2013's year end real estate numbers are in for the Matsu Valley of Alaska and they reflect what most of us felt was occurring throughout the year. The market experienced a 2.9% increase in prices but we experienced nearly 20% more sales than 2012! What does that tell us? It reaffirms that the Matsu real estate market indeed represents the future of Alaska!
The following link will take you to an example of Wasilla's year in review.
Wasilla's 2013 Year in Review
One of the more interesting findings in it was the dramatic jump in pricing the last quarter of 2013. It seems that the shortage of available homes in Anchorage is contributing to the growth of the Matsu. Wasilla is the largest city in the borough followed closely by Palmer. Both communities are commuting areas to Anchorage and about a 1/3 of the homeowners here commute in on a daily basis. Buyers are attracted to the Matsu real estate market as they can get substantially more for their money here than in Anchorage. The cost of a new home is over $160,000 less than in Anchorage, and the existing inventory is substantially newer construction.
The commute to Anchorage is about 45 miles and is one of the most scenic drives in North America! The following map is from Google Maps and illustrates what the commute from the "core" area of the Matsu to Anchorage looks like.
With the 2014 real estate market having already kicked off, we are expecting much the same results this year.
Visit our website to search Homes for sale in the Matsu and to be notified when homes come up for sale that fit your needs.
To find out what your home is worth in today's market, fill out this simple form What is my home worth?
To find out additional information on the Matsu Real Estate market check out our website at Alaska Home Sellers.
Subscribe to this blog to keep up to date on the real estate market in the Matsu...and if you like to fish (like me) you can keep an eye on the long anticipated salmon runs for the coming year here Alaska Salmon Run Charts. Let's hope that the return of the kings is better than expected this year!
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