Today, it’s rare to find a new single family community that is not part of the Common Ownership Interest Act. Even a monument sign and landscaping at the entrance requires an association and thus a board of directors and a budget. The list of expenses that are included in Continue Reading
The Power of Your Homeowners’ Association
Homeowners’ associations are a necessity in today’s world of residential development. Whether it’s a condominium or single family development, any new community that has a common area, including signage easements, greenbelts, perimeter fencing, is subject to the uniform Continue Reading
Is the Longer a Home on the Market the Less it’s Worth?
That may be the case in our local housing market. There are less than a thousand single family homes on the market with an average sales price of $370,000. They’ve been on the market an average of eighty-nine days. However, the average sales on the market for sold Continue Reading
New Housing Units Continue to Decline
The Municipality of Anchorage recently released its building permit summary through September 2016. As expected, it showed a continual slide in the construction of new housing units whether multi-family, duplex or single family. At the same time, according to the report, Continue Reading
Who are Anchorage’s Most Prolific Builders and Where do they Build?
Despite the continued historic low number of building permits, a handful of builders are keeping the residential construction industry alive. Leading the pack are Spinell Homes and Hultquist Homes who collectively account for 33% of all duplex and single family permits. John Continue Reading
New Home Permits at an Historic Low
Last week the MOA published the Building Home Permit Activity Report for the first three quarters of this year. The report which tracks residential and commercial construction and alterations shows an historic low of 160 single family permits. With the frost and first snow Continue Reading
Inventory On Rise, But Hesitancy Emerging Among Buyers
The 2016 Anchorage residential market could best be described as having had a minor fender bender, not the fatal crash so many naysayers predicted for the housing market. Thousands of owners have not turned in their keys to the bank like they did in the 1980’s. In fact, Continue Reading
How’s the Housing Market, Really? Take This Quiz.
1. Are the number of single family home sales down for the first eight months of this year compared to 2015? If your answer is yes, by what percentage? 2. What is the 2016 average sales price of a single family home in the MOA? A. $320,000 B. $350,000 C. Continue Reading
Why ‘New’ Costs So Much
Robert Dietz, the National Association of Home Builder’s Chief Economist, in a speech to Anchorage’s real estate industry this month, predicted a mortgage rate hike to 4.1% in 2017 and 4.9% by 2018 compared to our current rate of 3.5% for conventional financing. Dietz’s Continue Reading
How Accurate Is Your MOA Tax Assessment?
Pretty darn accurate, according to the MOA tax assessor’s 2016 annual report. MLS reports an average sales price of $366,592 through November 2015 and the MOA average assessed value is $354,704. That’s a 97% ratio based on 3,037 deeds recorded through Dec. 12th 2015. Of Continue Reading
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Connie Yoshimura is the Owner and Broker of Berkshire Hathaway HomeServices Alaska Realty. With over 40 years of residential real estate experience, she continues to be a leader in Alaska’s housing market. Most recently, she sold the highest-priced home ever recorded in the Alaska MLS.