Eagle River Alaska's Real Estate Market Update - 01-13-2025

This January 2025 Eagle River, Alaska real estate market update reveals a slightly decreased inventory for single-family homes (36 vs 44 last year) but a slightly increased number of sales (29 vs 25). Condo inventory increased, though numbers remain relatively small. Multi-family property inventory also saw a significant jump. Despite lower inventory across all categories, sales have generally kept pace with pre-COVID levels, indicating strong demand. Average sale prices show modest increases, but the speaker cautions against over-interpreting these due to small sample sizes and market fluctuations influenced by low interest rates.
Highlights
🏡 Single Family Homes: Lower inventory but sales remain strong, indicating high demand. Prices increased moderately.
🏢 Condos: Inventory increased but remains low; sales also increased, mirroring a similar price increase pattern as single-family homes.
🏘️ Multi-Family: Significant inventory increase, with sales also up. Average price increase is skewed by high-value sales.
📈 Overall Market: Strong demand despite lower inventory across all sectors, suggesting a seller’s market in Eagle River.
⚠️ Caution: The speaker warns about interpreting average price increases due to small sample sizes, especially for multi-family properties.

[@brandonpacheywiredforlife]

Has the rental market increased in Eagle River?
People keeping homes and renting them out, but PCSing?

[@alaska_realtor]

@@brandonpacheywiredforlife that is a good question. I’ll have to ask some property managers.

[@ana2722]

😊💙👍