Monday, January 27, 2014

Here's a link to PowerPoint slides of my 2014 Anchorage Real Estate Market Report and Forecast.

These are the slides from my presentations to two January luncheon meetings of the Anchorage Board of Realtors. The data is year-end from Alaska MLS Inc.

The Cliff Notes summary indicators:
  • 15.6% = Increase in number of residential & condo sales
  • 2.7% = Increase in average residential sale price
  • 7.8% = Residential appreciation in past two years, after five years of only 2.1% total.
  • 99% = Sale price compared with last list price
  • 20% = Decline in number of days for a house to sell (now 49)
  • 49 = Average time-on-market for homes in Anchorage
  • 1.86 = Supply or homes: number of months it would take at the present rate of sales for all the existing inventory to be sold.
 And my forecast:
  • Continuation of short inventory
  • Short market times
  • Competition for quality properties
  • Higher interest rates, up 2% from today
  • Fewer deals to be done
  • Average residential/condo prices up about 5%
  • Upward pressure on rents
  • More private apartment owners cashing in
  • Continued decline of distressed property sales
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