June 2008 Summertime In Alaska

Technically it is summer. Summer solstice will be here next week and Father's Day is this weekend. But, did someone forget to turn on the sunshine? After a slow cold spring many of us convinced ourselves that sunshine would be just around the corner.
Maybe the lack of sun is the reason record numbers of buyers have been on our website looking at homes this past week? It's true there have been double the number of unique visitors on our site this week. If they are interested in buying a home in the price range above $275,000 they will find a huge selection. Take a look at the number of homes on in the Palmer Wasilla area that came on the market this week, versus the homes that pended and sold:
Total Actives New Actives this week New Pendings & New Solds this week
710 60 22 20
When there are more homes being listed for sale than are pending and selling, we are gaining inventory. This trend needs to change before we will have equilibrium in the market place across all price ranges. As I have mentioned before the bright spot is under $275,000. This price range continues to be a normal market with 2-3 months of supply. Over $275,000 continues to be a challenging market with more homes for sale than there are buyers. If you have questions about your home, email me at Kristan@KristanCole.com or call 373-3575. Kristan

State of the Real Estate Market in Alaska

If you are thinking of listing your home in the spring, now is the time to start cleaning up and clearing out the clutter so you’ll be good to go in 2008! I wrote a “State of the Real Estate Market” article for the Frontiersman newspaper that comes out at the end of the month. This is good information for anyone looking to sell in 2008 or anyone just wanting to know the real facts about the residential real estate market.
Attention all seniors graduating from High School in May of 2008. Apply for one of our three scholarships we will be awarding this year. We give away 3 scholarships totaling $3000 each year to graduation seniors.
Attention all renters! This is a great time to buy with low interest rates and several new homes to choose from. Stop throwing away rent and start earning equity.
Red Cross award. The local Red Cross Chapter Thanks the Kristan Cole Team for monetary contributions and whole blood and plasma donations. Also don’t forget about our warm coats—warm hearts coat drive for children. Drop off at our office anytime this month.