About the Anchorage, Eagle River and Girdwood Real Estate Market 

It’s a sellers market in Anchorage these days. The city is experiencing a tight housing inventory, limiting the number and choices for buyers. The low inventory is sometimes resulting in multiple offers on properties, which can drive up the asking price. The average price of an existing detached home in Anchorage reached nearly $278,000 in May 2005, a 7.1 percent increase over 2004. Newly constructed homes averaged $302,700 in 2004, up 9.9 percent from the previous year. 

Despite increasing housing prices, many people find that Anchorage (pop. 265,000) offers more than most cities in the United States. It is a modern town, complete with skyscrapers, a thriving business district and bustling international airport. But it’s the mountains and wildlife that people love most. 

There are more than 200 miles of trails in the city of Anchorage for hiking, walking, biking and other recreational uses in the summer. In the winter more than 130 miles of walkways are plowed and 100 miles of ski trails are groomed for public use. There are even 36 miles of trails dedicated to the state’s official sport: dog mushing.
 

In 2002, Anchorage received the distinction of being one of 10 cities nationally to be named an “All-American City.” This is the fourth time Anchorage has received the honor. Most residents agree the city continues to offer unparalleled beauty, outstanding cultural opportunities and a thriving art community, top-notch schools and unlimited recreational activities. 

Request our free Anchorage Relocation Guide for more information about Alaska’s biggest city. Just fill out the form and we will send it right out.
 

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