Fairbanks Ak Real Estate News & Info

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The check's in the mail...

Jesse and Kathy Clifton, Fairbanks Realtor With spiraling fuel costs putting many Interior Alaska families in the unenviable position of having to choose between food or heat, the Governor and Legislature have decided to take action.

While it can't be described as a perfect solution... I'm not even sure one exists… the Governor and Legislature have made a step in the right direction. With fuel costs among the highest in the nation and winter fast approaching, participating Alaskan's can expect to see an additional $1,200 "resource rebate" included with their Alaska Permanent Fund Dividend this year. This one-time energy relief payout from the state treasury is the product of an energy relief package the Legislature passed two weeks ago.

While the amount of the 2008 PFD hasn't been announced yet, it's widely expected to be in the $2,100 range, per person. With the added resource rebate, each qualifying Alaskan will receive approximately $3,300. This will certainly be a help for those folks who are feeling the pinch from higher energy prices.

Rather than wait for the traditional early October disbursement, Governor Palin announced today the first round of checks would be deposited beginning September 12th. Those who signed up for direct deposit will begin receiving their checks in the first round followed by those receiving a check in the mail.

To be eligible for a PFD, you must have been an Alaska resident for the entire calendar year preceding the date you apply for a divide and intend to remain an Alaska resident indefinitely at the time you apply for a dividend. Unfortunately this will exclude some members of the armed forces stationed at Eielson Air Force Base and Fort Wainwright as many are new to Alaska. The men and women of the Army and Air Force who have met the eligibility requirements (and have applied) will receive a permanent fund dividend check. Read the eligibility requirements.

If you're in the military, to be eligible to receive a 2008 PFD check, you'll need to...

* have arrived in Alaska before January 1, 2007.

* Obtain an Alaska drivers license, register to vote, register a vehicle or sign a lease for off-post housing (or purchase a home). In other words, become part of the community.

* Maintain your Alaskan residency at all times during the qualifying year and intend to remain an Alaskan resident indefinitely.

* Claim Alaska as your state of legal residence with the military before January 1st of the year before the qualifying year.

Have specific questions? Contact your local Permanent Fund Dividend office:

Elizabeth Ladewig
616 E Street
Anchorage, Alaska 99501

Phone: (907) 269-0370
Phone: (907) 269-0370

Fairbanks
Marjorie Marlow
1005 Cushman Street
Fairbanks, Alaska 99701

Phone: (907) 451-2820
Fax: (907) 451-5142

Skyler Lashley
333 Willoughby Avenue
Juneau, Alaska 99811-0461

Phone: (907) 465-2326
Fax: (907) 465-3470


Jesse and Kathy Clifton Fairbanks Real Estate Professionals Thinking about buying or selling real estate in Fairbanks or Interior Alaska? We know Fairbanks real estate – Jesse and Kathy are your local Fairbanks real estate experts.

Search Fairbanks homes for sale, sign up for free new listing notifications, view Fairbanks market statistics or browse our virtual relocation package.

Have questions? Contact us online or call us at (907) 699-6024. We would love to hear from you.

Jack frost nipping at my nose....

Alright, we put up with the frigid winter temps, the slick icy roads and the diminished daylight for the majority of the year so we can have warm, dry arctic desert summers. I don't know where our summer went this year but it certainly won't be described as warm and dry. First came the incessent rain followed, of course by flooding and now the national weather service is telling us to prepare for the first frost of the season. Truly?

Sorry to disappoint you egghead weather folks, but we've already crossed that disgusting weather bridge. The photo below was taken two weeks ago at about 7:30AM. That white stuff you see across what was my green lawn... yep, you guessed it. Frost on the pumpkin.

One report tonight suggested we could see temps drop as low as the mid 20's. Break out the electric blankets and get me a cup of hot buttered rum. Mother Nature is off her meds. Stay warm, ya'll. Now where are my electric socks?

A two Gold medal family

Former Fairbanksan and UAF multiple national champion, Matt Emmons, has won the Silver in the 50 meter prone rifle event in Beijing. Emmons won the Gold for the same event at the 2004 Summer Olympics.

Together with his wife, Olympic sport shooting champion Kateřina Kůrková of the Czech Republic, they now hold five Olympic medals.

Congratulations Matt & Katerina on a job very well done!


Jesse and Kathy Clifton Fairbanks Real Estate Professionals Thinking about buying or selling real estate in Fairbanks or Interior Alaska? We know Fairbanks real estate – Jesse and Kathy are your local Fairbanks real estate experts.

Search Fairbanks homes for sale, sign up for free new listing notifications, view Fairbanks market statistics or browse our virtual relocation package.

Have questions? Contact us online or call us at (907) 699-6024. We would love to hear from you.

Photo courtesy of Tzatziki

Fairbanks Alaska - Bucking the 'Zillow' trends...

This morning I open up the 'net and start reading the news (my how times have changed I tell you) and the first article I come across is from Bloomberg; One third of new owners owe more than house is worth. "Almost one-third of U.S. homeowners who bought in the last five years now owe more on their mortgages than their properties are worth... Fairbanks Alaska Real Estate

Ok, so that's not exactly new news, is it? Can anyone say 'declining market area?' :)

Aside from the "negative equity and declining prices are making it difficult for homeowners to sell property for a profit" (duh) comment, what I found most interesting (aka comical) about this article is that Zillow is the source of information for home prices.

Now, don't get me wrong. I'm all for folks coming up with new and inventive ways to make a buck, even if they are wrong more times than not and do more to confuse consumers about market value than just about anyone I know. But Zillow as the source of accurate real estate sales information? Seriously? They don't even have a value assigned for our personal residence nor are they even remotely close in any of the other dozen home sales I checked both in Fairbanks or Anchorage as well as North Carolina or Mississippi.

Btw, while the Fairbanks market is struggling, here are a few charts you might find interesting. The first shows the average sales price in Fairbanks and North Pole from 1999 through YTD 2008. Although we've leveled off a bit, prices have been increasing since early 2000. The second shows the average sales price for the period between 2005 and 2008; otherwise known as 'the hot years' in real estate. Notice that while we've seen some periods of decline our average price is still on the rise. Lastly, look at the period from July 2007 through July 2008; the year of massive foreclosures, short sales, near unprecedented bank failures and billions in write-offs where our average price is UP 7%.

Bottom line, folks... if you want to know what your home is worth call a Realtor. Zillow might be fun to play with but don't make any decisions based on what they have to say. Their model might improve but as of today, it's about as accurate as a rock.

Fairbanks Alaska Real Estate

Fairbanks Alaska Real Estate

Fairbanks Alaska Real Estate


Jesse and Kathy Clifton Fairbanks Real Estate Professionals Thinking about buying or selling real estate in Fairbanks or Interior Alaska? We know Fairbanks real estate – Jesse and Kathy are your local Fairbanks real estate experts.

Search Fairbanks homes for sale, sign up for free new listing notifications, view Fairbanks market statistics or browse our virtual relocation package.

Have questions? Contact us online or call us at (907) 699-6024. We would love to hear from you.

Schandelmeier Joins Yukon Quest

Yukon Quest organizers appoint John Schandelmeier as trail coordinator.

In response to critics who argued the Quest trail was poorly maintained, the Yukon Quest International Sled Dog Race appointed Quest veteran John Schandelmeier for a newly created trail coordinator position.

Schandelmeier has completed 16 Yukon Quest Races and won two; once in 1992 and again i 1996. John went on to found the Taiga 300 race and worked on improving the Gin Gin 200 ad Copper Basin 300 trails.

The Yukon Quest is an annual 1,000 mile sled dog race from Whitehorse, Yukon Territory to Fairbanks, Alaska. Much like the Iditarod, the Yukon Quest is a grueling test of endurance. Racers and their hearty four legged friends must survive the bitter cold of Alaska and the Yukon Territory as well as traverse some of the most magnificent scenery known to man.

Lance Mackey won the Quest (again) this year, which marks his fourth consecutive Quest win. Mackey also holds the honor of having the fastest running time of 10 days, 2 hours and 37 minutes.


Jesse and Kathy Clifton Fairbanks Real Estate Professionals Thinking about buying or selling real estate in Fairbanks or Interior Alaska? We know Fairbanks real estate – Jesse and Kathy are your local Fairbanks real estate experts.

Search Fairbanks homes for sale, sign up for free new listing notifications, view Fairbanks market statistics or browse our virtual relocation package.

Have questions? Contact us online or call us at (907) 699-6024. We would love to hear from you.