It’s mid-June. Close enough to the end of the first 6 months to get a feel for the year so far. I just did some quick comparisons to last year.
I was especially interested in new construction compared to existing home sales. I also took a look at land sales. This is a quick overall view of this year compared to last year.. I will make some closer looks later in the week.
I also removed houses under $150,000. This was a quick easy way to removes cabins and other recreational type of properties.
So here is the quick chart and I’ll make some comments at the bottom.
This shows that total sales are up 27% so far this year. That’s a huge increase…!
But new construction is up even more…44%. That new construction increase brings up an interesting question when you note that land sales stayed almost even.
Land sales stayed almost even so far. So where are they building these new houses? To a certain extent they are building them on land they already own. Some of the larger builders have purchased large tracts and are building on developments they created themselves. We tend to think of Hall Quality Homes and he is the largest in the valley. He has developments in Wasilla and Palmer and just opened up another large development of 150 lots off of Engstrom Road. Other builders are doing similar but smaller projects.
This house on 6854 N Trinity View is not one of these production houses. Kuzina Builders are on site every day overseeing the work and hammering nails themselves. This one story 3 bedroom home will have triple pane windows, a real rock fireplace custom cabinets and lots more. Call me at 232-7900 for more info on this house. The foundation is just going in as you can see in the photos but I will be documenting the construction on this blog as it is built.
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.