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Anchorage Economic Development Corporation Annual forecast luncheon

by Eric Bushnell

Can you look into a crystal ball and see the future?

Well, I cannot so today I attended the Anchorage Economic Development Corporation Annual forecast luncheon.  The ADEC is a group of business and business owners that work to drive the economy of Anchorage forward.  The investor luncheon is a great forum to see what the new year may bring.

This years event was the largest luncheon crowd ever in Anchorage Alaska; with over 1400 attendees.  There were several speakers, Governor Parnell, Mayor Sullivan, and keynote speaker Stephen Dubner, the co-author of 'Superfreakeconomics"

 

I visited Facebook prior to the luncheon and a good friend left me this comment:

"the ADEC Economic Forecast is going to be largely dependant on the pending legislative review of ACES (Alaska's Clear and Equitable Share, Alaska's state oil tax legislation). ACES is reducing new oil development projects on state owned leases. Yes, it drives up State Revenue, but it comes at the expense of new investment and jobs which ... See More largely drives real estate prices and demand for local goods and services. I'd be interested to know what assumptions ADEC uses regarding ACES future (it will probably be NO CHANGE since no one knows if we will be successful in lowering these tax rates). The good news is that oil development on Federal leases (Liberty etc.) are NOT affected by ACES as these are taxed on the lower MMS rates (Mineral Management Services). "

Governor Parnell did address this point and one of the hot topics in Juneau this year will be tax relief for companies that invest in Alaska.  Gov. Parnell also spoke about placing excess funds in an account for infrastructure maintenance in the coming years.  It appears we have good leadership for the time being.

Mayor Sullivan spoke to the issue of the city budget, and he likened it to the city being on a diet.  Less spending and minimal new bond packages for the short term will bring about some property tax relief.  The City is going to be hard pressed to provide the services everyone wants without raising taxes.  The City of Anchorage will be looking for federal money to match its investment in improving the Port of Anchorage; which will provide new jobs and growth.

The Keynote speaker, Stehen Dubner, was fantastic.  I will be reading his book 'Superfreakenomoics" tonight.  He mixed current economics with humor in a way that makes one really think.  Many of the national policies currently under review have great economic implications.  He covered global warming, monkeys, and prostitution; in that order but in a very funny way.  Mr. Dubner really got one thinking about possibilities, but as he explained we are creatures of habit, can we change?

It was a great lunch and the forecast is for job losses, approximately 1200.  Many of these are related to tourism; there will be a reduction by 10% in the number of cruise ships coming to Alaska.  Now this forecast does not include Military growth, or the self employed.  These areas are growing and will offset the losses.  The ADEC does expect to see moderate growth in the second half of 2010.  take a look at the documents I provided from the ADEC and feel free to comment below.

 

Eagle River Market Update - January 25, 2010

by Eric Bushnell

4 weeks into the new year and real estate sales in Eagle River Alaska are steady.  There was an initial rush of new homes on the market just after the first of the year.  Many of these homes had been previously listed and removed from the market during the holidays.  So, after this initial rush, the flow of new inventory has continued at a slow pace.  This good for sellers and buyers alike; the market remains stable.

The National association of Realtors came out with their latest number and the country saw a reduction in number of sales by 17% over last year at this same time.  They were anticipating the number to be closer to 10%.  This means that the housing recovery is going to take time.  I think everyone realizes this, they just wish it would happen sooner.

In Alaska, we're seeing the same steady market that we've seen in recent years.   I hear this quote just the other day "This market is an 'Opportunistic Market'; there are opportunities for buyer and sellers.  This is so true.  Values have remained steady on nice home, and homes that need work can be bought at a reduced price. 

Here are the numbers for Eagle River* Alaska residential sales:

  • 15 New Homes on the market
  • 5 Homes pended under new contracts
  • 5 homes Closed

There are currently 96 homes being marketed in Eagle River.

  • 73 existing homes
  • 0 New Construction Complete
  • 11 Homes under Construction
  • 12 Homes To Be Built (not started)

The number of homes available offers some great opportunities to buyers and for sellers that have very nice homes.  The current homes range in price from $169,000 to $1,100,000. 

To find out what your home is worth visit www.ValueMyAlaskanHome.com.

To receive a list of the latest homes on the market in South Central Alaska visit www.EagleRiverHomesforSale.com!

 

 

 

 

*This representation is based in whole, or part, on data supplied by, and to, the Subscribers of Alaska MLS.  Alaska MLS does not guarantee, nor is it in any way responsible for, its accuracy.  Data maintained by Alaska MLS is for its own use and may not reflect all real estate activity in the market. 

Seven Insider Secrets On Showcasing Your Home For A Successful Sale

by Eric Bushnell

Seven Insider Secrets On Showcasing Your Home For A Successful Sale

 Special Report-  

google map to real pro systems Most prospective buyers make their decisions based on the emotional reactions they form upon first seeing your home. In fact, seasoned real estate professionals will tell you that even the smallest detail can be an important deciding factor, especially in a competitive market. The key to getting a buyer interested in your home — and getting them to place an offer that reflects its top value — is helping that prospective buyer feel comfortable while viewing your property. You want them to establish a connection from the moment they drive up to your home. And once they’ve viewed the inside, you want them to see themselves living comfortably in it.

Too many home sellers underestimate the power of this emotional response. As a result, they see competing homes down the street get the "Just-Sold" signs, while their own real estate investment languishes on the market, not getting offers worthy of its value. How can you avoid having this happen to you? Read on...Click here for full report (16 pages). ...

 

 

For more information on the value of your home visit www.valuemyAlaskanhome.com. You will receive a Computerized Market Analysis by e-mail. 

Eagle River Community Council Meeting January 14, 2010

by Eric Bushnell

January 14th, 2010.  Eagle River Community Council Meeting; the meeting was held at the new Eagle River Town Center, just down the hall from the new Eagle River Library.  The Eagle River Community Council meets on the second Thursday of each month. 

Last night’s meeting was lightly attended, with a majority of the participants being from the local High Schools.  There were several persons visiting from other community councils; they were there to hear the gust spear from Land Design North, more about this later.

 Assembly women Debbie Ossiander was in attendance and gave a recap of recent developments.  Funding was restored for the Eagle River Library; they will open one more day during the week; although one full time position will be cut.  There maybe other budget concerns as the year progresses; they will be doing a quarterly review in April. 

Local roads are being plowed on a frequent basis; one concerned citizen spoke up asking that the plow trucks be a little more responsible about how much snow they dropped in his driveway (gating).  Michael Melielo is the council representative to the Road Board; he addresses this concern and provides the contact information to the homeowner so that the proper people we notified.  The discussion at this point was how our road board worked differently from Anchorages.  The end result was that Eagle River/Chugiak was more efficient and home owner’s property taxes were lower as a result; less mill rate for road maintenance.  

The next topic was the Master Plan for Beach Lake Park; guest speaker Mrs. S Doyle of Land Design North.  This discussion was very lively; there are many different uses for the park.  In the summer you have bikers as well as hikers, and there are several different areas within the park that are in use.  Beach Lake Park does see more traffic in the winter as there are miles of cross country ski trails; as well as several dog sledding trails.  For the most part these trails do not cross.  There have been several meetings to layout the master plan, and the next meeting is February 9th 2010, 6:00 - 8:30 pm at the Eagle River Town Center.  Click here for PDF Flyer of Event.

The meeting was concluded shortly after this lively discussion. The Eagle River Community Council meetings typically last between 1-2 hours.  There is always good information about the community.

 

Here we go!

by Eric Bushnell

Today is January 13, 2010.  Wow, we are two weeks into the new year and picking up speed.  The holiday season lulled everyone into a nice happy place, and now it's time to get back to work.

If you are watching the market than you know that every talking head has an opinion and very few of them are the same.  Now I going to chime in.  Just what we need right? Another talking head.  I will try to keep to what I know and what I see happening in the local real estate market.

The number of homes bottomed out in recent weeks.  The lowest level of homes available for sale this decade.  That is beginning to change, the number of homes increase by 50% last week.  23 new listings, now some of these had been on the market before the holidays and were taken off the market.  Now their back and ready for sale, and that is good news because with the number of new pending transactions; the supply dropped to just 2.4 months.

There is a enthusiasm in the market, interest rates are low, prices have been steady.  This is a win-win for buyers and sellers.  Buyers there are more homes coming on the market, although they're selling quickly.  For Sellers, if you're ready to sell, there are buyers in the market looking for good homes.

Buyers can see receive e-mails updates by registering at www.eagleriverhomesforsale.com

Sellers can receive a free CMA and marketing plan by visiting www.valuemyalaskanhome.com

 

Displaying blog entries 1-5 of 5

Contact Information

Lee Realty, LLC
Lee Realty, LLC.
5050 Dunbar Drive #F
Wasilla AK 99654
Office: 907-376-0119
Fax: (907) 376-4039

 

 

 

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