Jay was working on a CMA for a four plex and came across a surprising statistic. So far this year in the Palmer and Wasilla areas there have been only 5 sales of fourplexes, and 4 of them were foreclosures. These fourplexes sold for a median price of $220,000. There are currently 13 fourplexes for sale in the same Palmer/Wasilla area. They are being offered at a median price of $325,000. … read more →
Wasilla Real Estate News is honored to publish a letter from Kevin Crozier to his clients. This gives a little insight to the current market…and also announces a job opening if you are interested. From: Kevin CrozierSent: Saturday, August 09, 2008 2:20 PMTo: Kevin CrozierSubject: Two weeks later Some of you in my e-mail data base may have missed the first letter regarding home sales in the $400,000-$475,000 range. The… read more →
This house came on the market just last week for $148,500. This is a house that Hall Quality Homes built in 1998. He still builds this model for about $230,000 or so. This is a VA foreclosure that for some reason was listed at a lower than expected price. The listing price is not determined by the listing licensee, who was Elizabeth Macmullen, but by the asset manager for VA. If… read more →
The Anchorage Daily News says that Alaska’s Housing Prices dropped the fastest in a year. They were quoting the Arkansas Democrat Gazette, reporting on the Office of Federal Housing Enterprise Oversight. A misunderstanding of how to use statistics led to the erroneous headline. While it is true that the average sales price dropped significantly in Alaska this year, it is not true that the value of the average house dropped… read more →
I read quite a few articles on the financial markets every week. For quite a while now there have been whispered warnings of inflation. That whisper has now grown to a roar. Oil prices have not settled, increasing the cost of all energy. It has increased the cost of everything that needs to be transported from place to place. Now, with the crazy weather in the corn belt you can expect higher… read more →
I showed a house last Friday to a couple that had already made up their mind. They wanted this house. They didn’t want to look at any other houses because this one was perfect. In fact it was so perfect they wanted it just the way it was. The seller was planning to sell some furniture, lawn mowers, and other personal items at a garage sale. The buyer wanted it all…and… read more →