Fairbanks Alaska - Condo Market Report January 2008

Buyers are fortunate to have a large pool of condo listings on the market. Prices range from an affordable $87,000 for a one bedroom one bath unit near the University of Alaska Fairbanks to $360,000 for a new 3 bedroom 2 bath unit in a gated community. Most Fairbanks condo's are low rise or townhouse style; A plan to build a high rise in the downtown area has been stalled for quite some time due to funding issues.

Association fees range from a low of $200+/- to a high of $500+ per month. Certainly not all, but most condo associations cover heat, water/sewer, refuse, structural insurance, building maintenance, snow removal and lawn maintenance. There are a few condo associations, such as Woodside North, where individual unit owners cover their own heating costs. Woodside North condo fees average $170+/- per month, a considerable savings over those associations where heat is not paid by the unit owner(s).

Considering a condo purchase? Check out our Fairbanks Condominium Directory then call or email us for a no-obligation list of Fairbanks condo's for sale.

Jesse & Kathy Clifton, better known as 'The Spouses' are full time Realtors serving Fairbanks Alaska buyers and sellers. They specialize in residential real estate; new and existing construction as well as undeveloped land in Fairbanks, North Pole, Ft. Wainwright, Eielson Air Force Base and Interior Alaska. Visit their website to review the fee market reports designed to keep you updated on the local Fairbanks Alaska real estate market. Have specific questions? Feel free to contact them anytime. They would love to hear from you.