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MARKET UPDATE – THROUGH JUNE 2020

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.

Year-to-Date Update – Anchorage Single Family Homes

Inventory is down 17% through June 30th 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.

Year-to-Date Update – Anchorage Condos

Inventory is down 17% through June 30th 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.

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

Inventory is down 8% through June 30th 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.

Year-to-Date Update – Wasilla Single Family Homes

Inventory is down 27% through June 30th 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.