Friday, May 18, 2007

Home Values up 8.1%

Home values for sales reported to Alaska MLS, Inc. through April 30 show the average sales price is 8.1% higher than the sales during the same period last year. This is a comforting contrast to news of housing issues in parts of the Lower 48.

The number of homes sold is off 6.6% and inventory stands at 1014. This is about twice as many homes as were for sale during the last five years of a housing shortage, but still short of the more normal market of the 1990 decade.

Market times are longer, and now more normal, 71 days. Last year it was 48 days for homes sold in the first four months of the year.

The gap between "last-listed" and selling prices is also back to normal: 2.1% as opposed to 0.6% last year.

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Anonymous said...

why would anyone listen to a real estate agent about how the market is doing? talk about a conflict of interest.

averages are a poor way to gain insight on what's really happening with home values.

the housing market in anchorage is overvalued from speculation and toxic loans and will die a slow death like in california. there are more homes for sale now than last year and i find it suspicious that the mls website took their statistics page off thier website. not that i believed it anyway.

Anonymous said...

I'm not quite as cynical, but I too found it interesting that MLS removed the statistics from their site. The inventory numbers are ugly.

The logical conclusion is they want to be able to present/interpret the numbers as they release them. Opting for less transparency does not promote trust in my "real estate professional."

In any case, I'd be curious to hear an official comment on the missing stats pages, or maybe just an insiders comment from the blog host?

Gateways International Movers said...
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Al Smith said...
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Al Smith said...

Thanks to Mark Begich, anchorage saw the highest tax increases and user fees in history. Anchorage property values are over assessed, its this type of greed that gives home owners false equity, in there homes. Anchorage residents need to get organized and fight this problem together. contact your legislature and join a tax opposition group.