2020 MARCH 49TH ESTATE MAGAZINE

Anchorage

Mat-Su Valley

Kenai Peninsula

March 2020

#alaskanewhomes Best Mat-Su Commuter Location.

Not a single traffic light to arrive home at TheRanch after leaving Anchorage Many Custom Home Builders all in one neighborhood. Call 907.841.6655 for details See more about The Ranch, a Master Plan Community on pages 8 and 9...

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An Advertising Section of Anchorage Daily News, March 2020

An Advertising Section of Anchorage Daily News, March 2020

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FOR MORE INFO VISIT WWW.ELEGANTHOMESALASKA.COM

CALL FOR LOCATION OPTIONS

When buying and selling in Alaska, let my experience as an Associate Broker, REALTOR and Consistent Top Producer for over 28 years work for you.

Search Properties for Sale WWW.SHANNONPARBERRY.COM CALL FOR LOCATION OPTIONS

Why buy used when you can own new at affordable prices?

FOR MORE INFO VISIT WWW.ALLIANCECONSTRUCTIONALASKA.COM Affordable Hand Crafted Designs.

RESIDENTIAL • VACANT LAND • NEW CONSTRUCTION • MULTI-FAMILY • FSBO ASSISTANCE • FORECLOSURE

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An Advertising Section of Anchorage Daily News, March 2020

An Advertising Section of Anchorage Daily News, March 2020

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907-441-9000 | 907-273-7247 | INFO@KATHYJFERNANDEZ.COM | KATHYJFERNANDEZ.COM | FEATURED PROPERTY

$429,900 HUNTINGTON PARK • 4BR, 2.5BA, 2,592 SF, 2 Car Gar • Home Warranty • 2054 Saratoga Avenue, Anchorage

Sold

$399,900 tRI-PlEX GOOD PARKING Two 2BR, 1.5BA units & One 3BR 1.5BA unit 905 W 40th Ave, Anchorage

“Of all the decisions you’ll make when buying or selling a home, none is more important than the person you choose to represent you.”

Contact Me Today

$374,900 FAMIlY HOME 3BR, 2.5BA, 2,457 SF, 2 Car Gar 3083 Bettles Bay Loop

Sold

Sold

Sold

$349,900 R2M INVEstMENt OPPORtuNItY 4BR, 2BA, 2,052 SF, 2 Car Gar on .38 Acres 4509 Grumman Street, Anchorage

$334,900 CHARMING DuPlEX 5BR, 2BA, 2,160 SF Home Warranty • 3337 Creekside Drive #’s A & B, Anchorage

$274,900 HultquIst BuIlt 3BR, 2BA 1,448 SF, 2 Car Gar Home Warranty • 3604 Challenger Circle, Anchorage

Sold

$259,900 sPACIOus HOME 5BR, 3BA, 2,501 SF, 2 Car Gar Home Warranty • 620 S Williwaw Drive, Palmer

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PENdING

$89,900 CHARMING RANCH CONDO 2BR, 1BA, 787SF, 1 Carport 2605 Palmer Court #D3, Anchorage

$89,900 COZY CONDO 1BR, 1BA, 577 SF, 1 Carport Home Warranty • 7774 Boundary Avenue #I-1, Anchorage

An Advertising Section of Anchorage Daily News, March 2020

Looking for a new home couldn’t be any easier!

Check out reaLestate.adn.Com

You’re just a click away.

An Advertising Section of Anchorage Daily News, March 2020

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New 2020 cusTom homes Meet many talented homebuilders all in one neighborhood.

#alaskanewhomes

You coulD lIve here

907-841-6655 Not a single traffic light to get home to the Ranch after you leave Anchorage! Exit Parks Hwy at Trunk Rd Cross over Parks Hwy Take South Trunk Rd at round-a-bout S Trunk Rd merges with E Nelson Rd , left on S Barn Gable Loop, Just past Machetanz School

The Ranch neighborhood, is perched above the Palmer Hay-Flats Game Refuge, just south of Mat-Su Regional Medical Center, between Palmer & Wasilla.

Not a single traffic light to arrive home at THE RANCH after you leave Anchorage.

Meet the award winning Builders & select your new home on S BARNGABLE LOOP, Wasilla.

www.theranchalaska.com Homesites with municipal water service and streetlights at the edge of the refuge not far from Mat-Su Regional Hospital & Machetanz Elemantary . 907-841-6655 Arctic Devco, Inc dbaThe Ranch Team

For residential home sites overlooking the wild life refuge contact sales@theranchalaska.com Arctic Devco, Inc 907-841-6655 www.theranchalaska.com/video

View Homesites w/ Swan lake & Alaska Range views available.

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Personalize your new home with one of these award winning builders.

Machetanz Elementary School offers a S. T. E M program 4961 E Nelson Rd, Wasilla.

Chuqilintnu Wasilla Creek Trail at The Ranch

see more: www.theranchalaska.com/listings

Bike path from here to Mat-Su College & beyond.

An Advertising Section of Anchorage Daily News, April 2020

Each Home Builder is represented by their respective real estate professional.

TheranchAlaska

State Game Refuge in the backyard on S Barn Gable Loop.

@TheranchAlaska

Mat-Su Regional Hospital is only a few miles from the Ranch.

TheranchAlaska

Homesites available near Swan Lake with Municipal water 49th Estate | adn.com/homes

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New 2020 cusTom homes Meet many talented homebuilders all in one neighborhood.

#alaskanewhomes

You coulD lIve here

907-841-6655 Not a single traffic light to get home to the Ranch after you leave Anchorage! Exit Parks Hwy at Trunk Rd Cross over Parks Hwy Take South Trunk Rd at round-a-bout S Trunk Rd merges with E Nelson Rd , left on S Barn Gable Loop, Just past Machetanz School

The Ranch neighborhood, is perched above the Palmer Hay-Flats Game Refuge, just south of Mat-Su Regional Medical Center, between Palmer & Wasilla.

Not a single traffic light to arrive home at THE RANCH after you leave Anchorage.

Meet the award winning Builders & select your new home on S BARNGABLE LOOP, Wasilla.

www.theranchalaska.com Homesites with municipal water service and streetlights at the edge of the refuge not far from Mat-Su Regional Hospital & Machetanz Elemantary . 907-841-6655 Arctic Devco, Inc dbaThe Ranch Team

For residential home sites overlooking the wild life refuge contact sales@theranchalaska.com Arctic Devco, Inc 907-841-6655 www.theranchalaska.com/video

View Homesites w/ Swan lake & Alaska Range views available.

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49th Estate | adn.com/homes

Personalize your new home with one of these award winning builders.

Machetanz Elementary School offers a S. T. E M program 4961 E Nelson Rd, Wasilla.

Chuqilintnu Wasilla Creek Trail at The Ranch

see more: www.theranchalaska.com/listings

Bike path from here to Mat-Su College & beyond.

An Advertising Section of Anchorage Daily News, April 2020

Each Home Builder is represented by their respective real estate professional.

TheranchAlaska

State Game Refuge in the backyard on S Barn Gable Loop.

@TheranchAlaska

Mat-Su Regional Hospital is only a few miles from the Ranch.

TheranchAlaska

Homesites available near Swan Lake with Municipal water 49th Estate | adn.com/homes

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“I am honored and proud to have served our country with so many brave men and women�

Special Thank You to the ASYMCA of Alaska and congratulations to all Service People of the Year being honored at this years SALUTE to the Military Cell: (907) 382-1892 Direct: (907) 273-7257 weworthy.usmc@gmail.com

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An Advertising Section of Anchorage Daily News, March 2020

ALASKAREALESTATE.COM T The he most a accurate, ccurate, complete complete and and trusted trusted source source of Alaska Alaska Real Real Estate!

Estate!

• Alaska’s source of real estate listings!

• The most accurate!

• The most complete!

• The Real Estate Professional’s resource!

ALASKA

MLS ALASKA MULTIPLE LISTING SERVICE, INC.

Download AlaskaRealEstate.com’s Mobile Real Estate App to get Access to all local listings from your smartphone or tablet.

We don’t play House, We go Hunting!

$599,000

8634 E Empire Circle, Palmer, AK 99645

Amazing Mountain views with this exquisite home with many wonderfully unique features which includes: Jack & Jill Bedrooms/Bathrooms, specialty windows, central vacuum system, great producing well, HUGE soapstone fireplace that opens to the side so you can add bigger logs, each room in the house has many outlets, tons of cabinet space in the kitchen, and a hidden pantry. Solid surface window sills.

MLS# 19-18291

Call Elise Ell Buchholz, Realtor, CRS • 907.242.0442 www.buysellwitheliseell.realtor • www.eliseell.jackwhite.com JACK WHITE REAL ESTATE MAT SU An Advertising Section of Anchorage Daily News, March 2020

adn.com/homes | 49th Estate

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Water Heaters – l e s s e V e r u s s e r P The That big round water tank in your house is a pressure container that provides those wonderful hot showers we all love so much. Ignoring this appliance can be deadly, as sadly a Homer tradesperson recently found out.

Here are a few suggestions.

Gas fired water heaters These appliances use either natural gas, fuel oil, or propane as a combustion source to heat the water surrounding the flue pipe that runs up the middle of the tank. The combustion process needs air. No air, poor combustion, deadly carbon monoxide can be the end result. There needs to be a source of air for the burners. This is that annoying hole in the wall of your garage or laundry room that begs to have rags stuffed into it. Then you turn on the clothes dryer, you may create a negative pressure in the room, and cause the system to back draft. A quick way to see if this occurs is to turn on all the bath fans, hood range, dryer in the house, then hold a smoking match over the draft diverter of your water heater. If the smoke goes up the vent, that’s good. If it blows back into the house, you have a problem and will need to have a plumber inspect your water heater.

Check the gas shut off valve and supply hose to the unit. Smell gas? Do you need a wrench to shut off the gas? Does the valve have shaft going clear through the valve that is now know to leak? Is the flex line brass color? Kinked? Call a plumber! You should upgrade the gas supply system for safety.

Check the flue pipe. Is it properly attached to the draft diverter skirt at the top of the water heater? Does the pipe run up-hill away from the water heater? (The hot gases will want to rise, and a flue that runs down will not draft properly.) Is the pipe properly secured with screws between the sections? Is it a double walled pipe at least one inch from combustibles? Is the single walled pipe at least 6” from combustibles?

Location Concerns The hot water heater will need to be at least 18” above the floor of a garage to prevent ignition of gasoline or similar vapors. At the same time, it should be protected from a car driving into the appliance, there should be a steel pipe set into the floor in front of the water heater (or furnace).

TPR -Temperature Pressure Relief Valve This big round tank is a pressure vessel. The TPR is designed as a safety valve commonly designed to trip if the pressure exceeds 150 pounds per square inch, or 210 degrees. A few suggestions. Make sure there is a “drip tube” attached to direct the discharge close to the floor, that it is not capped off (people do that), and the TPR is not leaking. The minerals deposited from water evaporating can actually calcify the valve closed so that it will not function as designed. (Older installations, especially condominiums, had these discharge lines running into the wall, so you often didn’t know it was dripping. Now, the discharge point is required to be visible.)

If the pressure is allowed to build, the tank may rupture, and when the water is exposed to the atmosphere, it will expand into steam almost instantly and occupy approximately 1,600 times its original volume. This process has been known to propel a heating tank like a rocket through multiple floors, causing personal injury and extensive property damage.

Seismic Strapping These are (we hope) those large bands that secure the tank to a wall. These should be UL approved design, firmly anchored to the studs in the wall, and have blocking behind the tank if the tank cannot be located in contact with the wall.

First, this will keep the tank from falling over, and allowing very hot water to flood the area. (This may be water you will need if your water supply is compromised during an earthquake.) Second, this will keep the fuel lines from being damaged, and leaking combustible gas into your home.

These will need to be tight, well secured, and strong enough to hold the tank in place during a seismic event.

So, just a few quick tips so you can safely have that hot shower every morning!

Looking for a Seasoned Agent?

Peggy Kelly

Certified Residential Specialist

Serving Anchorage for 30 plus years!

261-7625 | pckelly@alaska.net

renaissancefireplaces.com

Over 100 Stoves, Fireplaces & Inserts on Display.

2000 E. Dowling Rd. Anchorage, 99507

562-2249

northeat.com Like Us on Facebook for Up To Date Specials!

An Advertising Section of Anchorage Daily News, March 2020

Locally Owned and Operated Since 1977 adn.com/homes | 49th Estate

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DAVE WINDSOR

(907) 727-3300 | windsor@alaska.net

Featured Listing CASH COW OPPORTUNITY IN SEWARD With expanding annual traffic in the summer months this level, oceanfront land, directly across from the city, is begging for development as an RV Park and Campground.

Parking fees alone for visiting fisherfolk gross $200,000 May through August with over 8,000 vehicles, and this is with no facilities.

Call Dave Windsor at (907) 727-3300 The attraction of this 22 Acres parcel is the exclusive control of one of the earliest and healthiest Sockeye runs in the State and a huge Silver run in the fall - i.e. the “Salmon Creek� estuary. Two large shop outbuildings and a residence onsite and conveniently located at Mile 2 of Nash Road.

We have pro forma calculations that show a return on investment of 22% per annum.

Zoned Harbor Commercial, at $1,760,000, the possibilities are endless.

Each Office Independently Owned & Operated | 3350 Midtown Place, Anchorage, AK 99503

10% off

Corian Countertops

With The Mention of This Ad

Give Us a Call For a Free Estimate 907-357-5880

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An Advertising Section of Anchorage Daily News, March 2020

Alaska By

Real estate

Dave WindsoR (907) 727-3300 | windsor@alaska.net

How Is The Real Estate Market?

To save you a fast-forward to the end of this article, the answer is - - HEALTHY! The applause was palpable at last months’s economic forecast luncheon at the Dena’ina Center. The star of the show was not Bill Popp, President of the Anchorage Economic Development Corporation, but Dave Wilkins, Senior Vice President of Hillcorp, the new owners of all B.P. assets in Alaska.

While AEDC predicted a flat 2020 economy, albeit with a net 100 jobs to be added in Anchorage, Dave Wilkins surprised the audience with the announcement that 1000 jobs were offered to former B.P. employees and 800 were filled. The other 200 jobs will be posted through the coming year and Hillcorp is full steam ahead in the Oil and Gas business.

The sober facts are that, to be truthful, Anchorage lost 2600 population and 300 jobs in 2019. Both these numbers are well under 1% of the total and should be seen as a pivot point as we now resume a growth pattern. In fact, although some jobs were lost, the unemployment rate was the lowest in 20 years at 5.1%.

Not only did Oil and Gas add jobs in 2019 but, between AEDC and Hillcorp forecasts, it is reasonable to assume that

200-300 net new jobs will be added in 2020. Retail jobs are being lost but are more than offset by increased jobs in tourism, leisure, hospitality and healthcare.

The bottom line is that there is good reason for applause. A flat economy is not a bad economy and the next 5 years are likely to accelerate growth because of the attractiveness of Alaska for business, military and climate options.

In the fourth quarter of last year, 679 homes sold in the Anchorage bowl at an average price of $369,707. During that same period, October through December, there were only 505 new listings or, to put it another way, homes were selling at a faster rate than new inventory was coming on the market.

I am always asked in my casual encounters, “How is the market?” “Is it a Buyer’s Market?” “Is it a Seller’s Market?” A buyer’s market is generally considered such when there is more than 6 months supply to meet demand.

If less than 6 months inventory, the same rule of thumb would suggest it is a seller’s market.

In the last 12 months, 2,734 homes were sold, from Girdwood to Thunderbird Falls, or 228 per month.

As of this day, there are 519 homes for sale - i.e. only 2.28 month’s supply.

(Matsu: A little over 3 month’s supply).

Healthy for sellers? You bet!

The 2.28 months absorption rate is always exacerbated in late winter because homesellers hold off putting

3350 Midtown Place Anchorage, AK 99503 Each Office Independently Owned and Operated

their homes on the market until Spring.

Nevertheless, most of last year the absorption rate hovered between 4 and 5 months supply.

Despite the economic retracement of the last 3 years and a slightly reduced population (294,500, 1,000 less than 2018), the real estate market has held up rather well - and ‘Flat’ is okay with me.

The luxury end of the market is quite different to the mainstream and that data is a little more sobering. There are 20 homes over a million dollars on the market in Anchorage at the time of writing and 22 homes over a million dollars sold in the last 12 months.

The first conclusion from this data is that you have 12 months supply on the market right now without any additional properties being listed. In other words, this is a tough market for homesellers, especially if you consider that there has not been more than 4 months supply of homes under $1 million for a year or so. That is, under $1 million, we have a market favoring sellers but over $1 million we have a market favoring buyers. High end sellers should be really particular about the skillset of their chosen real estate representation.

Dave Windsor is an Associate Broker at RE/MAX Dynamic Properties with over 30 years of experience in the Anchorage real estate market. Dave’s services are available to both Buyers and Sellers of Residential or Income Properties.

The information presented in this column is intended for general informational purposes only and it is not a substitute for situation specific guidance by the appropriate licensed professionals. This column, its author, the magazine and publisher are not responsible for the outcome or results of relying upon the contents of this column in any given situation. Previous columns are archived on Dave’s website at www.davewindsor.com.

An Advertising Section of Anchorage Daily News, March 2020

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That Listing Is On The Market MLS Alaska MLS is the Marketplace!

AlaskaRealEstate.com Making the Market Work!

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An Advertising Section of Anchorage Daily News, March 2020