Archive for the 'For Buyers' Category
Wasilla and Palmer Real Estate Market, 2013 year to date. October 21st, 2013I have been making periodic reports on the real esstate market this year. Here is the August report and the March report.
Both of these reports indicated a strong year for the market in the Valley. I have been concentrating on the Palmer and Wasilla areas because that is where over 80% of the properties are sold.
Since the Alaska Dispatch recently caught up with the story in Home Prices In South-Central Highest Ever I thought I would do an update.
See the hard data below. I rounded off the prices to the nearest thousand dollars.
I included both average and median prices. Some people would rather use the median price since that tends to eliminate fluctuations caused by extremely low or high sales.
Total House Sales
It’s easy to see that this is a strong year for sales. Prices have increased somewhat and the demand is bound to continue to push prices up unless something like the economy or interest rates step in to change things.
By the way, if you happen to be looking for a home with a view it’s really hard to beat the one pictured above. Call or email for more details on that house. Price has been reduced to $360,000 for a 5 bedroom house with a fantastic view.
This representation is based in whole or in part on data supplied by, and to, the subscribers of Alaska Multiple Listing Service, Inc. (AK MLS, Inc.). AK MLS, Inc. does not guarantee nor is it in any way responsible for its accuracy. Data maintained by AK MLS, Inc. is for its own use and may not reflect all real estate activity in the market. – See more at: http://valleymarket.com
15250 Kristofer Lane, Palmer AK October 17th, 2013
Two shops and a house best sums up this property. This would be a great place to operate your small business.
The first shop is attached to the front of the house, but there is a surprise inside. A cozy apartment makes up the back third of the structure. It has 2 bedrooms and 2 bathrooms and the kitchen dining living are open to each other. The attic is large enough for plenty of storage and has a bonus room.
The second shop is detached and has its own driveway. This second shop would be perfect for your small business patrons to use.
Rural Development Loan Changes For Palmer and Wasilla Alaska October 16th, 2013
Rural Development loans have long been a part of our real estate landscape in the Mat-Su Valley. When I was first licensed, the city of Palmer was the only area that qualified for Rural Development loans. Sometime later the rest of the Valley opened up to it.
Now, since October 1, certain areas are no longer considered rural as far as the United States Department of Agriculture,(USDA)is concerned. Yes, the USDA administers a mortgage loan program for rural areas of the United States. Anchorage of course does not qualify, but much of the valley does.
Recently, a map was produced to show the areas that did not qualify for this program. The Wasilla and Knik-Fairview areas were high-lighted in a recent census as the fastest growing areas in Alaska. Apparently this caught the eye of the USDA because that is the area that was disqualified.
If you have any questions about the Rural Development loans to see if you might qualify for this zero down program give us a call.
Marty 907 232=7900
Jay 907 232-4852
End For A Symbol Of Matanuska River Erosion October 10th, 2013Last September the Matanuska River Flooded it’s banks along the Old Glenn Highway about 3 miles from downtown Palmer. By that time the house pictured to the left had already been abandoned because of damage by the Matanuska River.
The damage was not caused by flooding so much as by erosion. Erosion is a major danger along the Matanuska River and along other glacial streams in the Alaska. These rivers do flood occasionally, as can be seen inthe photo to the right, but they more often erode their banks taking away land that may have been untouched for centuries.
If you purchase property next to one of the glacial rivers that are running in a braided stream be aware that these streams constantly fill up their beds with sediment and shift to the right or to the left. If they shift far enough they will reach the extreme of the river bed and erode the banks. A house can be 100 yards from the river one year and drop over the bank the next.
The house above was stuffed into a dumpster yesterday, see below, make sure you build your house on a rock or at least away from a glacial braided stream to avoid the same fate.
AHFC Closing Cost Assistance Program October 4th, 2013The Alaska Housing Finance Corporation has a new program to help people with their closing costs.
This program called CCAP for short, pays up to 4% of the loan amount toward your closing costs or down payment. It can be combined with FHA, VA, and Rural Development, (RD), loans. If combined with VA or RD loans your move in costs can be as low as $0.00. That’s pretty low.
Right now First National Bank of Alaska is the only valley lender providing these loans. One of my buyers has already taken advantage of this.
Briana Rogers from the Palmer FNBA branch recently brought me some info on it, her contact info is 907-746-8901, [email protected]
This is one of the many programs to ask about when you are discussing financing with your mortgage lender.
Feel free to call us with any questions about real estate, we answer questions for free.
Marty Van Diest 907-232-7900
Jay VAn Diest 907-232-4852
Marty Van Diest, Tele 907.232.7900 / marty[at]valleymarket[dot]com
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