Anchorage Real Estate Statistics – May 2014
Anchorage Real Estate market was very active based the numbers below for May 2014. The middle of June activity did seem to slow once school was out and fishing started. Anchorage average sales price went up 4% from the previous year, while Anchorage condominiums average sales price went down 2.8%. In Anchorage homes for sale the inventory stayed low keeping demand high and prices followed. The last 5 years shows condominiums appreciating by over 1%, while residential homes appreciated by 12%.Realtor.org published an article that may affect the Anchorage real estate market at some point in time;
Economists who spoke to the National Association of Real Estate Editors last week project that an increase in rates to 5 percent could lead to a 5 percent decline in existing home sales, and a rise to 6 percent would hamper sales by 15 percent.
“We’ve locked all of these people into these low rates, mostly in 30-year fixed mortgages,” says Mark Fleming, chief economist for CoreLogic. “There’s a huge disincentive … to sell at any point in the future. My expectation is that housing turnover rates will be down significantly in the future due to this rate lockout effect.”
For home owners who do eventually decide to move on, they may want to hold onto their current home and rent it out to keep their low interest rate, some economists say.
“We have more everyday folks becoming unplanned, accidental landlords in the future because they don’t want to give up their 3.5 percent rate,” says Lawrence Yun, chief economist for the National Association of REALTORS®.
| ANCHORAGE REAL ESTATE STATISTICS – CONDOMINIUMS |
May
| April |
March
|
| Anchorage Short Sale Condominiums For Sale |
6
|
9
| 10 |
| Anchorage Area Condominiums Foreclosure (Bank, Investor or HUD Owned Property) |
5
|
2
| 5 |
| Supply and Demand – Anchorage Alaska Condominiums | |||
| Average Sales Price – Anchorage Alaska Condominiums | |||
| Number of Units – Anchorage Alaska Condominiums | |||
| Sold Market Analysis – Anchorage Alaska Condominiums | |||
| ANCHORAGE REAL ESTATE STATISTICS – HOMES |
May
| April |
March
|
| Anchorage Short Sale Homes For Sale |
6
|
9
| 10 |
| Anchorage Area Foreclosure Homes (Bank, Investor or HUD Owned Property) |
9
|
2
| 5 |
| Supply and Demand – Anchorage Alaska Homes | |||
| Residential Active Listing Inventory | |||
| Average Sales Price – Anchorage Alaska Homes | |||
| Number of Units – Anchorage Alaska Homes | |||
| Sold Market Analysis – Anchorage Alaska Homes | |||
| Decade Trends In Residential Market | |||
| Recent Trends In Residential Market | |||
