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Located in east Fairbanks adjacent to Fort Wainwright and the new retail epicenter, Shannon Park is one of Fairbanks most sought after addresses. Click the map to the left to explore Fairbanks via Google Maps with associated landmarks tagged.
Initial development began in 1984 with most homes having been built prior to the mid 90's. There has been little new construction due to the lack of available building lots although a few homeowners who purchased second lots have been persuaded in recent years to sell them, resulting in a very small number of new homes. Homeowners who call Shannon Park home say they love their neighborhood. We've sold several homes where the owners made a lifestyle change but insisted on remaining in the neighborhood. One persistently targeted those owners with second lots to sell so they could build a new home - eventually moving barely two block from their original residence. The average sales price of a 3 bedroom home sold in 2007 was $243,609; for a 4 bedroom home it jumps to $255,300. Shannon Park is a predominately single family neighborhood although there are a number of two-family properties as well. |
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Jesse & Kathy Clifton, better known as 'The Spouses' are full time Realtors serving Fairbanks Alaska buyers and sellers. They specialize in residential real estate; new and existing construction as well as undeveloped land in Fairbanks, North Pole, Ft. Wainwright, Eielson Air Force Base and Interior Alaska. Visit their website to review the fee market reports designed to keep you updated on the local Fairbanks Alaska real estate market. Have specific questions? Feel free to contact them anytime. They would love to hear from you.
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appears as though the Fairbanks real estate market is still alive and kicking. We have been fortunate in that Fairbanks and Interior Alaska did not see the speculative boom that many places in the lower 48 did and as such, our sluggish market is just that, sluggish. We are not quite to life support stage... yet.
The average days on the market decreased by almost 31% from January, which is good news, but it's still more than double the 2007 year-end average. At 117 days it's also 139% higher than February 2007. As homes take longer to sell, many sellers are lowering the asking price to entice buyers and to stand out in the sea of homes for sale.
Although I haven't been posting many the past few weeks, I'm a fanatical market tracker. I keep incredibly detailed stats on each segment of the market and have seen 99% of the homes that are on the market. While I realize there is a "feeling" factor in real estate, I can assign that feeling a number. I can't remember the last time I misjudged a selling price by more than 2%. I mention this for a reason, which isn't to pat myself on the back, btw. Stay with me for a second.
Tonight at dinner I relay this to our friends as we laugh over how difficult it can sometimes be to break through the emotional value sellers have attached to their home. It is at this point Jill says something I never expected to hear. "You should have just told them you would list it at the higher price." I almost dropped my glass. When I asked why she said that if a seller is married to a price she would rather take the listing and when it doesn't sell, gently remind them the asking price was their idea and go for a reduction. "Eventually the house will sell, and probably at or close to your number, but it won't matter if I have the listing. I'll get the commission and you won't. How does walking away from the listing help?"
Open you email on any given day and you will find a request from a bank or credit card company you might or might not do business with asking you to confirm you account information. Some of these sites are indeed very good replicas of the original, leading many to mistakenly off up such personal information as their social security numbers, date of birth, account and pin numbers. It isn't long before the victims discover the disasterous effects of putting this information in the wrong hands. Bank accounts are drained, new lines of credit are opened and existing credit evaporates in a sea of fraudulent charges while the victim is left to pick up the pieces - a process that could take years and cost tens of thousands of dollars.
When we started using this service we ran into all kinds of resistance, mainly from other agents; our clients immediately understood the importance. "It's too much trouble." "It's another username and password I have to remember." If excuses were nickels, we would be retired and living on our private island in the Mediterranean. Since that's not the case I'll continue practicing good offense so I don't spend Kathy's hard earned nickels on legal fees and E&O deductibles. (Instead I'll spend them on moorage fees, new electronics for the boat and air fare to go play.)