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Alaska State Overview

Naomi M — Thu, 04 Oct 2007 12:22:13 -0500

Capital: Juneau
Estimated 2004 population: 655,435
Change from 2000: +28,503
2004 housing units: 271,533
Housing units change from 2000-2004: +10,144

Alaska Economy

Real estate prices drop 5.6% in Juneau

Tue, 23 Oct 2007 15:15:15 -0500

The Southeast Alaska Multiple Listing Service report reveals that residential real estate prices in Juneau have dropped 5.6% since last October. The average list price in October 2006 was about $334,000, while the average list price this month is $315,400.

The listing service shows the number of sales between January and September declined 17.6% this year compared to last. Homes also are taking about 29 days longer to sell than this time last year, from 86 days to 115.

Source: http://www.ktuu.com/Global/story.asp?S=7246899

Fairbanks Alaska real estate market is stable

Sun, 14 Oct 2007 00:00:00 -0500

The Fairbanks real estate market is staying stable, thanks to some important factors.

There is strength in the local economy, resulting in low vacancy rates and a healthy job market. Demand is strongest in residential properties selling at less than $200,000. But for sellers, competition is high in the $300,000 category as well, said Fairbanks North Star Borough Assessor Patrick Carlson.