There are many options for people looking for Anchorage real estate. Anchorage has grown from a railroad port about 100 years ago into a fairly large city. With almost 300,000 people in the city itself, it is larger than a number of other well-known American cities, including Orlando, Buffalo and Richmond. Over 40% of Alaska's population is in the metro Anchorage area. The considerable size of the population means that the market for Anchorage, AK homes for sale is deep, with thousands of homes available.
Anchorage Real Estate And The City
Sitting on two arms at the head of Cook Inlet, Anchorage is in an extremely picturesque area, with mountains towering over the city and the pristine waters of Cook Inlet. Your investment in real estate in Anchorage will always have the natural beauty of the surrounding mountains and parks as an intrinsic part of its value. Anchorage lies on the coastal lowlands of Cook Inlet below the Chugach Mountains. Mt. McKinley, the highest mountain in North America, and Denali National Park are visible from Anchorage. Anchorage's vibrant economy has grown as well to include natural resources such as oil, timber, tourism and the military installations in the area. All of these contribute to Anchorage, AK homes for sale.
The Anchorage Real Estate Market
The strength of the Anchorage real estate market has performed better during the last five years than other areas with similar populations. Mortgage foreclosures have affected the Anchorage real estate market, but the foreclosure rate in Anchorage and Alaska overall has not been as severe as other states and the drop in home prices in Alaska has not been as pronounced as areas such as Nevada or Florida. Anchorage, AK homes for sale include the normal assortment of condos, townhomes and single family homes.
Condos represent a significant portion of the Anchorage real estate market with prices from under $100,000 to more upscale units over half a million dollars. A wide variety of townhomes in the Anchorage real estate market are available from just under $100K to the mid $300K's. Single family homes are available in a variety of sizes, both within the urban center of Anchorage and further out into the surrounding villages and even into the Alaskan wilderness. Many second homes and more remote home have been purchased over the last several years. Homes over $1 million are generally positioned to take advantage of the grand views of the city, the mountains and the inlet. Homes are available in the Anchorage real estate market from the $100k's and up. Anchorage real estate is looking like a good purchase at this point.
