Home sales decline around Alaska to end 2015

Home sales declined across much of Alaska in the fourth quarter of 2015, according to data provided by the Alaska Association of Realtors.

Single-family transactions in Anchorage fell by 3.5 percent versus the last months of 2014, from 743 sales to 717. Condo sales fell by 9.6 percent in the state’s largest market, to 262 condos sold.

Fourth quarter home sales fell by 4 percent in Fairbanks, 3.1 percent on the Kenai Peninsula and 2.6 percent in Southeast Alaska as well, compared to 2014.

Average residential sale prices increased 2.4 percent to $358,400 in Anchorage and the average “days on market” also fell by 14.5 percent to 47 days, despite decreased sale activity. Condo prices in Anchorage fell by nearly 1 percent to $216,800.

Single-family activity increased by 7.8 percent in the Matanuska-Susitna Borough and average sale price increased by 3.7 percent to $246,700. Along with that, the average number of days on the market for a single-family home in the valley fell from 73 at the end of 2014 to 63 in the fourth quarter of last year.

Listing time in decreased by at least 14 percent for Southeast single-family homes and condos, as well as for Fairbanks, where the average single-family unit sold for $213,100 and spent just over two months on the market.

Elwood Brehmer can be reached at [email protected].

Updated: 
01/21/2016 - 11:21am

Comments