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Total Market Overview – A peak into the Anchorage Market

January 20, 2011

Everyone wants to buy when the Market is at the bottom, and everyone wants to sell when the Market is at it’s peak. Problem is, you never know if you’ve hit bottom until you’re on the way up; and you never know when you’re maxed out at the top until you stop heading up and start heading down.
My way of staying on top of the Market is pulling numbers from the Market once a week and averaging them out in every price range.
For example, this week in the $300,00 to $324,000 price range there are 42 active listings with 19 pending. That’s a ratio of 31%, not too shabby for someone looking to sell their home. But you have to factor in other things as well, like in the past 6 months there has been 84 homes sold and 20 expired listings in that price. That’s a little less than 1 out of 5 homes not selling in the past 6 months (of course there are the occasional home that’s not worth it’s price, but there is really no way to factor that in.) 31% looking better now?
Despite all the numbers it’s best to buy or sell your home when the time is right for you. It’s a life changing event and can greatly effect your quality of life. This is one of the reasons why I love my job so much, my clients become family in our efforts.
“A house is made of walls and beams; a home is built with love and dreams.”

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