Alaska Real Estate Market Update and Latest Numbers

Here’s where the Fairbanks and North Pole real estate markets are.

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The latest news and numbers are in for the Fairbanks and North Pole markets so we wanted to give you a quick update on the most noticeable trends.

In Fairbanks, we have about 235 homes on the market right now, with 168 of them under contract. This gives us a pending ratio of 75%, which is very high and means sellers have a great chance of getting their homes under contract quickly. We have 1.4 months of available inventory, which is also very indicative of a very strong seller’s market.

Homes are selling for an average of $280,085 and 98.8% of their sale price. The average price in Fairbanks is up to $277,268.

A pending ratio above 70% is very high.

As for the North Pole market, there are 127 homes on the market with 93 under contract. This gives us a pending ratio of 73.2%. There are only 1.4 months of inventory in the North Pole market, homes are selling for 99.8% of their list price, and the average sale price for a North Pole home is up to $285,402.

If you have any questions about the Fairbanks or North Pole markets or the latest trends in your neighborhood, don’t hesitate to reach out via phone or email. We look forward to hearing from you soon.

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