Glacier City Real Estate News 1st Quarter 2019

Glacier City Real Estate News Forty-fourth edition, April 2019 1st Quarter 2019 Property Sales Report Girdwood / Turnagain Arm January 1 - March 31, 2019

Seven homes, two condos and four vacant lots sold in the Girdwood area from January 1 - March 31, 2019.

!Homes

- 242 Brighton Road is located within a short walk of Chair 3 and features large mountain facing windows. This is a FSBO (For Sale By Owner) so little is known about the property since very little is mentioned about finishes, amenities, remodels, etc. *I will note that the property was on the market for 418 days when the typical marketing time for homes in Girdwood listed by a local real estate brokerage is on average two to three months. 297 Echo Ridge Drive is a residential lot on the downhill side of Echo Ridge near the top which has the electric, sewer and water running into the building site as well as a 50 yard long driveway. It was entered into both residential and vacant land categories because it does have a small dry cabin with electricity and a propane Empire wall mount furnace.

If you drive up that way you will notice that several new homes have been constructed in the last several years. Two primary factors are driving this. The obvious one is the outstanding view, and the other is that as the amount of vacant land decreases the vacant land that is more challenging and expensive to Property Address Girdwood, AK

build on is getting sold. 265 granite countertops, custom Hottentot Mine Road is a chalet cabinetry and a covered second floor style home located on a quiet cul-dedeck. The views of the valley from sac down valley. This home features the living room are amazing. 227 hardwood floors, granite counter Vail Drive is neatly tucked back off tops, in-floor radiant heat in the Vail Drive and has several charming bathrooms and entryway and a jetted features. The top floor has a very tub. In addition it has one of the very nice hardwood floor open concept few old style stilt caches on site and living room and kitchen. This is one a very nice custom free standing of those rare homes in Girdwood sauna. 215 Mt Hood Drive features where the Seller had the foresight to one of the biggest decks in Girdwood get an ADU permit (Auxiliary and sits next to Glacier Creek. This Dwelling Unit) for a rental on the property has a nice open kitchen and ground floor. These types of income dining room area with three producing properties are particularly bedrooms all on the second floor attractive to home owners looking plus a nice bonus room off the for an offset to their mortgage. This kitchen suitable as an office or sale is an example of how relatively family room. Mt Hood tends to be well cared for older homes in one of those venues in Girdwood Girdwood with some remodeling and that gets great year round sunshine. key features can do well in the 253 Old Dawson Road is located in market. These seven homes sold for Old Girdwood (located down by the an average of 88% of their last railroad tracks behind the Tesoro active list price after an average Station Mall). This older home has market time of 267 days. been a rental for many years and is once again a property that was a Condos - 160 Powder Drive #4C FSBO with a real estate professional (Snowbird Chalet Condos) This representing the Buyer in the was another FSBO sale. The purchase. According to the Seller it is Snowbird Chalets are located on suitable as a rental or recreational Alpine Meadows Avenue just past cabin. 889 Timberline Drive was the Snowbird Condos on two the first new construction home sold separate horseshoe drives. They tend in Girdwood through the MLS in to be popular because they are freemany years. This home features a family room on the first floor with an open concept kitchen living room on the second. Finishes include vinyl planked floors downstairs, hardwood floors upstairs, 297 Echo Ridge 242 Brighton Rd.

!

Last Active List Price

Days on Market

Bed / Bath

Lot / Res SF

242 Brighton Road

$595,000

418

3 / 2.5

14,724 / 2,324

297 Echo Ridge Drive

$189,500

217

0/0

16,140 / 160

265 Hottentot Mine Road

$459,000

42

3 / 1.75

10,123 / 1,294

215 Mt. Hood Drive

$469,000

63

3/2

9,493 / 2,036

253 Old Dawson Road

$149,900

57

0/1

6,000 / 400

889 Timberline Drive

$699,000

41

3/3

15,632 / 2,232

227 Vail Drive

$545,000

98

5/3

12,568 / 2,220

160 Powder Drive #4C

$377,500

0

1/1

Condo / 964

314 Crystal Mountain Rd. #104

$398,500

2

2 / 1.75

Condo / 1,011

Lot 30 Block 1 Tanner Circle

$250,000

47

Vacant Land

11,213 / 0

Lot 9 Block 5 Alyeska Basin

$166,000

1

Vacant Land

10,399 / 0

1687 Alyeska Highway

$175,000

2

Vacant Land

32,453 / 0

265 Hottentot Mine

215 Mt. Hood

253 Old Dawson

889 Timberline Dr.

227 Vail Drive

314 Crystal Mtn.

Glacier City Realty, Inc. 907-783-1910 | info@glaciercityrealty.com

Sam Daniel, Broker 907-227-4626 | Loretta Daniel, Realtor 907-227-4142 Rebecca Reichlin, Associate Broker 907-441-8125 | Jackie Collins, Realtor 907-947-0494 | Michael Kesler, Realtor 907-250-0702

PO Box 550 Girdwood, AK 99587

Girdwood school addition !

September 2014

Glacier City Realty - Honesty and Integrity in everything we do standing and have low dues. 314 Crystal Mountain Road #104 (Timberline Condos) is one of the most desirable condo associations on the mountain located on Crystal Mountain Road below Chair 3. This unit had been in the long term rental pool with Glacier City Realty for many years and is dated but in good condition. It faces away from the mountain looking at the valley and includes a garage and a dedicated storage locker. Both of these condos sold with 0-2 days on market. Due to the small sample no other data is included.

!Vacant

Land - Lot 30 Block 1 Tanner Circle is a FSBO situation where a local real estate professional represented the Buyer in the sale.

Located in what is commonly referred to as “Cabana Land” this subdivision commands excellent views of Mount Alyeska and the surrounding glaciers. It is also not far from the Girdwood Brewery. Lot 9 Block 5 Alyeska Basin is located at the corner of Davos Road and Fernie Loop. This is a relatively sunny location in the Alyeska Basin area that is usually popular with both year round and second home owners. 297 Echo Ridge is reviewed earlier under residential sales and is cross referenced due to having a dry cabin on site. 1687 Alyeska Highway is a nicely treed level building lot off Alyeska Highway with sewer stubbed in. It will require a well. It’s a large enough lot someone could probably build a home with a rental unit on it. These 4 lots sold for 96.25% of their last active list price after an average of 182 days on market.

!Broker

Summary The market in Girdwood continues to be driven by

scarcity. Condos sales were way down this quarter when normally we would see at least 6-8 changing hands. Some of this difference is being made up by non MLS sales.

The homes that are coming on market are more often than not priced at $450K and up. There is a huge demand for homes in the $250-$350K price range. Vacant land continues to be popular for the same reason. With so few homes and condos on the market more and more people are willing to build their own. I continue to believe that a big part of what is driving the lack of inventory is uncertainty on the future of the Alaskan economy. Residents are not sure from year to year what the state budget is going to look like. All sectors of the state economy are continuing to be reduced at the state level yet it’s obvious that Girdwood continues to thrive in many ways.

You can hardly go down a street where there isn’t some type of new construction or remodeling going on. Mortgage rates continue to hold steady and despite all the uncertainty if you were to stand on the corner of Alyeska Highway and Hightower in the summer you will be amazed at just how busy our summertime economy has become.

We continue to see people move to Girdwood and the Four Valleys area because of the quality of our educational system, the lack of crime and the recreational opportunities.

So Proud! - Prompt Handyman Services, LLC is owned and operated

by Sam and Bryanna Daniel and is licensed, bonded and insured. Sam worked for several years with Mike Kesler of Allright Remodel & Home Repair here in Girdwood. He is operating out of Anchorage and serving Girdwood as well. If you are lining up your summer projects and looking for professional help give Sam and Bryanna a call!

!

GlacierCityRealty.com 3.0 - We are proud to announce that in conjunction with Shannon Erickson of Glacier City Media we have created a new website. It loads faster, is easier to navigate and is designed to be a user friendly experience. Please check it out!

!

Glacier City Realty is focused now more than ever on sales. We no longer manage long-term rentals and are primarily focused on sales in Girdwood and Anchorage. Our office is located in Anchorage on Northern Lights Blvd. We continue to manage three nightly rentals that Jackie Collins oversees. If you have visitors coming this summer who need a place to stay, have them visit our website to learn more.

This sales report is based on information from Alaska MLS, Inc. for 1/1/2019 - 3/31/2019 but not compiled or published by Alaska MLS, Inc. Data maintained by Alaska MLS, Inc. may not reflect all real estate activity. The information used in this publication is copyrighted by Alaska MLS, Inc. 2019 and no portion may be reproduced, redistributed, or retransmitted without the express permission of Alaska MLS, Inc. Further, Alaska MLS, Inc. does not guarantee the accuracy of the information contained herein.