Anchorage Real Estate Market Overview
Public School Ranking:
Selling a House in Anchorage
In the city of Anchorage, October is the most favorable month for home sales. The cities average amount of days it takes to sell a house is 94.75,at a median value of $332,201. When times get tough, people are put in positions that can make a home sale vital. iBuyers aren’t like traditional real estate methods because they work quickly, providing their customers with an instant offer for their homes. With an iBuyer, you won’t have to stress over realtor fees, the uncertainty of load-based offers, or even open houses.
Location and Weather
Anchorage is the fourth largest city in America, and can be located in Southcentral Alaska. Anchorage is at the terminus of the Cook Inlet, a peninsula formed by the Knik Arm to the north and the Turnagain Arm to the south. Anchorage is a major tourist destination recognized for hosting the Alaska Railroad tour, and offering beautiful views on the Tony Knowles Coastal Trail, the Alyeska Aerial Tram and the Alyeska Ski area. Other trails include the Winter Creek Trail, the Byron Glacier Trail and the Flattop Mountain Trail. Anchorage is also a major cargo distribution center, which is why the Ted Stevens Anchorage International Airport is a common refueling stop for international cargo flights.
Anchorage summers are cool and mostly cloudy, while the winters are long, snowy and partly cloudy. The summer temperatures are in the 60’s, with lows in the mid-50’s. Winter temperatures are in the 20’s, with lows in the teens.
Population, Job Market and Cost of Living
Anchorage’s population in 2019 was 298,225, with a growth rate of 4.9%. The job growth has increased by -.81% over the last year and in ten years, is predicted to have increased by 16.10%.The major industries are health care, social assistance, retail trade and public administration. The largest companies to work for are Bristol Bay Native, Chugach Alaska, Anchorage School District, Lynden and the Alaska Native Tribal Health Consortium. The cost of living is high, due to the Anchorage real estate market and cost of available housing.
With a scenic location, many outdoor recreation and touring opportunities, an international airport, mild summers and diverse job opportunities, Anchorage provides its residents with a unique lifestyle on Cook Inlet.