Eagle River Real Estate Market Conditions & Reports, Eagle River Market Trends, Alaska

Market Commentary Provided by Eric M. Bushnell

Report Date

Fall 2009

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CONNECT WITH A LOCAL PROFESSIONAL

Eric M. Bushnell
Prudential Jack White Vista Real Estate
Eagle River, Alaska
907-360-7471
ebushnell@prualaska.com
Agent Home Page

Nearest Metro Area

Buyers’ or Sellers’ Market

More sellers than buyers

Average Time on Market

90-120 days

Market Trend

No Change

Housing Inventory

Limited Supply

Average Home Price

$325,000 - View Graph Trend

Best Selling Price Range

Worst Selling Price Range

Compared to Last Year

Up 0-5%

Prices As % of Asking Price

95-100%

Multiple Offers?

Greatest Activity

Repeat Buyers

Buyer Activity for the past 90 days in Eagle River is

Seller Activity for the past 90 days in Eagle River is

Is Financing Available For Qualified Buyers in Eagle River?

Existing Home Prices for the past 90 days are

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?

Housing Hot Spots

The most movement is seen in homes from $250,000 to $350,000. Buyers are targeting newer homes. The new construction has been dormant for 2 years is starting to come back to life. There are fewer homes on the market now then at any time in the 1990’s. Interest rates have been at record lows.

Reason to Buy/Sell

Other

Average Sold Price

$325,000 - View Graph Trend

National Real Estate Market

National Summary: National Housing Market Recovery Near?

Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit

Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there.

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