Test Your Real Estate Knowledge with a Quiz!

1. Did total gross dollar volume of sold residential listings increase or decrease between 2017 and 2018?

A. Increase by 4.3%

B. Decrease by 2.8%

C. Increase by 1.1%

2. Did condo volume increase or decrease during the same time?

A. Decrease by 2.4%

B. increase by 4.2%

C. Increase by 1%

3. What about multi-family sold volume?

A. Increased by 2.5%

C. Increase by 0.3%

D. Decrease by 1.3%

4. Did all sold property types increase or decrease?

5. So how would you characterize the 2018 Anchorage real estate market?

A. Same as in 2017       B. Slight decline

C. Imperceptible increase?

6. Based on January 2019 sold stats compared to 2018 what impact did the earthquake and government shutdown have on the market?

A. No impact                    B. Decrease of 12.6%     

C. Decrease of 15.2%      D. Increase of 2%

7. Based on 2018 single family building permits, circle the top four residential builders?

Colony Builders, MGJ,   Spinell Homes, Merit Homes Trevi Builders, Crown Pointe, Hultquist Homes,   John Hagmeier Homes, Troy Davis

8. Name the most popular condo subdivision in Anchorage

9. What is the lowest down payment amount available for a conventional loan, assuming a 700+ credit score?

A. 3%          B. 5%       

C. 10%        D. 15%

10. What is the maximum triple zero down VA loan amount?

A. $726,525      B. $550,000      C. $650,000

11. What is the median price of a pre-owned home in Anchorage?

12. What was the median price of a new construction Single family home in Anchorage?

13. According to preliminary plats approved by the MOA in 2018, there are _______ lots to be developed in 2019.

14. How many are in Anchorage?          

15. How many are in Eagle River?

16. What will be the average price of a new single family lot with public water, sewer and a publicly dedicated road in Anchorage?

A. $125,000       B. $135,000       C. $150,000

17. Will Anchorage experience appreciation in the residential market in 2019?  And if so, what do you think it will be?

A. 0.8%        B. 2.8%       C. 3.6%        D. Above 4%

ANSWER KEY:   1. C     2. C    3. C    4. Increase by .8%    5. C    6. B    7. Spinell Homes, Hultquist Homes, John Hagmeier Homes, Troy Davis  8. WestGate    9. A    10. A    11. $372,096    12. $561,500    13. 138    14. 43    15. 95    16. C    17. B