Real Estate
Eagle River, Alaska (AK)
As a suburb of Anchorage, Eagle River continues to flourish. The population in the past 25 years has almost tripled from slightly over 10,000 to nearly 30,000 people. Tourists come to participate in the annual Bear Paw Festival but choose to stay because of its majestic views and beautiful landscape.
Welcome to Alaska Real Estate
Alaska is the largest state in the United States, and perhaps the most fascinating. Few people are aware of how huge Alaska actually is. At over twice the size of Texas, it dwarfs every other state, and Rhode Island could fit into Alaska 425 times. Despite its large land area, however, its population is only about 650,000, making Alaska the least population-dense in the nation as well as the largest in land area.
Purchased by Secretary of State William Seward from Russia for a mere 2 cents an acre, Alaska became the 49th state in 1959. For a time, the purchase of Alaska was known as “Seward’s Folly,” but this soon stopped when gold and oil were both discovered in the state that today remains among the richest in natural resources.
Alaska is a great place to live for the adventurous. About one-third of the state lies within the Arctic Circle, its Mt. McKinley is the highest point in North America, residents can go dog sledding during the winter (this is actually the official state sport), and Alaska is occasionally called “America’s Last Frontier.”
The state’s average July high is 63 degrees, and during January the average low drops to a frigid 8 degrees. If you enjoy chilly weather, unexplored terrain, and plenty of snow, you can become an Alaska homeowner for an average cost of $210,000 (the average 2004 Alaska home sale price).
Home Values in Alaska
Doing your research on home values in Alaska may be the factor that determines whether your home sells right away, or stays on the market for months. It’s important to charge the right price to begin with, based not only on the evaluation, but on the current market and the demand for homes in Alaska. Continue reading, and we’ll help you get through your home’s sale with the minimum in stress.
A REALTOR® is a real estate professional who is a member of the National Association of REALTORS®