Real Estate Information Archive

Median sales prices rose all three months of the first quarter of 2010 in comparison to 2009 for Anchorage, Alaska, including Eagle River. Both January and March posted 3.1% increases compared to the same months in 2009, while February posted a very healthy 9.1% increase. These numbers reflect the continued stability of the local housing market.



Great news for home buyers and sellers in Eagle River, Alaska (and the whole country, in fact)...the First Time Home Buyer Tax Credit has been extended AND expanded to many repeat buyers. The video below is my recent interview with The Alaska Real Estate Showcase about the new Tax Credit law.

The number of homes for sale in Eagle River, Alaska continued to decline last week. A total of 13 homes came off the market (either came under contract as sale pending or closed) while only 2 new listings came onto the market during the same period. Currently, there are fewer than 100 active residential listings on the market in Eagle River.

Extension of the First Time Home Buyer Tax Credit, as well as the expansion of the program to qualified repeat buyers, is expected to entice more buyers into the market. This in turn should keep housing inventories low in Eagle River throughout the winter and into spring. To learn more about the Home Buyer Tax Credit, please see my previous blog post.

Until next time…

Best Regards,

Roger