It looks like the beautiful fall has helped keep the Fairbanks real estate market moving forward. Although the total number of homes sold has dropped a bit, the average sales price is up and time on the market is down...
The sellers and buyers we talk to are all bullish on the Fairbanks real estate market. A few sellers are making concesions to get their homes sold, but many are getting every nickel of their asking price. We just put a listing under contract where there were multiple buyers competing for the property. Consumer confidence is good news for both Fairbanks buyers and sellers.
Average Sales Price - UP
Average Days on the Market - DOWN
Homes Sold - DOWN
List to Sales Price Ratio - UP
Is this a good time to buy Fairbanks real estate? It very well could be. Prices have come down, seller concessions are available and as of this morning a 30 year fixed rate loan will cost you 3.875%! Call us at 907-699-6024 or contact us online today to start the search for your piece of the Last Frontier.