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Sunday, July 22, 2018
HomeNews and NotesAnchorage housing market sagged in 2017

Anchorage housing market sagged in 2017

According to data released by ReMax, only five metropolitan areas in the country saw a year-over-year decrease in median prices for homes in 2017.

Anchorage was the worst.

The only Alaska community in the survey, Anchorage led the pack with a -5.3 percent decrease in median home prices.

Hawkins

Alaska’s largest city was followed by Trenton, N.J. -4.2 percent; and Honolulu, -3.4 percent.

Nine metro areas increased year-over-year by double-digit percentages. The largest increases were in San Francisco, +13.8 percent; Cleveland, Ohio, +12.9 percent; Orlando, Fla, +11.6; and Seattle, +11.4 percent.

Not all real estate services report information in the same way. A review of Zillow.com, Trulia.com and Realtor.com found wide variations in Anchorage data.

The Multiple Listing Service of Alaska reports that the average sales price in Anchorage in 2017 is fairly flat: $365,472, down slightly from $366,203 in 2016, and $367,710 in 2015.

Houses stayed on the market for an average of 49 days in 2017, the same as in 2016 and only slightly longer than in 2015.

The average price of a condominium in Anchorage has firmed from $211,536  in 2016 to $212,530, with units staying on the market for an average of 70 days.

Some 1,079 homes are for sale in Anchorage, a figure that appears consistent throughout the various companies reporting such data.

In the past three years, total sales volume for homes in Anchorage has dropped over 6 percent, according to MLS data.

In November, the median price of all 54 metro sales was $227,500, an increase of 1.7 percent over October 2017 and up 3.7 percent from November 2016.

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Suzanne Downing had careers in business and journalism before serving as the Director of Faith and Community-based Initiatives for Florida Gov. Jeb Bush and returning to Alaska to serve as speechwriter for Gov. Sean Parnell. Born on the Oregon coast, she moved to Alaska in 1969.

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