Thursday, January 21, 2010

Eagle River Real Estate Market Analysis


This winter selling season 2009/2010 is in full swing. This obstacle is becoming apparent in the current Eagle River real estate market activity. Its not surprising that here in Eagle River the market activity was consecutive for this time of year. The present number of homes for sale which are accessible in Eagle River is decreasing.

According to the information which was received from The Chugiak/Eagle River Chamber of Commerce, local military personnel currently deployed returning in January. There is also word that a new Battalion is being formed at Fort Richardson. This factor could raise the population by as many as 5500 persons, excluding families. At the same time current base housing availability is about 1200 units. So, it is not enough to adapt the expected growth. It is also significant, that housing availability in Eagle River will continue to be tough for the next 4-6 months. Potential fsbo buyers will be likely competing with other buyers for purchasing the best homes.