We Specialize In These Alaska Area Communities

AnchorageEagle RiverFairbanks
Fort WainwrightJBERNorth PoleWasilla

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Has Your Alaska Property’s Value Increased?

Here’s an in-depth look at some important financial documents for homeowners.

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 Looking to sell in Alaska? Get a free Home Price Evaluation

We’ve been getting a lot of questions from clients about property values and whether or not they’re increasing. Assessed values are increasing, but that doesn’t necessarily mean your property’s value is. Today we’ll take a look at the 2021 Real Property Assessment Notice that went out earlier this month, analyze what it says, then interpret what that means for you.

Cited below for your convenience are timestamps that will direct you to various points in the video. Feel free to watch the full message or use these timestamps to skip to topics that interest you most:

1:00- A closer look at the first page of my home’s 2021 assessed value and what the numbers mean

2:15- Why March 31 is an important deadline for property tax exemptions

2:51- A closer look at the 2021 Residential Tax Exemption Application

4:40- How much can you save on taxes by filing this form?

6:53- How much can disabled veterans save on their exemption?

8:10- Wrapping things up

If you have any questions about your property’s value, your property taxes, or anything else related to real estate, don’t hesitate to reach out via phone or email. We look forward to hearing from you soon.

North Pole and Fairbanks Market Update

Here’s how our North Pole and Fairbanks markets are currently doing.

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 Looking to sell in Alaska? Get a free Home Price Evaluation

Today I wanted to share how our real estate market is doing.

In North Pole, there are 98 homes on the market and 74 of them are pending, which translates to a 75.5% pending ratio. If you have a house valued between $200,000 and $250,000, that range is at a 100% pending ratio, meaning every property on the market has been sold; that’s how low our inventory is. If you think your home may be in that price range, now is a great time to get it on the market. 

North Pole’s overall inventory is at 1.3 months—we’re running out of houses to sell. The average days on market is 114. No matter your price range, now is the time to sell your property. We say that all the time, but it’s been getting better and better for sellers every day.

We’re running out of houses to sell.

In Fairbanks, we have 176 homes on the market and 119 of them are pending, providing a 67.6% pending ratio and 1.5 months’ worth of inventory. The average days on market is 94 days. Again, the $200,000 to $250,000 price range is extremely hot, so if your house is in that range, you might want to consider selling now. 

Give us a call or send an email if you’re thinking about selling so we can discuss how to get your property sold as quickly as possible for the most money. Also, reach out to us if you have questions about the market or any other real estate matter. We’d love to be your real estate resource.

Pick Up a Free Pie for Thanksgiving

Here is all the information you need on this year’s pie giveaway.

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 Looking to sell in Alaska? Get a free Home Price Evaluation

We’re excited to announce that, for the third year in a row, we’ll be doing our Thanksgiving pie giveaway. Given the circumstances, we’ve tweaked this year's event in an effort to prioritize everyone’s safety. We’ll be doing a “drive-by for pie,” meaning that you’ll be able to just give us a call and we’ll run the pie out to your car. You can swing by to pick up your pies on Tuesday, November 24, and Wednesday, November 25—just in time for your Thanksgiving dinner.

To reserve your pie, give us a call at 907-452-3000, or send an email to info@maddenrealestate.com. We want to thank our event sponsors: First Rate Financial, who has your lending needs covered; Jim Kelly with State Farm, who offers homeowners insurance that you can trust; and Fidelity Title Agency of Alaska, who is there to ensure your home-buying process is smooth and easy with title background. In addition to our amazing clients, we’ll be giving away 75 pies to first responders and nonprofits as a way to say thank you. From our Madden family to yours: Happy Thanksgiving, and let’s drive by for pie!