For many, a Fairbanks condo is the perfect choice for buyers who want to own their own home but don't have the time or inclination to deal with mowing laws, shoveling sidewalks and the continual upkeep a traditional single family home requires.
Buyers are fortunate to have a large pool of condo listings on the market. Prices range from an affordable $87,000 for a one bedroom one bath unit near the University of Alaska Fairbanks to $360,000 for a new 3 bedroom 2 bath unit in a gated community. Most Fairbanks condo's are low rise or townhouse style; A plan to build a high rise in the downtown area has been stalled for quite some time due to funding issues.
Association fees range from a low of $200+/- to a high of $500+ per month. Certainly not all, but most condo associations cover heat, water/sewer, refuse, structural insurance, building maintenance, snow removal and lawn maintenance. There are a few condo associations, such as Woodside North, where individual unit owners cover their own heating costs. Woodside North condo fees average $170+/- per month, a considerable savings over those associations where heat is not paid by the unit owner(s).
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.
2 Comments on Fairbanks Alaska - Condo Market Report January 2008
HHHmmm, This is off topic but since ya'll are in Alaska and this is a Real Estate Networking site ..... Does anyone still use Igloos in Alaska? Don't laugh, it is a serious question.
Fairbanks and Interior Alaska real estate news and information. Keep up with the latest happenings in the Fairbanks community and around the state; local real estate market trends, Fairbanks new construction, existing home sales, land acquisition and development as well as mortgage and interest rate updates.
HHHmmm, This is off topic but since ya'll are in Alaska and this is a Real Estate Networking site ..... Does anyone still use Igloos in Alaska? Don't laugh, it is a serious question.
Sean Allen