A Look Back at the Anchorage Real Estate Market in 2014

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.

Today we'll be speaking about what we saw happen in the Anchorage/Eagle River real estate markets in 2014. We'll be comparing statistics from 2013 in order to compare these markets. 

• The average sales price in 2013 was $347,000, and in 2014 it was $358,00, which is a healthy increase of 3.23%. 
• Average sale price for condos in 2013 was $203,000. In 2014 that price increased by 1.28% to $205,000. 
• 2014 ended with a low supply of homes on the market.

• There were only 475 single-family homes on the market in December, compared to the summer when there were about 750 on the market. 
• Interest rates have gone down unexpectedly, and that's great for both buyers and sellers because affordability will be up. 
• The rate on a 30-year loan is 3.625%, a 15-year loan is at about 3%, and an FHA or VA loan 3.25%. These are excellent rates, so any potential buyers should start shopping around now. 

This pretty much sums up what happened here in Eagle River and Anchorage in 2014. It was a good year, but low interest rates and new requirements for down payments on Fannie Mae and Freddie Mac products should help drive some activity early in 2015.

If you ever need assistance with real estate, please consider us your #1 resource. We're always happy to serve you!

Why Work with a Team Over a Single Agent?

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.
Aloha, from Hawaii! Today, I'm coming to you from Hawaii with some helpful tips to help you make informed decisions in the marketplace! Recently, people have asked me about the benefits of working with a team. There are many, but today I'll give you just a few:

• When you leave town, your listing does not. Regardless of whether you or your agent goes on vacation, your home remains on the market. We have an entire staff dedicated to the sale of your home, and they will help you through your transaction at all times. If you're working with a single agent, your listing goes on vacation as soon as they do because they have no one to take care of it.

• The lines of communication are always open. If your agent is out of town, or if a team leader leaves for Hawaii (like me!), nothing changes. There is a full administrative staff who are familiar with the details of your listing and are willing and able to help with questions and concerns.

If you want to work with a team that is always there for you, give us a call or shoot us a quick email. We are here to serve you! 

Thanks, and have a lovely day! 

Are Rates on the Rise in Anchorage?

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.

Are you curious about what's going on in Anchorage real estate? If so, you've come to the right place!

Recently, interest rates have dropped. Over the last year or so, rates have hovered around the 4.3% mark. However, a few weeks ago 30-year fixed-rate mortgages dropped to about 3.9% and 15-year fixed-rate mortgages dropped to 3.25%! 

It really doesn't get much better than this...

What do these great rates mean to you as a buyer? For starters, it means you can buy more house - you get more value for your dollar. As a seller, it also means that the prices of homes have stabilized and remain high. Whether you're buying or selling, now is the time to get real estate to work for you! 

With oil dropping below $60 a barrel, it's inevitable that we'll eventually see some changes in interest  rates will go up somewhere between 5% and 7%. If rates jump 1% for a home that's $250,000, you will have to pay more than $200 a month more for the same house. Over the life of a 30-year loan, you will pay over $73,000 more than you would if you were to lock in today's low rates.
rates. It's predicted that, between the next 6-18 months,

As you can see, waiting to make your move could cost you a whole lot of money down the road. If you have been on the fence about buying, now is the time to make your decision. If you're thinking about selling, now would be the time to put it on the market if you want to get great value from it.

Give us a call or shoot us an email for real estate help of any kind, we would love to make the process as smooth and stress-free as possible. Thanks, and have a great day!