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.
Pros and Cons of Zillow and Trulia Today we are discussing the advantages and disadvantages of using websites like Zillow and Trulia in the home buying and selling process. Let's start with the advantages:
Easy to use
Ability to get access on both mobile and desktop devices
24/7 Availability
The disadvantages are a bit more numerous. Not to say that these sites don't work well, there are just some things that neither they, nor any other web-based program, can do. One big disadvantage is that they use tax records as comps. Since Alaska is a non-disclosure state, the tax assessed values can be anywhere from 70-110% off. So when you get your estimate from them, it will likely be pretty inaccurate. Another disadvantage to Zillow and Trulia is that they are not live links. If you're a buyer and looking for a property, by the time you get it to your agent, it may already be sold. They also do a good job of getting high quality images of homes, but nothing compares with doing an actual walkthrough of a home with a Realtor. While Zillow and Trulia are great sites, it's still in your best interest to have a Realtor involved. Realtors have knowledge of local markets, school districts, resale value, and many other areas that these sites don't offer. Realtors are also expert negotiators, and can get you more money for your home than you could without them. Although a website is a good place to start, we can do so much more. If you have any questions about Zillow, Trulia, or real estate in general, don't hesitate to call us or send us an email. We'd be glad to help answer any questions you may have.
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.
Anchorage Market Snapshot Despite having 10% less available inventory than this time last year, we have a pretty stable market here in Anchorage. Active pending home sales are also down because of this decrease in inventory. Here are some other trends we've seen this year:
Average home sales price is around $365,000, a 4.2% increase since last year.
The average seller is getting 97% of the original listing price.
Homes are sitting on the market for average of 81 days.
Interest rates are still great. A 30-year fixed-rate is still around 4.2% and FHA and VA rates are at 3.7%.
Now is a great time to buy or sell a home in our area. We're not sure how long interest rates are going to remain this low - take advantage of them now to save down the road. For sellers, we're seeing homes sell quickly and for top value if they are priced correctly and in good condition. If you have any questions about conditions in your particular area, we would love to help you out. Give us a call or shoot us an email for the best real estate resources available.
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.
Anchorage Real Estate Market Update for Summer 2014 We are halfway through the year so now is a great time to give you a real estate market update about what's been going on in Anchorage.
The Anchorage market is a little different right now than what we have seen historically. Usually when we have low inventory, that typically signals we are in a sellers market, but that is not necessarily what we are seeing right now.
We currently have over 700 homes on the market available to purchase, which comes out to about 3.75 months of inventory on hand.
What does this mean to you? Well in our heavy seasons we have had anywhere from 12-15 months of inventory, so we are definitely at a much lower inventory than we are used to.
The average sale price of a home in Anchorage is $355,000 and the average days on the market for a home is about 67 days.
Properties on the market that are priced correctly are selling quickly, but overpriced homes are staying stagnant on the market. Properly priced homes are also getting multiple offers.
Overall, this is a good market, but not quite as booming as it should be. Sellers are benefiting from low inventory and an increase in sale prices while buyers, although with limited options, interest rates are as good as they have been in a long time and now is a great time to lock in a rate. If you have any questions about the market or are looking to buy or sell real estate in Anchorage, please give us a call or send us an e-mail. We would love to help out!
