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 & DemandAnchorage 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 & DemandAnchorage 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
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