Will The Housing Shortage in Anchorage Affect the Mat-Su Valley Real Estate Market?
The question can be answered in just 3 words. It absolutely will!
In case you missed the Sunday (3-9-2014) edition of the Anchorage Daily News, there was a very telling article on what is occurring with their real estate market. Here is a link to their story Anchorage Housing Shortage.
What does that mean to us here in the Mat-Su and the Wasilla Real Estate Market? It reaffirms the thought that we will definitely see an increase in the number of buyers coming out to the valley this year because they are finding they can get more for their money out here, placing even greater pressure on an already low inventory of homes for sale.
As a seller, it can result in shorter days on market, increased prices, or both in many cases! As a buyer, you may have already noticed that some of the homes you've been monitoring are suddenly turning up missing from your searches or in your saved favorites. That means they have most likely received an offer and have been taken off the MLS. And with the predicted rise in interest rates this year, it's truly like having a candle burning at both ends.
We're sharing this to help educate you to the realities of the current Alaska Real Estate market. Much of the information that you receive regarding the housing market comes from a national perspective, but it is completely different here.
If you are thinking of buying you can shop on our website here. If you are thinking of selling and want to receive an estimate on what your home may be worth in today's market, fill out this short form.
If you have any questions on these developments and how they could affect your decisions in 2014, feel free to call my office at (907)352-1828 or visit our website at www.AlaskaHomeSellers.com.
Greg Shepard
Associate Broker, REALTOR, GRI, SFR, RFC
Jack White Real Estate Mat-Su
No comments:
Post a Comment