Fairbanks Alaska Real Estate - December 2008 Market Review
Yes, the title says December. It's been a busy month for the Fairbanks estate market... or at least it has for our office. End of month stats will ultimately tell the tale if it's market wide.
We saw some surprising numbers in December. Although the number of Fairbanks homes sold was down 19% over December 2007, we saw a near 36% increase in sales over November 2008. Many folks I spoke to were expecting the December numbers to be quite bleak.
Homes in Fairbanks spent less time on the market in December than almost any other time in 2008. June and July had an average days on the market of 90 & 96, respectively. December came in third place with 100; a full 24% lower than in November.
Of the homes we sold in December, more than 50% were competing with at least one other offer. What does this all mean? It means if you're serious about buying a home in Fairbanks, you shouldn't stay on the fence. There are good values to be had and in some cases, generous seller concessions. You might get a better deal if you wait, but chances are good that you could end up with heartburn over the one that got away.
Together, the Air Force Sergeants Association, the Airmen Memorial Foundation and the Chief Master Sergeants of the Air Force Association offer annual scholarships to eligible, dependent children of Air Force Active Duty, Air National Guard, Air Force Reserve Command enlisted members and Air Force Sergeants Association Members in active, retired or veteran status.
More than $1.5 million has been awarded through the AFSA Scholarship programs. Dependents with a grade point average of 3.5 or higher and a minimum combined SAT score of 1650 or a combined ACT score of 24 are encouraged to submit an application.
Applications for the upcoming academic year are available between November 1 and March 31. Completed application packages with all required documents can be sent to AFSA Headquarters between January 1 and March 31. Incomplete packages or packages received after March 31 won't be considered.
The Air Force Sergeants Association awarded $20,500 for the 2007/2008 school year to 10 applicants, ranging from $1,500 to $2,500. Since 1968 AFSA has awarded more than $650,000 in scholarships.
The Chief Master Sergeants of the Air Force Scholarship Program awarded $14,000 for the 2007/2008 school year to 11 applicants, ranging from $1,000 to $3,000. Since its inception in 1988 the CMSAF scholarship Fund has awarded more than $237,000 in financial aid.
The Airmen Memorial Foundation Scholarship program awarded $25,500 for the 2007/2008 school year to 22 students. Since inception the AMF has awarded $372,000 to eligible students.
Scholarships are awarded in each program based on the applicant's academic record, character, leadership skills, writing ability, versatility and potential for success, but not necessarily financial need.
The men and women who have worn and continue to wear the uniform of the United States of America make it possible to enjoy the freedoms so many take for granted. If you're so inclined, a tax deductible donation can be made to any of the three scholarship programs.
Download a AFSA/CMSAF/AMF scholarship application (application instructions here). Mail the completed application (or donations) to:
AFSA/CMSAF/AMF Scholarship Fund
5211 Auth Road
Suitland, Maryland 20746
If selected, recipients will be notified by mail with checks being disbursed to their respective school of choice on September 1st. Scholarship funds may be used for tuition, fees, room and board, books, supplies, meals, or transportation. Have additional questions? Contact the AFSA staff toll free at (800) 638-0594.
Photo of the US Air Force Memorial courtesy of our buddy George Brett in Falls Church. Thanks for your service, George. God bless all our men and women in uniform around the globe.
Yesterday while standing in line at the grocery store I overheard two fellows talking about Mt. Redoubt. I was thumbing through the latest National Enquirer Alaska magazine while waiting on the cashier to figure out what the produce code for a yellow squash was when I overheard...
"All we need is to find a few good virgins and the volcano gods will be happy again."
After a round of hearty laughter the other fellow looks at him and says "yea right, do they even make them anymore."
The official news from the Alaska Volcano Observatory is that we're still experiencing significant seismic activity and runoff on the north side of the mountain, but no eruption yet. From the AVO website:
"A high intensity burst of volcanic tremor occurred from about 2:44 through 2:50 AST this morning at Redoubt. The tremor episode appears to have ended for now. There was no eruption associated with this tremor."
Today it's Mt. Redoubt, tomorrow it could be an earthquake or a power grid failure. Are you prepared for even a short term disaster?
The Alaska Department of Homeland Security has a great website dedicated to emergency preparedness. The site contains a guide that will show you how to build a seven days survival kit over the next twenty-four weeks. The Centers for Disease Control and the Federal Emergency Management Agency have voluminous information on disaster preparedness.
Wilderness Medicine by Paul Auerbach is a great medical reference for your home library. It's a no-nonsense guide to treating just about any medical issue you could possibly have. Dare to Prepare, Emergency Food Storage & Survival, and Crisis Preparedness, are all good reference books.
Most Fairbanks condominium fees include heating oil/natural gas, water/sewer, lawn care, snow removal, refuse service, structural insurance and building maintenance. There are a handful of condominiums that include everything listed above except heating oil/natural gas. For those select developments the condominium fees are generally considerably less.
Although 2008 brought an increase in the average cost of a Fairbanks Condo, it also brought a slightly longer marketing time and fewer condo's sold overall. Many buyers said the rising HOA dues were a significant factor in their looking at other housing options. Several area condo associations saw their monthly dues climb past the $600/month mark.
Search the Fairbanks MLS for available condominiums then call or email us with any questions or to arrange a personal tour.
Below you'll find a comprehensive list of the condominium developments in Fairbanks and North Pole as well as the reported sales, average price, days on the market and homeowners association dues.
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Advanced Townhomes Condominiums
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Year | Units Sold | Average Price | Average DOM | Average HoA Dues | 1999 | --- | -- | -- | -- | 2000 | --- | -- | -- | -- | 2001 | --- | -- | -- | -- | 2002 | --- | -- | -- | -- | 2003 | --- | -- | -- | -- | 2004 | --- | -- | -- | -- | 2005 | 2 | $194,000 | 68 | UNK | 2006 | 22 | $189,200 | 215 | $328.11 | 2007 | 2 | $206,000 | 77 | $446 | 2000 | 1 | $194,000 | 55 | $458 |
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Aurora Estates Condominiums
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Year | Units Sold | Average Price | Average DOM | Average HoA Dues | 1999 | 2 | $77,900 | 38 | $250 | 2000 | 1 | $78,000 | 10 | $263 | 2001 | --- | -- | -- | -- | 2002 | 1 | $84,900 | 6 | $273 | 2003 | --- | -- | -- | -- | 2004 | 3 | $106,800 | 6 | $289 | 2005 | --- | -- | -- | -- | 2006 | --- | -- | -- | -- | 2007 | --- | -- | -- | -- | 2008 | 1 | $150,000 | 270 | $420 |
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Beaver Springs Condominiums
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| Year | Units Sold | Average Price | Average DOM | Average HoA Dues | 1999 | --- | -- | -- | -- | 2000 | 1 | $95,500 | 15 | UNK | 2001 | 2 | $95,075 | 7 | $100 | 2002 | --- | -- | -- | -- | 2003 | --- | -- | -- | -- | 2004 | --- | -- | -- | -- | 2005 | 3 | $119,433 | 57 | $100 | 2006 | 1 | $132,500 | 37 | $100 | 2007 | --- | -- | -- | -- | 2008 | 1 | $118,000 | 321 | $0.00 |
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Complex 825 Condominium
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Year | Units Sold | Average Price | Average DOM | Average HoA Dues | 1999 | --- | -- | -- | -- | 2000 | --- | -- | -- | -- | 2001 | --- | -- | -- | -- | 2002 | --- | -- | -- | -- | 2003 | --- | -- | -- | -- | 2004 | --- | -- | -- | -- | 2005 | --- | -- | -- | -- | 2006 | --- | -- | -- | -- | 2007 | 2 | $165,000 | 32 | $295 | 2008 | --- | -- | -- | -- |
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Blevins Condominiums
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| Year | Units Sold | Average Price | Average DOM | Average HoA Dues | 1999 | 0 | -- | -- | -- | 2000 | 0 | -- | -- | -- | 2001 | 1 | $48,000 | 228 | $250 | 2002 | 1 | $50,000 | N/A | $263 | 2003 | 0 | -- | -- | -- | 2004 | 0 | -- | -- | -- | 2005 | 1 | $83,000 | 56 | $263 | 2006 | 2 | $85,250 | 223 | $283 | 2007 | 1 | $55,000 | 312 | $220 | 2008 | --- | -- | -- | -- |
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Bryn Mawr Condominiums
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Year | Units Sold | Average Price | Average DOM | Average HoA Dues | 1999 | 3 | $64,333 | 52 | $227 | 2000 | 3 | $65,800 | 48 | $227 | 2001 | 3 | $71,667 | 84 | $235 | 2002 | 1 | $69,600 | 4 | $224 | 2003 | --- | -- | -- | -- | 2004 | 4 | $95,225 | 16 | $253 | 2005 | 6 | $103,717 | 30 | $306 | 2006 | 4 | $116,350 | 39 | $353 | 2007 | 5 | $128,300 | 19 | $384 | 2008 | 5 | $113,200 | 66 | $386 |
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Castle Place Condominiums
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Year | Units Sold | Average Price | Average DOM | Average HoA Dues | 1999 | 14 | $60,236 | 97 | $163 | 2000 | 13 | 58,712 | 335 | $175 | 2001 | 27 | $57,300 | 352 | $173 | 2002 | 7 | $60,539 | 20 | $161 | 2003 | --- | -- | -- | -- | 2004 | 8 | $81,350 | 9 | $170 | 2005 | 3 | $87,667 | 20 | $191 | 2006 | 8 | $91,862 | 80 | $232 | 2007 | 2 | $109,326 | 35 | $207 | 2008 | 6 | $105,000 | 57 | $242 |
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Cedar Plaza Condominiums
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Year | Units Sold | Average Price | Average DOM | Average HoA Dues | 1999 | --- | -- | -- | -- | 2000 | 1 | $34,500 | 112 | $150 | 2001 | 3 | $48,167 | 334 | 154 | 2002 | 1 | $45,500 | 1 | $150 | 2003 | --- | -- | -- | -- | 2004 | 2 | $49,900 | 5 | $150 | 2005 | --- | -- | -- | -- | 2006 | --- | -- | -- | -- | 2007 | 1 | $70,000 | 8 | $200 | 2008 | 1 | $85,000 | 38 | $275 |
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Dartmouth House Condominiums
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| Year | Units Sold | Average Price | Average DOM | Average HoA Dues | 1999 | --- | -- | -- | -- | 2000 | 1 | $26,000 | 7 | $150 | 2001 | --- | -- | -- | -- | 2002 | --- | -- | -- | -- | 2003 | --- | -- | -- | -- | 2004 | 1 | 62,500 | 15 | $170 | 2005 | --- | -- | -- | -- | 2006 | 1 | $67,500 | 145 | $200 | 2007 | --- | -- | -- | -- | 2008 | --- | -- | -- | -- |
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Destinations North Condominiums
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| Year | Units Sold | Average Price | Average DOM | Average HoA Dues | 1999 | --- | -- | -- | -- | 2000 | --- | -- | -- | -- | 2001 | --- | -- | -- | -- | 2002 | --- | -- | -- | -- | 2003 | --- | -- | -- | -- | 2004 | --- | -- | -- | -- | 2005 | --- | -- | -- | -- | 2006 | --- | -- | -- | -- | 2007 | --- | -- | -- | -- | 2008 | --- | -- | -- | -- |
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Denali Estates Condominiums
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Year | Units Sold | Average Price | Average DOM | Average HoA Dues | 1999 | 1 | $117,500 | 1 | $280 | 2000 | 3 | $100,333 | 57 | $231 | 2001 | 1 | $87,500 | 80 | $226 | 2002 | 2 | $112,950 | 162 | $263 | 2003 | --- | -- | -- | -- | 2004 | 1 | $132,500 | 8 | $284 | 2005 | 1 | $140,000 | 53 | $248 | 2006 | 4 | $154,000 | 44 | $302 | 2007 | --- | -- | -- | -- | 2008 | --- | -- | -- | -- |
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Eagles Nest Condominiums
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Year | Units Sold | Average Price | Average DOM | Average HoA Dues | 1999 | --- | -- | -- | -- | 2000 | --- | -- | -- | -- | 2001 | --- | -- | -- | -- | 2002 | --- | -- | -- | -- | 2003 | --- | -- | -- | -- | 2004 | --- | -- | -- | -- | 2005 | 7 | $190,018 | 102 | $363 | 2006 | 9 | $205,190 | 224 | $363 | 2007 | 2 | $216,250 | 35 | $362 | 2008 | 3 | $205,000 | 262 | $387 |
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Eldorado Estates Condominiums
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Year | Units Sold | Average Price | Average DOM | Average HoA Dues | 1999 | 2 | $110,500 | 42 | $249 | 2000 | 1 | $125,000 | 205 | $259 | 2001 | 4 | 128,500 | 278 | 274 | 2002 | 5 | $112,500 | 189 | 262 | 2003 | --- | -- | -- | -- | 2004 | 1 | $137,000 | 31 | $270 | 2005 | 6 | $160,500 | 21 | $385 | 2006 | 2 | $164,500 | 72 | $385 | 2007 | 4 | $162,500 | 42 | $416 | 2008 | 3 | $171,667 | 99 | $344 |
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Georgetown Commons Condominiums
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Year | Units Sold | Average Price | Average DOM | Average HoA Dues | 1999 | 1 | $45,000 | 55 | $194 | 2000 | 8 | $57,867 | 140 | $203 | 2001 | --- | -- | -- | -- | 2002 | --- | -- | -- | -- | 2003 | --- | -- | -- | -- | 2004 | 1 | $89,900 | 4 | $UNK | 2005 | 4 | $82,475 | 22 | $236 | 2006 | 2 | $96,750 | 18 | $255 | 2007 | 1 | $92,500 | 3 | $246 | 2008 | 1 | $125,000 | 7 | $296 |
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Gold Crest Estates Condominiums
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| Year | Units Sold | Average Price | Average DOM | Average HoA Dues | 1999 | 1 | $87,500 | 115 | $100 | 2000 | --- | -- | -- | -- | 2001 | 4 | $98,975 | 35 | $100 | 2002 | 1 | $127,890 | 4 | $100 | 2003 | --- | -- | -- | -- | 2004 | --- | -- | -- | -- | 2005 | --- | -- | -- | -- | 2006 | 1 | $155,000 | 7 | $160 | 2007 | --- | -- | -- | -- | 2008 | 1 | $152,250 | 94 | $170 |
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Hamilton Estates Condominium
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Year | Units Sold | Average Price | Average DOM | Average HoA Dues | 1999 | 2 | $74,000 | 55 | $237 | 2000 | 4 | $95,833 | 81 | $225 | 2001 | 1 | $77,000 | 58 | 238 | 2002 | 2 | $68,250 | 114 | 231 | 2003 | --- | -- | -- | -- | 2004 | 3 | $91,333 | 26 | $263 | 2005 | --- | -- | -- | -- | 2006 | 3 | $109,750 | 19 | $335 | 2007 | 3 | $127,167 | 42 | $328 | 2008 | 2 | $130,750 | 47 | $342 |
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Linck Estates Condominiums
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Year | Units Sold | Average Price | Average DOM | Average HoA Dues | 1999 | --- | -- | -- | -- | 2000 | --- | -- | -- | -- | 2001 | --- | -- | -- | -- | 2002 | 1 | $170,000 | 53 | $362 | 2003 | --- | -- | -- | -- | 2004 | 1 | $165,000 | 216 | $350 | 2005 | --- | -- | -- | -- | 2006 | 1 | $185,000 | 84 | $350 | 2007 | 2 | $187,500 | 66 | $390 | 2008 | 1 | $195,000 | 127 | $448 |
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Marika Royal Condominiums
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Year | Units Sold | Average Price | Average DOM | Average HoA Dues | 1999 | --- | -- | -- | -- | 2000 | 2 | $91,200 | 35 | $230 | 2001 | --- | -- | -- | -- | 2002 | --- | -- | -- | -- | 2003 | --- | -- | -- | -- | 2004 | --- | -- | -- | -- | 2005 | 1 | $160,000 | 111 | $380 | 2006 | --- | -- | -- | -- | 2007 | 1 | $169,000 | 27 | $400 | 2008 | --- | -- | -- | -- |
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Mayfair Condominiums
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Year | Units Sold | Average Price | Average DOM | Average HoA Dues | 1999 | --- | -- | -- | -- | 2000 | --- | -- | -- | -- | 2001 | --- | -- | -- | -- | 2002 | --- | -- | -- | -- | 2003 | --- | -- | -- | -- | 2004 | 1 | $149,500 | 139 | $325 | 2005 | 9 | $142,111 | 68 | $325 | 2006 | 4 | $148,000 | -- | 2007 | -- | -- | -- | -- | 2007 | 2 | $153,500 | 48 | 385 |
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Nantucket Square Condominium
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Year | Units Sold | Average Price | Average DOM | Average HoA Dues | 1999 | --- | -- | -- | -- | 2000 | --- | -- | -- | -- | 2001 | --- | -- | -- | -- | 2002 | --- | -- | -- | -- | 2003 | --- | -- | -- | -- | 2004 | 12 | $113,625 | 73 | $280 | 2005 | 17 | $121,393 | 57 | $287 | 2006 | 8 | 122,158 | 49 | $272 | 2007 | 7 | $137,486 | 19 | $294 | 2008 | 4 | $143,000 | 35 | $509 |
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Park South Condominium
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Year | Units Sold | Average Price | Average DOM | Average HoA Dues | 1999 | --- | -- | -- | -- | 2000 | 1 | $46,500 | 59 | 90 | 2001 | --- | -- | -- | -- | 2002 | --- | -- | -- | -- | 2003 | --- | -- | -- | -- | 2004 | 1 | $55,000 | 21 | $165 | 2005 | --- | -- | -- | -- | 2006 | 1 | $78,000 | 138 | $125 | 2007 | --- | -- | -- | -- | 2008 | 1 | $69,900 | 33 | $275 |
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Regency Park Condominium
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Year | Units Sold | Average Price | Average DOM | Average HoA Dues | 1999 | 2 | $39,500 | 43 | $220 | 2000 | --- | -- | -- | -- | 2001 | 3 | $39,000 | 66 | $220 | 2002 | 1 | $45,000 | 22 | $220 | 2003 | --- | -- | -- | -- | 2004 | --- | -- | -- | -- | 2005 | --- | -- | -- | -- | 2006 | 3 | $67,467 | 53 | $260 | 2007 | 1 | $69,900 | 186 | $250 | 2008 | 1 | $90,000 | 20 | $300 |
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Ridgetop Condominium
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Year | Units Sold | Average Price | Average DOM | Average HoA Dues | 1999 | 2 | $52,125 | 43 | $195 | 2000 | 1 | $60,000 | 41 | $200 | 2001 | --- | -- | -- | -- | 2002 | 1 | $68,500 | 3 | $190 | 2003 | --- | -- | -- | -- | 2004 | --- | -- | -- | -- | 2005 | 3 | $87,333 | 30 | $222 | 2006 | 5 | $89,100 | 40 | $266 | 2007 | 1 | $105,000 | N/A | $360 | 2008 | --- | -- | -- | -- |
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River Bend Condominiums
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Year | Units Sold | Average Price | Average DOM | Average HoA Dues | 1999 | --- | -- | -- | -- | 2000 | --- | -- | -- | -- | 2001 | --- | -- | -- | -- | 2002 | --- | -- | -- | -- | 2003 | --- | -- | -- | -- | 2004 | --- | -- | -- | -- | 2005 | --- | -- | -- | -- | 2006 | --- | -- | -- | -- | 2007 | 1 | $350,000 | N/A | $185 | 2008 | 1 | $350,000 | 164 | $185 |
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Riverside West Condominiums
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| Year | Units Sold | Average Price | Average DOM | Average HoA Dues | 1999 | 3 | $88,800 | 77 | $254 | 2000 | 2 | $104,200 | 22 | $266 | 2001 | 4 | $110,875 | 19 | $264 | 2002 | 4 | $119,800 | 62 | 261 | 2003 | --- | -- | -- | -- | 2004 | 1 | $149,900 | 52 | $272 | 2005 | 2 | $141,000 | 48 | $290 | 2006 | 1 | $186,000 | 45 | $295 | 2007 | --- | -- | -- | -- | 2008 | --- | -- | -- | -- |
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River View Villas Condominiums
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Year | Units Sold | Average Price | Average DOM | Average HoA Dues | 1999 | 3 | $72,833 | 71 | $255 | 2000 | 1 | $77,000 | N/A | $250 | 2001 | 2 | $78,250 | 27 | $250 | 2002 | 1 | $83,000 | 8 | $250 | 2003 | --- | -- | -- | -- | 2004 | --- | -- | -- | -- | 2005 | 1 | $126,000 | 80 | $305 | 2006 | 1 | $130,500 | 45 | $295 | 2007 | 2 | $135,500 | 34 | $370 | 2008 | 2 | $144,500 | 26 | $370 |
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Sprucewood Court Condominium
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Year | Units Sold | Average Price | Average DOM | Average HoA Dues | 1999 | 1 | $47,000 | 55 | $175 | 2000 | 3 | $46,500 | 92 | -$178 | 2001 | 1 | $53,000 | 2 | $185 | 2002 | --- | -- | -- | -- | 2003 | --- | -- | -- | -- | 2004 | 1 | $70,000 | 71 | $185 | 2005 | 1 | $75,000 | 12 | $205 | 2006 | 3 | 80,427 | 58 | $218 | 2007 | 1 | $88,000 | N/A | UNK | 2008 | 1 | $79,500 | 124 | 250 |
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Sun West Estates Condominium
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Year | Units Sold | Average Price | Average DOM | Average HoA Dues | 1999 | 3 | $54,833 | 70 | $192 | 2000 | 3 | $67,167 | 21 | $231 | 2001 | --- | -- | -- | -- | 2002 | 3 | $63,300 | 16 | $207 | 2003 | --- | -- | -- | -- | 2004 | 6 | $90,583 | 44 | $245 | 2005 | 4 | 93,960 | 41 | $290 | 2006 | 2 | $96,250 | 69 | $304 | 2007 | 1 | $106,000 | 7 | 304 | 2008 | 1 | $103,000 | N/A | 311 |
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Tanana Manor Condominium
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Year | Units Sold | Average Price | Average DOM | Average HoA Dues | 1999 | --- | -- | -- | -- | 2000 | 1 | $42,000 | 116 | $185 | 2001 | --- | -- | -- | -- | 2002 | --- | -- | -- | -- | 2003 | --- | -- | -- | -- | 2004 | --- | -- | -- | -- | 2005 | --- | -- | -- | -- | 2006 | 1 | $78,900 | 59 | $303 | 1007 | -- | -- | -- | -- | 2008 | -- | -- | -- | -- |
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The Villages Condominium
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Year | Units Sold | Average Price | Average DOM | Average HoA Dues | 1999 | --- | -- | -- | -- | 2000 | --- | -- | -- | -- | 2001 | --- | -- | -- | -- | 2002 | --- | -- | -- | -- | 2003 | --- | -- | -- | -- | 2004 | 5 | $105,000 | 61 | $275 | 2005 | 9 | $96,000 | 76 | $262 | 2006 | 5 | 96,980 | 84 | $332 | 2007 | 1 | $131,000 | 58 | $400 | 2008 | 1 | $85,000 | 41 | $370 |
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Townsite Commons Condominiums
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| Year | Units Sold | Average Price | Average DOM | Average HoA Dues | 1999 | --- | -- | -- | -- | 2000 | 1 | $95,500 | 13 | $145 | 2001 | 1 | $95,500 | N/A | $150 | 2002 | 1 | $109,000 | 39 | $157 | 2003 | --- | -- | -- | -- | 2004 | --- | -- | -- | -- | 2005 | 1 | $145,000 | 42 | $175 | 2006 | 2 | 143,950 | 37 | $175 | 2007 | --- | -- | -- | -- | 2008 | --- | -- | -- | -- |
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University Estates Condominium
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Year | Units Sold | Average Price | Average DOM | Average HoA Dues | 1999 | --- | -- | -- | -- | 2000 | --- | -- | -- | -- | 2001 | 2 | $55,500 | 285 | $275 | 2002 | 6 | $56,132 | 603 | $275 | 2003 | --- | -- | -- | -- | 2004 | 4 | $83,375 | 22 | $275 | 2005 | 1 | $96,000 | 66 | $175 | 2006 | --- | -- | -- | -- | 2007 | 5 | $104,380 | 68 | $400 | 2008 | --- | -- | -- | -- |
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University Manor Condominiums
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Year | Units Sold | Average Price | Average DOM | Average HoA Dues | 1999 | 2 | $88,125 | 256 | $132 | 2000 | --- | -- | -- | -- | 2001 | 2 | $85,250 | 28 | $189 | 2002 | --- | -- | -- | -- | 2003 | --- | -- | -- | -- | 2004 | 1 | $124,900 | 30 | $305 | 2005 | 1 | $125,000 | 121 | $289 | 2006 | --- | -- | -- | -- | 2007 | 1 | $164,000 | 24 | $312 | 2008 | --- | -- | -- | -- |
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University Park Condominium
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Year | Units Sold | Average Price | Average DOM | Average HoA Dues | 1999 | --- | -- | -- | -- | 2000 | 3 | $47,000 | 109 | $235 | 2001 | 3 | $48,672 | 55 | $248 | 2002 | 4 | $46,875 | 57 | $243 | 2003 | --- | -- | -- | -- | 2004 | 7 | $65,928 | 134 | $246 | 2005 | 4 | $73,750 | 62 | $273 | 2006 | 2 | $81,375 | 30 | $290 | 2007 | 4 | $74,225 | 16 | $315 | 2008 | --- | -- | -- | -- |
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Village Green Condominium
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Year | Units Sold | Average Price | Average DOM | Average HoA Dues | 1999 | --- | -- | -- | -- | 2000 | 1 | $83,000 | 28 | $295 | 2001 | --- | -- | -- | -- | 2002 | --- | -- | -- | -- | 2003 | --- | -- | -- | -- | 2004 | --- | -- | -- | -- | 2005 | 3 | $136,633 | 20 | $350 | 2006 | 3 | $150,083 | 84 | $417 | 2007 | 3 | $160,833 | 41 | $458 | 2008 | 1 | $161,650 | 55 | $385 |
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Wickersham Place Condominium
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Year | Units Sold | Average Price | Average DOM | Average HoA Dues | 1999 | -1 | $75,000 | 167 | $200 | 2000 | 1 | $68,000 | 8 | $200 | 2001 | 3 | $70,167 | 100 | $255 | 2002 | 1 | $83,700 | 48 | $261 | 2003 | --- | -- | -- | -- | 2004 | --- | -- | -- | -- | 2005 | --- | -- | -- | -- | 2006 | 1 | $82,000 | N/A | $255 | 2007 | 1 | $130,000 | 23 | 346 | 2008 | 1 | $99,900 | 72 | $407 |
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Williamsburg Commons Condominium
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Year | Units Sold | Average Price | Average DOM | Average HoA Dues | 1999 | 1 | $75,000 | 135 | $245 | 2000 | 5 | $74,300 | 83 | $259 | 2001 | 1 | 79,500 | 107 | $UNK | 2002 | 3 | $80,000 | 60 | $251 | 2003 | --- | -- | -- | -- | 2004 | 3 | $99,333 | 6 | $261 | 2005 | 4 | $91,500 | 41 | $301 | 2006 | --- | -- | -- | -- | 2007 | 1 | $114,500 | 29 | $380 | 2008 | 1 | $135,000 | 50 | $491 |
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Woodridge Park Condominium
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Year | Units Sold | Average Price | Average DOM | Average HoA Dues | 1999 | 2 | $30,950 | 204 | $215 | 2000 | 2 | $40,000 | 219 | $180 | 2001 | 1 | $47,000 | 87 | $160 | 2002 | 1 | $54,000 | 37 | $160 | 2003 | --- | -- | -- | -- | 2004 | 2 | $69,250 | 27 | $203 | 2005 | 2 | $60,000 | 32 | $207 | 2006 | 2 | $67,850 | 92 | $250 | 2007 | 2 | $81,500 | 34 | $287.50 | 2008 | --- | -- | -- | -- |
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Woodside North Condominiums
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Year | Units Sold | Average Price | Average DOM | Average HoA Dues | 1999 | 5 | $124,300 | 68 | $150 | 2000 | 2 | $125,750 | 4 | $150 | 2001 | 4 | $134,125 | 20 | $160 | 2002 | 5 | $138,940 | 19 | $160 | 2003 | --- | -- | -- | -- | 2004 | 3 | $147,467 | 21 | $162 | 2005 | 5 | $184,300 | 34 | 202 | 2006 | 6 | $202,833 | 76 | $266 | 2007 | 4 | $846,000 | 110 | $269 | 2008 | 1 | $189,250 | 91 | $435 |
News from the Alaska Volcano Observatory this morning suggest we're getting closer to a Mt. Redoubt eruption. Located approximately 95 miles southwest of Anchorage, Mt. Redoubt has been showing increased seismec activity for more than a week.
While an eruption hasn't ocurred yet, smoke plumes have been spotted on a number of ocassions and hole in the glacier has greatly enlarged since the last AVO overflight, suggesting the likelyhood of an eruption remains very high.
According to the latest measurements, the opening in the glacier is now the size of two football fields wide and increasing. The photo to the left is courtest of Chris Waythomas of the Alaska Volcano Observatory and the US Geological Service. Please take precautions for a possible eruption!
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The premier real estate team in the Golden Heart City; we provide results oriented buyer and seller representation.
We are Jesse & Kathy Clifton, better known as simply The Spouses. As full-time professional REALTORS®, we are committed to providing our clients with the most knowledgeable, professional and experienced real estate service available.
The-Spouses.com is the creation of Jesse & Kathy Clifton, REALTORS®. Frustrated with the limitations on most websites available to our customers, we created the website in order to give not just our customers, but all of Interior Alaska, a great real estate experience.
The most differentiating aspect of The-Spouses.com is that we make it easy to find the properties and information that you want. Our goal is to provide the most real estate information to the Fairbanks community - even to those people who may never choose to use our services.
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Integrity, Honesty, and Great Customer service are the hallmarks of our practice.
In short, The-Spouses.com is about having a great real estate experience, whether you are buying and selling, or just browsing to see what's out there.
We specialize in residential real estate; new construction and existing single and multi family homes as well as undeveloped land in Fairbanks and the surrounding communities of North Pole, Salcha, Fox, Two Rivers, Ester, Ft. Wainwright Army Post and Eielson Air Force Base. As full-time professional REALTORS®, we are committed to providing our clients with the most knowledgeable, professional and experienced real estate service available. Any agent can open a door; we believe it's our responsibility to protect and promote your best interests throughout the transaction. Anything less is simply unacceptable.
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Jesse & Kathy Clifton
Spouses Selling Houses
Jesse Clifton & Associates, REALTORS
250 N. Cushman Street, 4G
Fairbanks, Alaska 99701
Direct: (907) 699-6024 Fax: (866) 421-4339
www.the-spouses.com - jesse@the-spouses.com
Follow us on Twitter: @thespouses
Fairbanks; The Golden Heart city of Alaska.
The city of Fairbanks is located in Interior Alaska near the confluence of the Chena and Tanana Rivers in the Tanana Valley. We are 360 miles north of Anchorage, 125 south of the Arctic Circle, 3,500 miles from Los Angeles and 4,200 miles from Washington, DC. Nicknamed "The Golden Heart City", Fairbanks is the largest city in the interior region and the second largest in Alaska.
Founded in 1901 by Captain E.T. Barnette as a trading post on the Chena River, the community grew and was eventually named after Senator Charles Fairbanks. The discovery of Gold in the hills just north of Fairbanks caused a mass influx of residents, bringing the population to almost 11,000 in 1910. Ladd Field, now Fort Wainwright, was built in 1938 followed by the Alcan Highway in 1940's and Eielson Air Force Base, formerly Satellite Field, in 1943, bringing the military population to almost isto be just shy of 19,921.
An Act of the Alaska Legislature created the Fairbanks North Star Borough in 1964; the year of the fateful Good Friday Earthquake that shook anchorage and three years before Fairbanks suffered a devastating flood at the hands of the Chena River. According to records the population of Fairbanks in 1880 was approximately 2,600 and has since swelled to almost 90,000 in the North Star Borough with projections for nearly 105,000 by the year 2018.
The Fairbanks economy is based on tourism, the state's oil revenue and federal government expenditures for the military, administration of federal agencies and research grants. As Alaska's second largest city, Fairbanks is an important trading, transportation and military center. Residents of nearby North Pole, Fort Wainwright Army Post, Eielson Air Force Base and surrounding areas come to Fairbanks for shopping, entertainment and employment.
The Interior and Fairbanks in particular are known to have some of the most extreme weather conditions in the country due to significant changes in solar heat throughout the year. The winters are long, usually lasting from late September to mid-April. From November to March, daylight ranges from ten to less than four hours daily and temperatures can drop to 50 degrees below zero. The summers are very warm, often reaching 80 degrees Fahrenheit and sometimes reaching the 90's. The sun is above the horizon eighteen to twenty-one hours per day. August and September tend to be the rainier months and snow tends to fall the last week of September leading back into the winter season.
Fairbanks is home to the University of Alaska Fairbanks; the flagship campus of the University of Alaska system. Originally founded as the Alaska Agricultural College and School of Mines in 1917 it became the University of Alaska in 1935. UAF remains the only campus in the University of Alaska system that awards doctoral degrees and holds the distinction of being one of only thirteen Land, Sea and Space Grant Universities in the country.
The University of Alaska Fairbanks encompasses eight campuses, plus the Center for Distance Education, offering 163 degrees and 25 certificates in 115 disciplines. 9,681 students are currently enrolled at the various campuses in the UAF system with 88% pursuing an undergraduate degree. 833 certificate, associate or baccalaureate degrees and 204 master's and doctoral degrees were conferred in the spring of 2007.
Located on the main campus of the University of Alaska Fairbanks, The Rasmuson Library is the largest library in the State of Alaska with 1.1 million volumes and electronic access to more than 20 million titles worldwide. The UAF campus is also home to the Museum of the North which boasts a rare and unique collection of more than 1 million objects.
University athletics are a vital part of the community. Dubbed the Nanooks; UAF athletics are composed of Division I hockey team, a Division II basketball team, mens and women's cross country skiing, rifle, women's swimming and volleyball.
Alaska is an outdoors paradise. We are blessed to have incredible hunting and fishing opportunities within an hours drive of Fairbanks. No matter what outdoor activity you're into, you can find it in Fairbanks. Summer or winter, there are plenty of sports to keep you breathing fresh Alaskan air.
Having called Alaska home for almost 30 years, we can't imagine living anywhere else. Considering a move to Fairbanks? Call at 907-699-6024 or contact us online; we would love to hear from you.
We love our clients; most have become close friends who continually refer other friends and family members to us because they know we have their best interest at heart. Our greatest achievement is in knowing we've made a difference; professionally as well as personally.
Kathy & Jesse! What a pair of "Spouses Selling Houses"!! Truly two wonderful helpful people that anyone wanting to buy or sell a house would want to know! When we were in the market to buy and sell, they never pressured, they were on top of every stop that needed to be taken. They provided answers to every inexperienced question we asked. They took car of unseen details and went to bat when there were snags. Truly a couple we feel are friends. Our home is our haven, thanks to these two hard working "Spouses". Recommend them... You had better believe it! ~ Mr. & Mrs. Mobley, Fairbanks
Jesse and Kathy are absolutely the best! They both gave me very good advice and I was happy to have folks who would give me honest advice. It was the first time I had looked into buying a house and lots of friends told me to avoid going through a REALTOR, that I would find better deals if I didn't have to deal with the REALTOR's "take." My friends were so wrong, Jesse and Kathy know the housing market, understand the intricacies of housing loans, and have a complete grasp on all the legalities of buying and selling. They definitely went to bat for me and protected me from my own naivety. I was and am very grateful that Jesse and Kathy were there helping me through every step of a confusing and some times frustrating process. ~ Ms. G. Russell, Fairbanks
Jesse assisted me with the process of finding and financing my home in Fairbanks in record time. I came into town on a mission with time constraints and high expectations that it could happen, and thanks to Jesse, it did! When the time came to make a decision, he gave me sound and honest advice... Jesse has the instincts, patience, and knowledge to match home to owner. And after the deal is struck, he is still there to guide you through the process of ownership. You know he is a phone call away and never too busy to take your call. Both he and his wife, Kathy, have a genuine interest in their clients. I don't believe we are seen as just customers, but as new members of the community to be supported and welcomed as neighbors and friends. They both continue to make me feel that way. ~ Ms. Salisbury, Fairbanks
We had our home listed with another agent for more than 8 months before listing it with Jesse & Kathy. The friend that referred them to us said they were the best agents in town. We agree! They gave us the honest advice we needed to hear about our asking price and the repairs we needed to make. Our home sold in a month and we are now in our new highly recomment them to everyone we know. ~ Mr. & Mrs. L. Trumball, Fairbanks
We love Jesse & Kathy. They are not just our Realtors. They are our friends. We were a wreck trying to coordinate selling our current home and closing on the new one. Despite probably driving them crazy with phone calls and questions, they were always available. We can't imagine buying or selling a home without their help. ~ Mr. & Mrs. T. Roberts
Dear Jesse & Kathy, Thank you so much for all your help. Not having ever bought a house before I had no idea what I was getting into. You guys are the best! ~ S. Miller, North Pole
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