02
Active Short Sales		11
Active Foreclosures		18
Sold -Short Sale			3	3
Sold - Foreclosure			24	14

Condominiums

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.

Anchorage Alaska Real Estate Market Snapshot - Residential Housing

Condominiums	2017	2018	Ending 3/31/2017	Ending 3/31/2018
Municipality of Anchorage
Active Listing			710	747
Sold Listings	70	84	168	210
Days on Market
Average Sales Price			$215,760	$206,667
Supply of Inventory				4.38
Active Short Sales		5
Active Foreclosures		2
Sold -Short Sale			0	1
Sold - Foreclosure			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

Facebook Alaska Real Estate

ZILLOW Reviews
 

Flag Protocol

The American flag is obviously a symbol of our country but it has come to remind us of every man and woman who has fought for the freedom that we enjoy. The emotions that are stirred by images of our flag can run from happiness to sadness to trust and everything in between.

Most of us learned American flag etiquette or the Flag Code when we were young but occasionally, it is a good idea to review the guidelines so that the flag is treated with the respect it deserves.

• The U.S. flag should not be flown at night unless a light is shown on it.
• The U.S. flag should not be flown upside down except as a distress signal.
• The flag should never touch the ground.
• A U.S. flag should be displayed at the peak of the staff unless the flag is at half-staff in mourning.
• When displaying multiple flags of a state, community or society on the same flagpole, the U.S. flag must always be on top.
• When flown with flags of states, communities, or societies on separate flag poles which are of the same height and in a straight line, the flag of the United States is always placed in the position of honor - to its own right. No flag should be higher or larger than the U.S. flag. The U.S. flag is always the first flag raised and the last to be lowered.
• When the U.S. flag is flown with those of other countries, each flag should be the same size and must be on separate poles of the same height. Ideally, the flags should be raised and lowered simultaneously.

More information on flag etiquette can be found at the Veterans of Foreign Wars website.

Second Guessing Price

Imagine a homeowner consulting with their agent about the price to place on their home. The agent suggests that the market data indicates that $200,000 to 210,000 would produce a quick sale by pricing it properly. The owner puts a $210,000 price on the home.

The first person who looks at the home offers $205,000. When the seller receives the offer, he comments that he thinks he priced the home too low and counters for  full price. The counter-offer is rejected, the home stays on the market and at the end of the first month when based on market conditions, the home should be sold, no other offers have been made.

It may be human nature that when an offer is received so quickly, the first thought to come to mind is that it was priced too low. A more appropriate thought might be that it was priced correctly. In some cases, when a home comes on the market, there is increased competition (real or perceived) among the buyers waiting for the "right" home to come on the market. The home can sell for a higher price than if it sits on the market for several months.

There may be stories of sellers who turned down the first offer and ended up receiving a better offer that would net more money. However,  real estate professionals say the first scenario occurs frequently.

The wisdom of experience advises owners to find a real estate professional that they trust and have confidence. Allow that professional to become familiar with your home and compare it to similar homes in the market that have sold recently and ones currently on the market. Determine the demand for homes in the area compared to the inventory. Decide on a price that will allow the home to sell within a relatively short period of time. And lastly, be satisfied if your home sells quickly near the price you put on it.

Anchorage and Eagle River Alaska Open Houses Week Ending 5/20/2018

Anchorage and Eagle River Alaska Open Houses Week Ending 5/20/2018

The Logan Team Anchorage Alaska REALTORS
Open Houses Week Ending 5/20/2018

Open Houses in Anchorage, Eagle River and Surrounding Area


The Logan Team services are always FREE when purchasing an Anchorage Alaska home. Search withAnchorage AlaskaREALTORs on BestAnchorageHomes.com for Anchorage Alaska investment property, homes and condominiums for sale.

GOOK LUCK! and remember put on your poker face when visiting Anchorage Alaska homes on Open House.  The Anchorage Alaska REALTOR holding the open house often represents the Owner.  It's best to have your own buyer representative, negotiate the best price and terms when purchasing.

To learn more about Buyer Representation here's some more information from the State of Alaska Real Estate Commission. You can also learn a little more about the buying process by sitting down with us. A free no obligation consultation to educate you before jumping in.

Lonnie Logan, Associate Broker
lonnie@bestanchoragehomes.com
(907) 903-1221

BestAnchorageHomes.com
HomesForSaleInAnchorage.net
AnchorageNewConstruction.com
LonnieLogan.REALTOR