Current Oceanview Real Estate Sales Data


The information in this summary report regarding current Oceanview listings and sales activity is updated at least weekly.  For the purposes of this blog, and in order to effectively research the MLS database, I have defined Oceanview Homes as having a legal description beginning with either “Oceanview” or “Flying Crown”.  There are a total of 556 single family homes in the Oceanview neighborhood meeting this definition.

As of February 2, 2017 we have one Oceanview home currently listed for sale in the Multiple Listing Service.  Click on “Oceanview Homes for Sale” in the black Menu Bar above to access the link to daily updated, interactive listing reports for all MLS listed Oceanview homes currently for sale.

Here is a recap of activity over the past couple of months:  On November 3rd, the list price for 701 Harbor Circle was reduced by another $5,000 to $369,900.  On November 4th, 12911 Admiralty Place was listed for sale at $379,000.  On November 8th, it became a pending sale after 4 days on the market.  On November 10th,  the sale of 1325 Oceanview Drive closed and recorded.  On November 15th, 12741 Kayak Drive was listed for sale at $335,000, 12807 Nora Drive became a pending sale after 176 days on the market and the sale of 211 Galleon Drive Drive closed and recorded.  On November 16th, 211 Mariner Drive became a pending sale after 93 days on the market and the list price for 711 Bounty Drive was reduced by another $10,000 to $329,700.    On November 22nd,  the sales of 13106 Beach Circle and 620 Clippership Court closed and recorded.  On November 28th,  the sale of 12911 Admiralty Place closed and recorded.  On November 30th, the listing of 701 Harbor Circle expired.  On December 1st, 800 Lighthouse Court was listed for sale at $395,000.  On December 9th, 12741 Kayak Drive became a pending sale after 24 days on the market.  On December 12th, 120 Bree Avenue became a pending sale after 223 days on the market.  On December 16th, the list price for 800 Lighthouse Court was reduced by $5,100 to $389,900.  On December 19th, the sale of 211 Mariner Drive closed and recorded.  On December 20th, 800 Lighthouse Court became a pending sale after 18 days on the market.  On December 29th, the sale of 12807 Nora Drive closed and recorded.  On January 9th, the sale of 120 Bree Avenue closed and recorded.  On January 11th, the sale of 12741 Kayak Drive closed and recorded.  On January 13th, the list price for 711 Bounty Drive was reduced again by $2,000 to $327,700 and it became a pending sale on January 25th, after 191 days on the market.  There are currently two Oceanview homes listed as “pending” sales in the MLS, meaning they are under contract with a buyer and should close within the next month or two.

In the past twelve months, a total of 32 Oceanview/Flying Crown Subdivision single family homes were listed in the MLS and sold.  The multi-million dollar sale of 960 Coral Lane is left out of the following numbers in order to get true averages.  The average home sales price in Oceanview/Flying Crown Subdivision was $399,999.  The median sales price was $374,000.  These homes sold in an average of 85 days from their original listing date to their sale pending date, at an average reduction of $30,665 from their original list price.  In 20 of the 32 sales, the seller paid an average additional $6,903, assisting in buyer’s closing costs.  Just remember, these are average numbers.  Some sales went much faster, with little or no price reductions.  Others took much longer, with major price reductions.  Location, condition, price and marketing are major factors in the final result.

Because of the following: a. Alaska is a “non-disclosure state”, b. the MLS is a private database, and c. this is a public website…..I cannot provide additional private, Oceanview sale specific information, including sales price.  With that said, the MLS does have a public website with listing reports, photos, etc., of all MLS listed homes currently for sale, along with limited sales statistics and numerous informational links.  Click on http://www.alaskarealestate.com/ to go this site.

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2 Responses to Current Oceanview Real Estate Sales Data

  1. Anonymous says:

    What is a non-disclosure state?

    • Pete Johnson says:

      “Non-disclosure” in this context refers to the fact that currently in the State of Alaska there is no legal obligation for parties to a residential property sale transaction to report the sales price to state or local government entities. Irregardless, the Municipality of Anchorage still requests sales price information subsequent to sale closures, but only a minority of parties respond. As a direct result, annual Municipal assessments for property tax purposes are calculated without a full sales information database.
      On a side note: The title company will report the proceeds of sale to the IRS for federal income tax purposes, if applicable. However with that said, proceeds from the sale of a primary residence are currently IRS taxable only if profits exceed $250,000 in the case of a single individual or $500,000 in the case of a married couple, as long as they have lived in it two out of the past five years. This tax exclusion can be claimed only once every two years. Some exceptions apply. If only we could profit that much every two years!!!!

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