Author: jessicahorwatt

I’ve decided to report the year-to-date numbers just to keep the videos quick and the numbers simple. You will find August 2020 to August 2019 comparison in the narrative below each video.

https://youtu.be/Lcieu7GeGMU

Anchorage Single Family Homes

Year-to-Date Through September 30, 2020

Inventory is down 22% through September 30th from the same period in 2019 and is currently at 2.6 months supply.

Average list price is up 8% to 426K. Median list price is up 6% to 370K. Average sales price is up 4.5% to 391K. Median sales price is up 3.5% to 350K. 

Average days on market is down 14% to 42 days with the median marketing time down 32% to 13 days.

Sales are up 9% over 2019 through September to 1730. Pending sales are up 21% to 2122. Active listings are even at 2943 and new listings are up 1% to 2509.

September 2020 to September 2019 Comparison

Inventory is down 35% to 2.6 months supply in September 2020 as compared to September 2019.  

Average list price is up 17% to $501,0666. Median list price is up 10% to $399,900. Average sales price is up 5% to $390,005. Median sales price is up 10% to $368,750. 

Average marketing time is down 27% to 32 days. Median days on market is down 48% to 12 days for September 2020.

Sales are up 28% to 248 for September 2020. Pending sales are up 64% to 291 from 177 in September 2019. Active listings are down 32% to 471 from 696 last August and new listings are up by 14% to 274 from 240 for September 2019.

https://youtu.be/bUvFFs-9_dI

Anchorage Condos

Year-to-Date Through September 30, 2020

Inventory is down 16% through September 30tht from the same period 2019 and is currently at just under 4 months supply.

Average list price is up 1% to 221K. Median list price is up 2% to 199K. Average sales price is even at 208K. Median sales price is dow 1% at 197K. 

Average marketing time is down 14% to 57 days. Median days on market is down 12% to 30 days.

Sales are up 4% year-to-date to 729. Pending sales are up 16% to 900. Active listings are down 1% to 1486 and new listings are even at 1199.

September 2020 to September 2019 Comparison

Inventory is down 22% to just over 4 months supply in September 2020 as compared to September 2019.  

Average list price is up 10% to $237,056. Median list price is up 10% to $197,000. Average sales price is even at $207,419. Median sales price is down 5% to $205,000. 

Sales are up 51% to 118 for September 2020 from 78 in September 2019. Pending sales are up 65% to 127 from 77 in September 2019. Active listings are down 22% to 321 from 413 last year and new listings are up 24% to 145 from 117 for September 2019.

https://youtu.be/gSE9XuXNju4

Eagle River Single Family Homes

Year-to-Date Through September 30, 2020

Inventory is down 17% through September 30th from the same time period in 2019 and is currently just over 3 months’ supply.

Average list price is up 1% to 410K. Median list price is up 1% to 379K. Average sales price is up 2.6% to 392K. Median sales price is also up .3% to 365K.

Average marketing time is down 12% to 43 days with a median marketing time decrease of 18% to 18 days. 

Sales are up 17% over 2019 to 425 through September. Pending sales are up 28%to 515. Active listings are up 4% to 724 and new listings are also up 4% to 610.

September 2020 to September 2019 Comparison

Inventory is down 32% to 2.7 months supply for September 2020 from 4 months in September 2019.

Average list price is up 7% to $$460,295. Median list price is up 9% to $435,900. Average sales price is down 13% to $367,450. Median sales price is down 3% to $358,000. 

Average marketing time is down 3% to 30 days on market from 31 days in September 2019. Median marketing time is down 56% to 10 days from 23 days in September 2019.

Sales are up 2% to 55 for September 2020 from 54 last year. Pending sales are up 89% to 62 from 33 in September 2019. Active listings are down 21% to 212 from 153 last year and new listings are up 24.5% to 61 from 49 in September 2019.

https://youtu.be/GlDDCAPJ4uQ

Wasilla Single Family Homes

Year-to-Date Through September 30, 2020

Inventory is down 34% through September 30th from the same period in 2019 and is currently at just over 3 months supply.

Average list price is up 7% at 332K. Median list price is up 5% to 300K. Average sales price is up 8% to 303K. Median sales price is up 6% at 282K. 

Average marketing time is down 14% to 55 days. Median marketing time is is 24% to 22 days.

Sales are up 7% to 971 through September. Pending sales are up 17%to 1209. Active listings are down 7% to 1697 and new listings are down 7% to 1388.

September 2020 to September 2019 Comparison

Inventory is down 51% for September 2020 to 2.2 months supply from a 4.5 month supply in September 2019.

Average list price is up 15% to $390,670. Median list price is up 13% to $337,000. Average sales price is up 8.25% to $316,002. Median sales price is up 8.8% to $299,000. 

Sales are up 11% to 131 for September 2020 from 118 for September 2019. Pending sales are up 35% to 142 from 105 in September 2019. Active listings are down 47% to 240 from 451 last year and new listings are up 4% to 126 from 121 for September 2019.

I’ve decided to report the year-to-date numbers just to keep the videos quick and the numbers simple. You will find August 2020 to August 2019 comparison in the narrative below each video.

https://youtu.be/qpWkmMhc6SQ

Anchorage Single Family Homes

Year-to-Date Through August 31, 2020

Inventory is down 20% through August 31st from the same period in 2019 and is currently at 2.5 months supply.

Average list price is up 7.75% to 427K. Median list price is up 6% to 369K. Average sales price is up 4.5% to 390K. Median sales price is up 3.5% to 350K. 

Average days on market is down 14% to 43 days with the median marketing time down 26% to 14 days.

Sales are 5.6% over 2019 through August to 1466. Pending sales are up 18% to 1869. Active listings are down 1% to 2662 and new listings are down 1% to 2229.

August 2020 to August 2019 Comparison

Inventory is down 32% to 2.6 months supply in August 2020 as compared to August 2019.  

Average list price is up 17% to $501,326. Median list price is up 14% to $410,950. Average sales price is down 1.7% to $396,748. Median sales price is down .3% to $354,000. 

Average marketing time is down 32% to 26 days. Median days on market is down 50% to 7 days for August 2020.

Sales are up 18% to 272 for August 2020. Pending sales are up 39% to 312 from 225 in August 2019. Active listings are down 31% to 474 from 688 last August and new listings are up by two sales to 314 from 312 for August 2019.

https://youtu.be/Nudm63jjFAg

Anchorage Condos

Year-to-Date Through August 31, 2020

Inventory is down 15% through August 31st from the same period 2019 and is currently at just under 4 months supply.

Average list price is up 2% to 220K. Median list price is up 1% to 198K. Average sales price is even at 207K. Median sales price is also even at 195K. 

Average marketing time is down 13 % to 59 days. Median days on market is down 6% to 33 days.

Sales are down 2.7% year-to-date to 605. Pending sales are up 13% to 789. Active listings are down 3% to 1339 and new listings are down 3% to 1052.

August 2020 to August 2019 Comparison

Inventory is down 23% to just over 4 months supply in August 2020 as compared to August 2019.  

Average list price is up 12% to $242,342. Median list price is up 11% to $199,900. Average sales price is down 9% to $197,860. Median sales price is down 9% to $189,900. 

Sales are up 55% to 115 for August 2020 from 74 in August 2019. Pending sales are up 47% to 151 from 103 in August 2019. Active listings are down 28% to 310 from 432 last year and new listings are up 20% to 169 from 141 for August 2019.

https://youtu.be/bReAtFgUAZU

Eagle River Single Family Homes

Year-to-Date Through August 31, 2020

Inventory is down 15% through August 31st from the same time period in 2019 and is currently just over 3 months’ supply.

Average list price is up 1% to 409K. Median list price is up 1% to 380K. Average sales price is up 5.6% to 396K. Median sales price is also up 3% to 369K.

Average marketing time is down 13% to 45 days with a median marketing time decrease of 13% to 19 days. 

Sales are up 19% over 2019 to 369 through August. Pending sales are up 35%to 458. Active listings are up 2% to 660 and new listings are also up 2% to 546.

August 2020 to August 2019 Comparison

Inventory is down 36% to 2.8 months supply for August 2020 from 4 months in August 2019.

Average list price is up 2.5% to $431,291. Median list price is up 5% to $409,900. Average sales price is up 14.5% to $446,539. Median sales price is up 6% to $422,500. 

Average marketing time is down 30% to 33 days on market from 47 days in August 2019. Median marketing time is up 20% to 18 days from 15 days in August 2019.

Sales are up 4% to 54 for August 2020 from 52 last year. Pending sales are up 14% to 65 from 57 in August 2019. Active listings are down 29% to 122 from 171 last year and new listings are up 4.5% to 69 from 66 in August 2019.

https://youtu.be/0t7Y1rMUX4U

Wasilla Single Family Homes

Year-to-Date Through August 31, 2020

Inventory is down 32% through August 31st from the same period in 2019 and is currently at just over 3 months supply.

Average list price is up 6% at 329K. Median list price is up 5% to 300K. Average sales price is up 7% to 301K. Median sales price is up 5% at 278K. 

Average marketing time is down 11% to 55 days. Median marketing time is is 21% to 22 days.

Sales are up 5% to 832 through August. Pending sales are up 17%to 1088. Active listings are down 8% to 1569 and new listings are down 8% to 1260.

August 2020 to August 2019 Comparison

Inventory is down 47% for August 2020 to 2.7 months supply from a 5 month supply in August 2019.

Average list price is up 14% to $380,257. Median list price is up 11% to $329,900. Average sales price is up 8.8% to $306,706. Median sales price is up 7.5% to $284,900. 

Sales are up 20% to 160 for August 2020 from 133 for August 2019. Pending sales are up 47% to 199 from 135 in August 2019. Active listings are down 44% to 281 from 500 last year and new listings are up 6% to 159 from 150 for August 2019.

I’ve decided to report the year-to-date numbers just to keep the videos quick and the numbers simple. You will find July 2020 to July 2019 comparison in the narrative below each video.

https://youtu.be/HIDkG2yBRqE

Anchorage Single Family Homes

Year-to-Date Update Through July 31, 2020

Inventory is down 18% through July 31st from the same period in 2019 and is currently at 2.5 months’ supply.

Average list price is up 7.5% to 428K. Median list price is up 6% to 370K. Average sales price is up 5.7% to 389K. Median sales price is up 5.9% to 349K. 

Average marketing time is down 10% to 47 days. Median marketing time is down 20% to 16 days.

Sales are up 2.8% over 2019 through July 31st. Pending sales are up 16%. Active listings are down 1% and new listings are down 1%.

July 2020 to July 2019 Comparison

Inventory is down 26% to 2.89 months supply in July 2020 compared to July 2019.  

Average list price is up 16% to $495,000. Median list price is up 11% to $399,900. Average sales price is up 5.8% to $399,000. Median sales price is up 7.3% to $359,500. 

Average marketing time is down 27% from July 2019 to 32 days. Median marketing time is down 52% to 9 days for July 2020.

Sales are up 13.5% to 278 from 245 for July 2020. Pending sales are up 41% to 312 from 221 in June 2019. Active listings are down 26% to 510 from 687 last year and new listings are up 16% to 355 from 305 for July 2019.

https://youtu.be/Fd5R3o-ShXs

Anchorage Condos

Year-to-Date Update Through July 31, 2020

Inventory is down 14% through July 31st from the first half of 2019 and is currently at a 4 month supply.

Average list price is up 2% to 222K. Median list price is down 1%to 196K. Average sales price is up 2% to 210K. Median sales price is up 1.5% to 198K. 

Average marketing time is down 9% to 63 days with a median marketing time increase of 6% to 38 days.

Sales are down 11% from 2019 through July. Pending sales are up 8%. Active listings are down 6% and new listings are down 6%.

July 2020 to July 2019 Comparison

Inventory is down 21% to just over 4 months supply in July 2020 as compared to July 2019.  

Average list price is up 11.9% to $242,575. Median list price is up 12% to 198,500. Average sales price is up 1% to $215,873. Median sales price is down 2.85% to $197,500. 

Average marketing time for July 2020 is 52 days, down 16% from July 2019. Median marketing time is 30 days, up 43% from July 2019.

Sales are up 7% to 103 for July 2020 from 96 in July 2019. Pending sales are up 70% to 131 from 77 in July 2019. Active listings are down 25% to 310 from 414 last year, but new listings are up 21% to 182 from 150 for July 2019.

https://youtu.be/bswTwS90VJw

Eagle River Single Family Homes

Year-to-Date Through July 31, 2020

Inventory is down 11% through July 31st from the same timeframe in 2019 and is currently at 3 months supply.

Average list price is even at 404K. Median list price is up 1% to 379K. Average sales price is up 4% to 388K. Median sales price is up 2% to 360K. 

Average marketing time is down 11% to 47 days on market. Median marketing time is down 24% to 19 days.

Sales are up 10% over 2019 through July. Pending sales are up 34%. Active listings are up 4% and new listings are up 4%.

July 2020 to July 2019 Comparison

Inventory is down 27% to 3 months supply for July 2020 from 4 months in 2019.

Average list price is down .5% to $423,293. Median list price is up 3% to $399,000. Average sales price is up 8% to $404,239. Median sales price is up 3.65% to $380,858. 

Average marketing time for July 2020 was 27 days, down 32.5% from July 2019. Median marketing time for July 2020 is down 57.8% from July 2019 to just 8 days.

Sales are up 74% to 87 for July 2020 from 50 last year. Pending sales are dead even with last year at 62. Active listings are down 25% to 129 from 171 last year and new listings are down 14% to 72 from 84 for July 2019.

https://youtu.be/SlNoHAjPL8c

Wasilla Single Family Homes

Year-to-Date Through July 31, 2020

Inventory is down 30% through July 31st from the same period in 2019 and is currently at just over 3 months supply.

Average list price is up 5% at 328K. Median list price is up 5% to 300K. Average sales price is up 7% to 301K. Median sales price is up 4% at 276K. 

Average marketing time is down 11% to 58 days with a median marketing time decrease of 14% to 24 days.

Sales are up 2.4% through July over 2019. Pending sales are up 13%. Active listings are down 10% and new listings are down 10%.

July 2020 to July 2019 Comparison

Inventory is down 46% for July 2020 to 2.8 months supply from a 5 month supply in July 2019.

Average list price is up 9% to $359,956. Median list price is up 6.7% to 320K. Average sales price is up 12% to $314,290. Median sales price is up 10% to $295,500. 

Sales are up 36% to 154 for July 2020 from 113 for July 2019. Pending sales are up 22% to 172 from 141 in July 2019. Active listings are down 44% to 291 from 520 last year and new listings are even at 188.

I’ve decided to report the year-to-date numbers just to keep the videos quick and the numbers simple. You will find June 2020 to June 2019 comparison in the narrative below each video.

https://youtu.be/2CcOSUl_Je0

Year-to-Date Update – Anchorage Single Family Homes

Inventory is down 17% through June 30^th from the first half of 2019 and is currently at 2.5 months’ supply.

Average list price is up 7.5% to 430K. Average sales price is up 6% to 387K. Median sales price is up 3% to 347K. 

Sales are about even with 2019 for the first half of the year. Pending sales are up 12%. Active listings are down 4% and new listings are down 5%.

June Numbers – Anchorage Single Family Homes

Inventory is down 19% to just under 3 months supply in June 2020 as compared to June 2019.  

Average list price is up 9% to $479,000. Average sales price is down 3% to $382,000. Median sales price is down 3.5% to $342,500. 

Sales are down 9% to 202 for June 2020. Pending sales are up 46% to 328 from 225 in June 2019. Active listings are down 18% to 524 from 642 last year and new listings are u 31% to 384 from 293 for June 2019.

https://youtu.be/RzymE6omytE

Year-to-Date Update – Anchorage Condos

Inventory is down 17% through June 30^th from the first half of 2019 and is currently at 4 months’ supply.

Average list price is up 6% to 230K. Average sales price is up 6% to 230K. Median sales price is up 11% to 200K. 

Sales are down 13% from 2019 for the first half of the year. Pending sales are even. Active listings are down 12% and new listings are down 13%.

June Numbers – Anchorage Condos

Inventory is down 89% to just over 4 months supply in June 2020 as compared to June 2019.  

Average list price is up 6% to $229,000. Average sales price is also up 6% to $229,000. Median sales price is down 7% to $219,000. 

Sales are down 17% to 82 for June 2020 from 98 in June 2019. Pending sales are up 42% to 142 from 100 in June 2019. Active listings are down 20% to 365 from 458 last year and new listings are down 7% to 172 from 184 for June 2019.

https://youtu.be/uaAb0WTlSb8

Year-to-Date Update – Eagle River Single Family Homes

Inventory is down 8% through June 30^th from the first half of 2019 and is currently at 3 months’ supply.

Average list price is even at 405K. Average sales price is up 2.5% to 381K. Median sales price is also even at 348K. 

Sales are up 10% over 2019 for the first half of the year. Pending sales are up 34%. Active listings are up 4% and new listings are up 4%.

June Numbers – Eagle River Single Family Homes

Inventory is down 25% to 3 months supply for June 2020 from 4 months in 2019.

Average list price is up 4% to $436,000. Average sales price is down 5% to $366,000. Median sales price is down 7% to $342,500. 

Sales are up 6% to 55 for June 2020 from 52 last year. Pending sales are up 77% to 78 from 44 in June 2019. Active listings are down 25% to 126 from 167 last year and new listings are up 44% to 89 from 62 in June 2019.

https://youtu.be/fWRAljbq6uI

Year-to-Date Update – Wasilla Single Family Homes

Inventory is down 27% through June 30^th from the first half of 2019 and is currently at 3 months’ supply.

Average list price is up 3% at 325K. Average sales price is up 6% to 297K. Median sales price is up 4% at 275K. 

Sales are down 5% over 2019 for the first half of the year. Pending sales are up 13%. Active listings are down 11% and new listings are down 12%.

June Numbers – Wasilla Single Family Homes

Inventory is down 37% for June 2020 to 3 months supply from a 5 month supply in June 2019.

Average list price is up 3% to $342,000. Average sales price is down .5% to $295,000. Median sales price is down 6% to $283,000. 

Sales are down 22% to 97 for June 2020 from 125 for June 2019. Pending sales are up 74% to 203 from 117 in June 2019. Active listings are down 32% to 329 from 480 last year and new listings are down 14% to 182 from 211 for June 2019.

https://youtu.be/t2EUW-_r4UU

SPACIOUS EAST ANCHORAGE HOME

MLS #20-12461 | 4 BED | 2 BATH | 2376 SF | 1 GARAGE

$330,000

OPEN HOUSE: SUNDAY, SEPTEMBER 20TH FROM 1 – 4 PM

Spacious & sunny with a large fenced yard for family and toys – gated fence makes storage a snap.

Inside, laminate flooring everywhere, except for new carpet in master. Two very on-trend bath remodels with extensive tile work, new vanities, paint and lights, all in a neutral grey color scheme. Many stylish updates to lights, fireplace, tile entry and bathroom floors, Nest thermostat, new neutral paint upstairs. Bonus space for work/school from home & tons of closet space. New boiler/on-demand water in 2015. Newer stainless kitchen appliances. Walk-in pantry. Front loading washer and dryer stay, too.

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https://youtu.be/Kd-xl1H-yCA

I thought it would be helpful to review what market stats I look at and why. I see a lot of market updates that are nothing more than a weekly or monthly summary of market activity, with no comparison to the prior year; therefore, no indication of how the market is moving.

First off, everything I report comes directly from Alaska Multiple Listing Service. I do that because they have consistent procedures for handling market data and the numbers they produce are standard. They typically have data compiled for the prior month by the 5^th. If you see market updates reporting before then, just know they are using data from another source, or compiling their own data, which could mean anything.

Second, the MLS reports provide monthly and year-to-date numbers as compared to the prior year for the same month and also year-to-date. So, the June numbers compare June 2020 activity to June 2019 activity and also YTD through the end of June 2020 to the same period for 2019. While I do look at the monthly numbers, the YTD are my focus. I want to see how we are tracking compared to last year. I know that the monthly numbers have a greater variance and can be misleading as a result. 2020 has made it clear why…while pending sales dropped by 40% in April (compared to April 2019) and then increased by double digits in May and again, by 48% in June, they are still down 5% for the year.

Third, the what do I track? My favorites are absorption rate, which indicates the level supply, and median sales price, which is the truest indictor of market movement. 

I also report average list price and average sales price and have paid closer attention to the number of sold, pending, active and new listings simply as a result of COVID and wanting to track how the market is resuming. 

Lastly, if you are seriously considering a real estate purchase or sale this year, focus on the numbers for the property type and price point you expect to be in. I report market-wide numbers, but you would want these same numbers tailored to your specific market segment.

I do publish monthly market updates for Anchorage, Eagle River and Wasilla. I am happy to discuss numbers for Palmer and the Kenai Peninsula as well, just ask.

If you have found this information valuable, please give the video a like. And, if you’d like to be notified when I post market updates, feel free to hit the subscribe button as well.

Check out my most current market report.

This starter home is a blank canvas ready for your personal touches. New carpet and luxury vinyl plank in entryway. Thorough interior paint job just completed. Two master bedrooms, one on the main floor with spacious walk-in closet and shared bathroom access and another upstairs. Great layout for roommates or older children. Spacious living room with vaulted ceilings and fireplace, dedicated dining room, office nook and barbecue deck upstairs near the kitchen. Located within walking distance to trails, shopping, dining and other conveniences.

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