December Real Estate Market Update From Dave and Travis!
Matsu Valley Real Estate Market Update!
Let’s break down the Mat-Su Valley "CORE" residential market for you.
ANY QUESTIONS OR COMMENTS PLEASE JUST ASK!
Year-Over-Year Changes
The number of active listings has climbed to 341 this year, up from 260 in 2023. At the same time, pending sales have dipped slightly to 200 from 213 last year. The ratio of pending sales to active listings now stands at 59%, reflecting a balanced market compared to the ultra-competitive 203% we saw in 2020.
Price Trends
Home prices continue to climb. The average sales price in December 2024 hit $426,000, a 3.4% increase from $412,000 last year.
Sales Activity
Total closed sales have stabilized this year at 1,371, just slightly down from 1,380 in 2023. Compare this to the peak in 2021 when 1,992 homes were sold—the market has normalized after the pandemic-fueled frenzy.
Affordability
While prices are rising, affordability remains an issue for many buyers. Mortgage interest rates are expected to continue downward momentum but it will be slow. 2025 should see rates in the 6% range but who really knows!
Key Takeaways
For Buyers:
With more active listings, you have more room to shop and negotiate. Jump in now to secure your spot before prices climb further.
For Sellers:
The market is still strong, but buyers have more options. Pricing competitively and strong presentation is essential to attract offers quickly.
As always, we are here to help you navigate these trends and find your perfect match—whether you’re buying or selling.Give me a call today, and let’s make your real estate goals a reality!
EXCITING NEWS FOR HOMEBUYERS: $10,000 Rebates for New Home Construction!
Starting January 2, 2025, the Alaska Housing Finance Corporation (AHFC) is again offering $10,000 rebates for newly constructed, energy-efficient homes.
This is a great program that was very popular when they offered it in the past. I had a number of buyers take advantage and the $10,000 comes in very handy and really helps with affordability. And you have a very energy efficient home!
Why This Matters to You?
Save Big: $10,000 rebate for eligible homes.
Energy-Efficient Living: Homes must meet a 5-star plus energy rating.
Flexible Options: Single-family, duplexes, triplexes, and fourplexes qualify!
Funds are limited, so don’t wait—apply early and secure your rebate!
Click the link below to learn more
Or
Have questions?
Let Dave’s Alaska Homes guide you through the process.FEATURED LISTINGS
This week’s featured listing is a testament to the power of teamwork and expertise!
We’ve faced a few unexpected challenges with this one, specifically with the appraisal process—something I haven’t seen in over 20 years! Despite the hiccups we were able to close the home sale and the lot next door to the happy buyer.I want to give a huge shoutout to Mike McGaughey, my amazing seller. It’s been an absolute pleasure working with him, and we’re excited for his new journey in Texas with his adorable puppy. This property was under contract quickly, but took a couple weeks more to close due to lender-appraiser issues which caused stress.
We thank you for the wonderful review!
Dave put the For Sale sign in my front yard and 4 different families visited the home. Two of them placed Bids on the home and they were both higher than the listing price. The home sold to a very Happy Family! Dave’s expertise came into play when a slight stall occurred and the closing took place! I highly recommend Dave Johnson to represent you in the sale or purchase of a home!!! - - Michael McGaughey (Google 11/25/2024) -Check out our Beautiful Listings at https://davesalaskahomes.com/featured-listing
Search for homes easily at https://davesalaskahomes.com/listing
Get your home’s estimated value instantly at https://davesalaskahomes.com/evaluationIf you or anyone you know has ANY thoughts of buying or selling real estate, lets connect to talk about the opportunities available in our market and how to reach your goals.
LET US BE YOUR TRUSTED GUIDE
Call or text Dave now at 907-863-7289
Call or text Travis now at 907-575-6779
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