Glacier City Real Estate News 4th Quarter 2020

Glacier City Real Estate News Fifty first edition, January 2021 4th Quarter 2020 Property Sales Report Girdwood / Turnagain Arm October 1 - December 31, 2020

Celebrating our 13th year of publishing the real estate news for Girdwood and Turnagain Arm! Seven homes, eleven condos and one vacant land sale occurred October 1st through December 31st, 2020.

!Home Sales - 227 Vail Drive has been

extensively remodeled and features vinyl planking and hardwood floors. It includes a one-bedroom apartment with a private entrance. This home has been a successful nightly rental in the past. The Buyers are a long time Girdwood family. Located on a sunny lot, 621 Vail Drive features a separate studio apartment and a private master suite. The home includes an unfinished basement and the finishes are modern and tastefully done. 153 Juniper Drive is a somewhat unique home with vaulted ceilings on the top floor, a circular staircase connecting levels and angled bedrooms. In recent years the bathrooms have been updated and remodeled. 419 Indian Road is a custom log home located on almost three acres of land with beautiful views of the Turnagain Arm and Indian Valley. It features a large garage, large master bedroom and a shop located Property Address Girdwood, AK

below the property with expansive parking Road #B2 (Ascent II Condos) is tucked and storage. 515 Vail Drive is tucked up back on Crystal Mountain Road near in a private setting adjacent a creek and Chair 3 and has dedicated parking, a includes a sunken living room and gas fireplace and is one of few associations fireplace. There is lots of extra storage in that do not allow nightly rentals. This is the attic. 114 Telemark Way is located one of my favorite associations because down valley and includes a spacious they are well thought out with protected entryway, large front deck and a fenced walkways and decks and have an yard. There are only a handful of homes association that is well-managed and located along this street with very little organized. 303 Arlberg Avenue #C traffic comparative to most of Girdwood (Cedar Creek Condos) is a spacious Valley. 315 Higher Terrace is a small Aframe with a commanding view of the Girdwood Valley. It has been partially remodeled in recent years and features an upper and lower deck with extensive storage.

These 7 homes sold for an average of 100% of their last active list 227 Vail Drive 621 Vail Drive price with an average of 36 days on market.

Condo Sales - 366 Crystal Mountain Road 511 & 513 (Alyeska North Condos) This two bedroom ranch style condo located below the base of Chair 3 has been a successful nightly rental for several years. Each side of this unit has its own private deck and it faces the mountain side of the valley. 303 Crystal Mountain

Last Active List Price

Days on Market

Bed / Bath

Lot / Res SF

227 Vail Drive

$712,500

1

5/3

12,568 / 2,220

621 Vail Drive

$749,000

24

3 / 3.5

17,126 / 2,338

153 Juniper Drive

$529,500

201

3/2

16,457 / 2,100

419 Indian Road, Indian

$679,500

2

3 / 1.75

120,320 / 1,728

515 Vail Drive

$499,000

17

3 / 1.5

15,291 / 1,413

114 Telemark Way

$285,000

3

1/1

12,870 / 768

315 Higher Terrace

$347,500

4

1 / .75

12,920 / 576

366 Crystal Mountain 511 & 513

$370,000

1

2/2

Condo / 880

303 Crystal Mountain Rd. #B2

$255,000

0

1/1

Condo / 591

304 Arlberg Avenue #C

$899,000

127

3/5

Condo / 2,302

130 Taos Road #A-5

$515,000

15

2/2

Condo / 1,093

340 Hightower Road #A201

$376,000

33

2/2

Condo / 1,085

340 Hightower Road #A202

$389,400

0

2/2

Condo / 1,085

340 Hightower Road #A301

$365,000

0

2/2

Condo / 1,087

330 Hightower Road #A201

$369,900

69

2/2

Condo / 1,099

330 Hightower Road #B102

$357,500

78

2/2

Condo / 1,114

190 Snowy Court #A-2

$625,000

2

3/2

Condo / 1,671

434 Alyeska View Avenue #3

$569,500

3

2 / 1.75

Condo / 1,411

L19 B1 Hightower Road

$265,000

200

Vacant Land

7,942 / 0

153 Juniper Drive

419 Indian Road

515 Vail Drive

114 Telemark Way

315 Higher Terrace

366 Crystal Mtn 511/513

303 Crystal Mtn B2

304 Arlberg Avenue #C

130 Taos Rd. #A-5

340 Hightower Road!

A201, A202, A301

330 Hightower Road!

A201, B102

190 Snowy Court #A-2

434 Alyeska View #3

L19 B1 Hightower Rd.

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

PO Box 550 Girdwood, AK 99587

Girdwood school addition !

September 2014

Glacier City Realty - Honesty and Integrity in everything we do multiple level condo with a tuck under garage. Finer features include in-floor radiant heat, gas fireplace, custom kitchen and both front and back decks. This is a small association and units don’t sell often. The Seller was the original owner and one of the primary drivers in the construction of this project. 130 Taos Road #A-5 (Sitzmark Condos) is located on Taos just below Chair 3 and due to its location on a small knoll, has a commanding view of Girdwood Valley. It has been extensively and tastefully remodeled. The floor plan is unique for Girdwood condos and typically includes a large jetted tub. 340 Hightower Road A201, A202, A301 & 330 Hightower Road A201 & B102 (Snow Raven Condos) - All five are two bedroom units located in the same association. 2020 was the year of Snow Raven sales for sure!

These units, though located away from the mountain near Girdwood School, have become increasingly popular. Each unit has in-floor radiant heat, its own private boiler, deck suitable for hot tub, finer finishes and the association allows nightly rentals. They have remained somewhat more affordable comparative to two bedroom units on the mountain and also have heated garage parking. 190 Snowy Court A2 (Snow Ridge Condos) has been completely remodeled including travertine stone flooring, carpet, quartz countertops, a natural gas fireplace and include both a sauna and deck with a hot

tub. These condos are located just below Chair 4 off the Daylodge parking lot and have a highly desirable floor plan and great parking. 434 Alyeska View Avenue #3 (Snow Bird Chalets) is a free standing condo at the base of Max’s Mountain below the Tanaka lift. It has been completely remodeled including granite countertops, natural gas fireplace, tile and hardwood floors, California closets and trex deck with a hot tub.

These 11 condos sold for an average of 97% of their last active list price with an average of 30 days on market.

!Vacant

Land - Lot 19 Block 1 Hightower Road - This is a commercial lot located in the New Girdwood Townsite between the Ski Inn and Girdwood Health clinic. Though the lot is comparatively small, it is suitable for a small office building. It will be interesting to see what the new owners construct on the property.

Broker Summary - 2020 went out with a bang! Condo sales were the hot commodity during the 4th quarter. Both residential and condo sales prices have increased drastically in the past two years (see chart below). Why? The pandemic has exacerbated what was already a rapidly accelerating market. Many families are looking for a place to gather with family and friends in their social bubble and enjoy the great outdoors. A national trend in telecommuting is driving sales in rural areas and ski towns in particular. Add to

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this record low interest rates, and we have the perfect storm. Alyeska Resort has shown insight with construction of the new Nordic Spa and taken the steps needed to operate the mountain safely this ski season. Will prices continue to increase year over year at the rate they have been? Time will tell. If tourism bounces back strong in Alaska as the COVID-19 vaccines go into wider circulation, our state and Girdwood in particular stand to benefit. It’s an exciting time to be a part of the real estate i n d u s t r y a n d t h e c o m mu n i t y o f Girdwood. I believe Bird Creek and Indian will grow in popularity as well.

Prices have reached a point that the Municipality should, in my professional opinion, consider offering up Heritage Land Bank property for development, such as the Holton Hills subdivision located on the Crow Creek Road side of the valley. Pre-pandemic, Alyeska Resort had planned to build additional midlevel management staff housing which seems a wise move as we move into the “new normal”. I am optimistic that the market will remain strong in Girdwood and that we, as a community, will pursue new avenues to meet the housing needs of Girdwood.

If you are considering Buying or Selling in Girdwood, Anchorage or Eagle River, please call or email me.

Sam Daniel, 907-227-4626 samdaniel@glaciercityrealty.com.

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10-year Comparison Report - Girdwood/Turnagain Arm

This sales report is based on information from Alaska MLS, Inc. for 10/1/2020 - 12/31/2020 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. 2021 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.