Some of These Fish Facts May Surprise You

Today I’d like to take a break from talking about the market. Instead, I’m bringing you some interesting fishing facts.

There are many great Anchorage area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (907) 865-6404 for a FREE home buying or selling consultation to answer any of your real estate questions.

This week we wanted to do something a little different. 

Instead of talking about the market, today we’re going to talk about some fishing trivia. 

Did you know that when salmon spawn, they travel 1,900 miles up the Yukon river to do so? Additionally, Alaska is home to five different species of salmon: the King, the Coho, the Sockeye, the Chum, and the Pink. 

Of all of these, and of all Pacific salmon in general, the Pink is the smallest. And the Chum has one of the widest ranges of all Pacific salmon and can be found throughout the world including here in Alaska, but also in California, Canada, Russia, and Japan. 

As another fun fact about salmon, the females, just like chickens, are called “hens.” 

But Alaska isn’t just home to salmon. The Pacific halibut is one of the most sought after fish in our state.

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The Pacific halibut is one of the most sought after fish in our state.

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I remember the first time I ever saw a halibut. When I noticed both eyes on one side, I truly thought something was wrong with that fish. Another thing that might surprise some people about the halibut is its size. 

The largest halibut to have been recorded weighed 495 pounds. Any halibut larger than 300 pounds is called a Barn Door halibut. Smaller halibuts, though, are called Chicken halibuts. 

Fishing season this year may be over—but, if you’re a fisherman, remember to be safe and have fun when it comes around again. 

If you have any other questions or would like more information feel free to give me a call or send me an email. I look forward to hearing from you soon.

Anchorage Real Estate Market Update

Today I wanted to give you an update on what’s going on in our Anchorage market.

There are many great Anchorage area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (907) 865-6404 for a FREE home buying or selling consultation to answer any of your real estate questions.

This week, I wanted to bring you up to date on what the market is doing since it’s been awhile since my last update.

Currently in the Anchorage market, we have 1,064 single-family homes listed. We have 371, or about 35%, of those listed properties that are pended, and about 2.9 months of inventory on hand. What that means is that if no more homes were listed, it would take 2.9 months for all the current inventory to be sold off.

Any inventory that sits at three months or less means that we’re in more of a seller’s market. If you’re a seller, now is a great time to get your home on the market. We’ve had a lot of multiple offer situations with listed properties that have been priced right.

In the last six months, we’ve sold 1,072 homes, which is right on par with where we were last year. Our average sales price is up to about $364,000, and sellers are getting 98.6% of what they’re asking for their home in their final offer. This is great news, as sellers are well within the recommended 5% margin.

Right now the average days on market of sold properties is around 52 days, while the average days on market for active properties is 80 days. So, why the difference? The homes that are in great condition and kept clean while they’re listed are selling much quicker. 

The properties that are still active on the market aren’t getting sold because they're overpriced, their condition isn’t that great, or accessibility is making it difficult for agents to show to potential buyers.

So what does this mean for you? If you’re a seller, now is a great time to list your home, as inventory is low and buyer demand is high. If you’re a buyer, we can help you find the home of your dreams.

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If you’re a seller, now is a great time to get your home on the market.

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If you have any additional questions about this update or you’re looking to buy or sell a home, please give a call. We’d be happy to help!