Glacier City Real Estate News Quarter 2 2022

Glacier City Real Estate News Fifty third ed 148 Jewel Mine Road - Located down valley almost across the road from the State DOT storage yard, this home features a remodeled kitchen, great views from the master, and an open living room / kitchen area.

Eleven homes, seven condos, and 153 Juniper Drive - Once upon a time this three vacant land sales sold in the home was a staple of the long-term rental Girdwood area during the second pool. The last two owners have made several quarter nice improvements including remodeling the bathrooms and kitchen area. The large living Homes - 115 Chateau Place - This room with gable ceilings and tall windows are updated ski chalet featured a newer roof, a nice feature of this property. open concept floor plan, granite counter tops- all on a .4-acre lot (big by Girdwood 250 Karalyssa Drive - This Indian property standards). was fun to sell. It included a timber frame 222 Timberline Drive - Duplex property style cabin as well as new construction ADU pended quickly and featured large windows (auxiliary dwelling unit) cabin on a one acre parcel with an incredible view (directly above facing Mt. Alyeska and a carport with storage. It backs onto a meadow and has a the restaurant next to the Indian house). This sold “as is” with most of the materials on site newer roof put on in 2012. to finish the new ADU cabin.

424 Vail Drive - Location is key! This home had sat vacant following a water intrusion 923 Powerline Road - Another enjoyable some years back. Located on solid ground sale. The Sellers took this somewhat runwith municipal park reserve across the street down property, renovated and remodeled it.

This property features remodeled bathrooms, the new owner has scraped the lot in new master suite, and an amazing double car preparation for building. garage shop with generator, 1940’s air 341 Cortina Road - One of several older, compressor, and more. Selling properties worn former long term rentals hitting the with such great character is a blast! market, this home featurs a mother-in-law apartment as well as a two bedroom home. 206 Huot Circle - This unique Alaskan home is located directly across the driveway The location is near the brewery, one of Girdwood’s big draws. The home sold with from Indian Valley Meats in Indian. It includs the sale of a four plex located behind the multiple offers for well over list price. cabin. This home is another piece of Alaskan 201 Donner Drive - A For Sale By Owner history with several built-in woodcuts and (FSBO) in which a licensed real estate other Alaskana finishes that remain with the professional brought the Seller a Buyer. The property. home is right sized for a family however we don’t have many details on the property.

These 11 homes sold for 109% of 156 Ravenwood Circle - Located on the their last active list price with an Beaver Pond side of the valley, this average of 4 days on market. quintessential tiny log cabin evidently is *Two homes sold for over 126% of what a lot of folks are looking for. It also their original list price. sold quickly with multiple offers.

2nd Quarter MLS Sales Report April 1st, 2022-June 30th, 2022

Property Address Girdwood AK

Last Active List Price

Days on Market

115 Chateau Place

$599,000

13

2/2

1.032 / 17,020

222 Timberline Drive 424 Vail Drive 341 Cortina Road

$550,000 $369,500 $510,000

3 7 3

4/2 2/1 3/2

1.847 / 14,575 888 / 15,115 1,540 / 9,198

201 Donner Drive 156 Ravenwood Circle 148 Jewel Mine Road 153 Juniper Drive

$850,000 $452,500 $650,000 $575,000

0 6 3 3

3/3 1/1 3/2 3/2

1,901 / 9,760 525/ 8,188 2,076 / 13,745 2,100 / 16,457

250 Karalyssa Drive 923 Powerline Road

$399,500 $598,500

4 4

1 / 0.75 3 / 2.75

594 / 57,552 2,391 / 108,900

206 Huot Circle

$505,000

0

2/2

3,312/ 50,305

115 Chateau Place

222 Timberline Drive

424 Vail Drive

341 Cortina Road

201 Donner Drive

156 Ravenwood Circle

148 Jewel Mine Road

153 Juniper Drive

Bed/Bath

Res /Lot Sq foot

250 Karalyssa Drive

923 Powerline Road

206 Huot Circle

Glacier City Realty, Inc. • 907-738-1910 ½Info@GlacierCityRealty.com

Sam Daniel, Broker 907-227-4626½Rebecca Reichlin, Associate Broker 907-441-8125½Loretta Ortiz-Daniel, Realtor 907-227-4142½ Jackie Collins, Realtor 907-947-0494½Angela Carswell, Realtor 907-231-6137½Emily Lewis, Realtor 907-382-0118

r 90

PO Box 550 Girdwood, AK 99587

7-441-8125 | Jackie Collins, Realtor 907-947-0494 | Ang

Girdwood 2014

Glacier City Realty - Honesty and Integrity in everything we do The theme of this quarter are multiple list offers and above list price sales.

Condos – 94 Olympic Mountain Loop #203 - (Alyeska East) sold during the middle of an epic snow year. This studio condo located directly above the Bake Shop received lots of attention since there have been very few sales of on mountain condos thru MLS in 2022.

366 Crystal Mountain Rd #411 (Alyeska North) Located just below Chair 3, this unit has been remodeled and has its own private entrance. Both of these North and West one bedroom units are located on the backside of the buildings away from the mountain.

150 Hightower Road #403 - (Ski View) This top floor one bedroom unit featured storage on the same level and elevator access. The new Girdwood Townsite is becoming increasingly popular. The new clinic building and Glacier City Center (townhome condos & a distillery) will boost this locations popularity.

330 Hightower Road #B301, #B202, 340 Hightower Road A302, 350 Hightower Road #C102 - (Snow Raven Condos). Finally Snow Raven is getting respect! For many years these condos did not command the value the quality and finishes reflected, (in my opinion) primarily due to being “off mountain”.

Not so anymore. Values have increased in this association by about 30% in the last two years. In-floor radiant heating, great floor plans, elevator, and handicapped

accessibility are all attractive features of these units. In short you get more bang for your buck than the aging “Compass Condos” on the mountain (East, West, North, and South). *This may be the greatest number of sales in one association in a single quarter ever for existing construction.

These 7 condos sold for 112% of their original list price after an average of 2 days on market.

Vacant Land- L11 BK 1 Crow Creek Road - This lot located in Raven Mountain Estates has epic views and transferred with mineral rights (which usually means it was an old mining claim). There are no onsite utilities in this subdivision.

L19 Seward Highway - Located in Chugach Estates adjacent the Seward Highway this three acre lot also included a small stream running through the property.

L20 Seward Highway - Another Chugach Estate sale. In the last few years this subdivision has seen lots of development.

Broker Summary – The second quarter of sales in Girdwood, Bird, and Indian was a good one. The third quarter is off to a rocky start for many areas of Alaska. The market in Anchorage (where our brokerage is active) recently changed overnight when interest rates rose by over 1.5 % in less than a week. We are seeing fewer multiple offer sales, Buyer concessions, and more deals terminating.

Buyers have less purchasing power, higher payments, and ever increasing costs. The same holds true for Eagle River and Wasilla.

200 Sproat Road Girdwood MLS#22-7139

Girdwood, Bird Creek, and Indian are still going strong! In Girdwood we saw older, “tired” homes in need of maintenance and upgrades selling with multiple offers. Many of these new owners are looking at major renovations before they really use the properties. In Bird Creek and Indian there have been sales with multiple offers as well.

As we move into the second half of summer (at least from an Alaskan perspective) I am meeting with more longtime residents who are wondering if now is a good time to sell and plan their exodus.

One challenge I hear is deciding where to go, since so many areas of the country have experienced a huge run up in real estate prices. As trends go, we are seeing more sales in the million dollar price range, and we are not seeing any on mountain condo sales. In the near term we will likely see a continuation of multiple offers with Buyer concessions in Girdwood. The pool of available Buyers will shrink. Some Buyers, tired of falling stock prices, are liquidating stocks and reinvesting in real estate.

Holton Hills - Change, growth, and development has always been challenging for Girdwood. Many locals see Girdwood as a separate community from Anchorage and Eagle River, even though technically we are a suburb.

The Land Use Committee and Girdwood Board of Supervisors have formed a new Holton Hills Subcommittee to assist the community in navigating this project to the benefit of the community. Girdwood is an amazing place to live, work and play! More to come, I am sure!

3751 South Well Site Road

Spacious & well appointed home has lots to love, with an open floor plan, large dining room & living room area, and kitchen. Perfect for entertaining.

The focal point of the main level is the floor to ceiling wood fireplace & vaulted tongue and groove ceiling. Tastefully remodeled kitchen & master suite. Enjoy in floor radiant heat, natural sunlight, and a well thought out floor plan

Four bedrooms, two and half bathrooms, $ 1,250,000

200 Sproat Road Listing by Angela Carswell 907-231-6237

herein.

3751 South Well Site Road Wasilla - MLS#227418 Alaska living at its finest! Bright sweeping stadium mountain views with a wrap-around deck, plumbing set for a spa on the deck! This home features lush floor-to-ceiling window walls, vaulted ceilings, a loft, a mother-in-law complete with kitchen, barn doors, a paved driveway, set up for a generator, and wood finishes throughout. It is also zoned for chickens!

Reach Us: 123 456 7890

www.reallygreatsite.com

Listing by Sam Daniel 907-227-4626

Four bedrooms, one full bath, two and three quarter bath ''shower no tub' $650,000

The sales report is based on the Alaska MLS, Inc. for 4/1/2022 -6/30/22 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. 2021and no portion may be reproduced, redistributed, or retransmitted without the expressed consent of o Alaska MLS, Inc. Further, by Alaska MLS, Inc. doesn’t guarantee the accuracy of the information contained herein