Fairbanks and North Pole Real Estate Market - View Fairbanks and North Pole Real Estate Market Trends in Alaska

Winter 2012 Market Update Area has slowed coming into winter months, 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. Low interest rates are helping lower incomes get into reasonable housing.
Average Home Price	$250,000 - View Graph Trend

Average Price Compared to Last Year	No Change

Average Time on Market	30-60 days

Best Selling Price Range	$200,000 - $249,000

Worst Selling Price Range	$400,000 - $449,000

Prices As % of Asking Price	95-100%

Existing Home Prices for the past 90 days are?	No Change

Market Trend	Increasing

Buyers’ or Sellers’ Market	More sellers than buyers

Buyer Activity for the past 90 days in Fairbanks and North Pole is	No Change

Seller Activity for the past 90 days in Fairbanks and North Pole is?	No Change

Multiple Offers?	Yes

Multiple Offers Commentary	homes under the 250k price range are quite active with some other the nicer newer homes getting multiple offers on them, new consturctions are starting to pre-sale for the summer building season.

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?	5-10%

Is Financing Available For Qualified Buyers?	Yes

Comments on Financing For Qualified Buyers	Most new buyers are VA loan buyers, lots of new military in the area.

Housing Inventory	Good supply - Some Prices

Inventory Comments	Houses under 250k are moving very fast, with some homes getting multiple offers, no new construction currently on market under 300,000 until building season begins in Summer. If you are interested in New construction, contact me now as builders are in planning stages for the summer and it could be a busy one.

Greatest Activity	First Time Buyers

Reason to Buy/Sell	Population Growth

Nearest Metro Area	Anchorage, AK

Housing Hot Spots	Most cities within the Fairbanks North Star Borough County area are considered ’Housing Hotspots’

Average Sold Price	$250,000 - View Graph Trend

Fairbanks and North Pole Local News

Sluggish housing market in line for a better 2012, according to quarterly survey

The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.

The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.

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