Fairbanks and North Pole Real Estate Market Conditions & Reports, Fairbanks and North Pole Market Trends, Alaska

Market Commentary Provided by Jason Ballek
Area is very busy as it is summer season, many houses are coming on the market. Houses over 300,000 are very slow, under that is very active. There are some deals to be had. Mortgage problems have not hit this area like others. Most homes sell VA or FHA, which are very stable loans. Helping those numbers are Alaska Housing programs.

Report Date

Winter 2010

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CONNECT WITH A LOCAL PROFESSIONAL

Jason Ballek
CENTURY 21 Gold Rush
North Pole, Alaska
907-322-3888
jason@jasonballek.com
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Nearest Metro Area

Anchorage, AK

Buyers’ or Sellers’ Market

More buyers than sellers

Average Time on Market

10-30 Days

Market Trend

Increasing

Housing Inventory

Very tight market

Average Home Price

$250,000 - View Graph Trend

Best Selling Price Range

Worst Selling Price Range

Compared to Last Year

Up 0-5%

Prices As % of Asking Price

100%

Multiple Offers?

Yes

Greatest Activity

Single-Family Homes

Buyer Activity for the past 90 days in Fairbanks and North Pole is

Seller Activity for the past 90 days in Fairbanks and North Pole is

Is Financing Available For Qualified Buyers in Fairbanks and North Pole?

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

Reason to Buy/Sell

Other

Average Sold Price

$250,000 - 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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