The Alaska real estate market continues to grow at an even pace. People are still moving to the Wilderness Frontier, making Alaska relocation more popular in recent years. Whether it is from a job transfer or retirement, baby boomers make up the highest portion of people moving in to Alaska. The Alaska real estate market is equal between buyers and sellers and the demand remains consistent in all price ranges.
Anchorage real estate is the fastest market around. It is one of the biggest cities, making it desirable for families since it has medical and educational facilities close by. The average price of a house in Anchorage is $170,000.
Fairbanks real estate is also growing. The city has a great reputation with its schools, and that alone brings in families and young people. The average home sale price was $158,000 with houses sitting on the market for 35-60 days.
Eagle River real estate prices are up 5-10% from two years ago. The houses are only on the market for 30 days and sell for $350,000 on average. Eagle River has become an upscale community, with many affluent people choosing to move there.