Fairbanks AK Real Estate Market Report Sept 2010

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.