anchorage real estate

NAVIGATING MARKET TRENDS AND EMERGING OPPORTUNTIES


The residential market as a whole has been dealing with low inventory and still higher interest rates. Currently, in Anchorage, we have 20% less active inventory on the market, moreover, we have seen 43% fewer sales year to date than last year. For new homes that hit the market that are updated, in good condition, priced correctly, and marketed well, we are getting back into the multiple offer scenarios. Because of the lack of inventory, sellers aren't paying much in concessions. We are also starting to see many off-market deals, with buyers hoping to find something without having to compete.

 

Interest rates are also affecting the industry as well. The time of the…

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October 2023 Market Update


Currently, there is a lot of mystery about what's going on in the market. People see crazy headlines and are getting concerned and rightfully so. However, we expected this as we all saw the signs as the rates started to climb as the feds tried to slow the rate of inflation. Across Alaska and the nation, we are still seeing the same low supply we have been experiencing all year. Nationally our housing inventory is down about 20% from 2022 and in Alaska that number is closer to 35%. That low inventory, mixed with the same demand, has steadily increased prices and kept a competitive market even with our current interest rates.

 

Employment in Anchorage has been steadily growing, in the most recent Employment Study,…

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Agent Highlight Series

Having a better understanding of who you're working with is paramount, and we want to make this process as easy as possible for you.

Take a moment to get to know Noah a little better by reading his response to these interview questions:


What made you decide to become a real estate agent?

I  chose to become a real estate agent to learn everything there is to know about real estate transactions and to provide clients with world-class knowledge and service. In addition, I wanted to learn the art of sales, marketing, lead generation, and effective follow-up so that I could serve clients in the most effective manner. 

What made you choose Precision Home Group?

I  chose Precision Home Group for the team atmosphere and…

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August 2023 Market Update



We are coming towards the end of summer here in Alaska, and before you know it, fall and winter will be setting in. The state fair is starting soon, school is about to start back up, and moose season will be starting before you know it. As we all work to get our last moments of summer in, the same can be said about home buyers trying to find the perfect property and close before the snow flies.

 

Across Alaska and the nation, we are still seeing the same low supply we have been experiencing all year. Nationally, our housing inventory is down about 20% from 2022, and in Alaska, that number is closer to 35%. That low inventory mixed with the same demand has steadily increased prices and kept a competitive market even…

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 2023 Midyear Market Update

 

Quarter 2 is now over and we are rushing into the second half of 2023. It's been an interesting summer so far here in Alaska with tons of rain and one of the cloudiest summers we have ever had. As Alaskans though, we are still getting out to adventure and making it work. That same Alaska Spirit is also being applied to our local housing market.


During covid we saw artificially held down low interest rates, rates none of us have seen in years. Immediately following we saw a steep increase as the markets corrected and now we have seen some market stabilization as we are sitting around the 5.5% to 7% depending on lender, loan type, and individual situation. This has caused two big things to happen. First, it…

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Meet Jess Quindao

We strongly believe in the importance of getting to know everyone that has a hand in helping make the buying or selling process a reality. We are proud of what our administrative staff does to make each transaction go as smoothly as possible because, quite frankly, we couldn’t do it without their help! With that being said, take a moment to get to know our virtual marketing assistant/associate, Jess Quindao.

What made you choose to work for Precision Home Group?

I never would have thought that I would be working for a company from the other side of the world. I always wished I could work from home while taking care of my family. The opportunity finally presented itself when an extended family member asked me if I would like…

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Written by Matthew Lindsay

 

We aim to over deliver in all of our transactions! We have a can-do attitude towards listing homes, and work to make sure we get the most for our clients in every situation. Sometimes, this means we have to get creative and be more hands on. 

We recently sold a single family, ranch-style home on the East side of Anchorage. The large family that was living there had outgrown the house, and we successfully helped them find and close on a larger home that better suited their needs.

When I say the house was too small for them, I mean it was WAY too small. They had a large family of girls living in a small three bedroom, one bathroom house. I grew up with four sisters, so I knew exactly what the father of this…

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Written by Matthew Lindsay

Before starting Precision Home Group in 2017, I spent quite a few years in wildland firefighting. Most of that time was with Pioneer Peak Hotshots based in Palmer, Alaska. Pioneer Peak is a 20 person wildland firefighting crew. We fought wildfires all over Alaska, Canada, and the lower 48. This job took me to many of the interior villages of Alaska, the Northern Territories of Canada, most of the western states, and even some states on the east coast!

It was one of the most rewarding jobs, as we got to protect villages, small towns, and even some larger metropolitan cities. I spent more days throughout the year in the woods than I did at home -- averaging 16 hour shifts with about 2 to 4 days off a month. It was tough, as…

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Agent Highlight Series

Having a better understanding of who you're working with is paramount, and we want to make this process as easy as possible for you.

Take a moment to get to know Aaron a little better by reading his response to these interview questions:

What made you decide to become a real estate agent?

I have always been interested in the housing market. After buying a couple homes of my own, my passion for real estate began to grow. I felt I worked just as hard as my realtors when it came to looking for a home, so I finally decided to take this passion of mine and turn it into a career.

What made you choose Precision Home Group?

I interviewed at a couple other real estate agencies. The biggest thing that drew me to…

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I have always had huge goals -- goals so big that people would laugh when they heard them. I just smile, put my head down, put the work in, and keep building and expanding.

My vision for Precision is an international brand with franchises all over the US and around the world. We will build off of cutting edge technology, agent focused training, a culture that demands excellence and the highest levels of professionalism, and a focus on making sure our clients win!

I started in real estate at Keller Williams for a brief period, then moved to RE/MAX before launching Precision Real Estate. Working for those two totally different brokerages allowed me to see how they were built out, how they scaled, how they seeked to dominate their niche of the…

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