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In the Anchorage AK real estate market, residential real estate prices are trending upward as inventory remains low, especially in the mid-price range. In fact, the average price of Anchorage AK homes for sale increased by 4.8 percent in 2012, the largest jump since 2006.

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Prices have continued to rise throughout 2013. The Anchorage AK real estate market is currently experiencing continued gradual but steady growth, with a 0.32 percent increase in price -- bringing the residential average asking price to $354,871 and the average sales price to $344,273 as of July 2013. The most significant price growth has been in the $250,000 to $300,000 price range, where prices have increased by 20 percent from 2012 prices.

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In the Anchorage AK real estate market, homes at the $300,000 price point are considered "starter homes"; the inventory for homes in this price range has remained low through 2013. Anchorage AK homes for sale priced at $400,000 or less are generally experiencing multiple offers and generally selling within two weeks to 30 days.

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Anchorage is Alaska's largest city; more than 298,000 people call Anchorage home. Of the city's more-than 105,000 households, about 64 percent of residents own their own homes and the median household income as of 2011 was $75,485. The 2011 U.S. Census estimates that the median value of residential units in the Anchorage AK real estate market was $276,200.

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In a 2012 overview of Anchorage AK real estate trends, the municipality noted that it expects increasing demand for homes in the mid-point price range to continue as the population grows. The city's popularity isn't hard to understand; its beautiful setting between Cook Inlet and the Chugach Mountains means that year-round recreation, such as fishing, skiing and hiking, is just a short drive away. After a day spent enjoying the outdoors, Anchorage's metropolitan downtown offers big-city amenities, from shopping and eateries to cultural events and nightlife.

 

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Spectacular Views From This Completely Remodele...

Photo of Listing #17-2224

$1,190,000

  • 5 Beds
  • 4.0 Baths
  • 7,004 SqFt
  • 0.87 Acres

Residential

Anchorage, Alaska

Spectacular Views From This Completely Remodeled Bluff Home Owned By A Structural Engineer. Impec...

Listing Office: The Kristan Cole Team Branch Office Keller Williams Realty - Alaska Group

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Listing information last updated on June 26th, 2017 at 2:04pm AKDT.