As I was pondering the rising cost of housing here in the Mat-Su Valley and across the nation I thought it might be reasonable to expect people to buy smaller houses. So I took a look at the last five years and was extremely surprised to find out I was wrong.
Of course, if you ask my wife she will say that I’m always surprised to find out I’m wrong!
Here is a five-year comparison of the average size of a house, along with the average price per square foot for a house.
Year. Size. $ sq ft. total sold year to date.
2023. 1,839. $229. 831
2022. 1,848. $215. 1,187
2021. 1,936. $184. 1,130
2020. 1,869. $161 925
2019 1,840. $156. 948
So there you go! People are finding ways to afford the same house year after year. I was really surprised to learn this.
Call us if you want to sell or buy a house. Just go to our contact page here: Valley Market Team
PS I mentioned a link to sign up for the market memo…here: Market Memo Subscribe
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.