Petersburg, AK Foreclosures
How much do homes sell for in Petersburg, AK?
The average home price is currently $378,514.
In Petersburg, AK, how many homes are available?
There are currently 1 active home listings available in Petersburg.
What’s the average rental cost in Petersburg, AK?
The average rental price in Petersburg is $1,430.
What is the most expensive home in Petersburg?
The most expensive home sold in Petersburg had a price of $928,607.
What is currently the cheapest priced home in Petersburg, AK?
The cheapest home for sale in Petersburg is priced at $57,914.
Living in Petersburg, AK
Petersburg, AK, is a picturesque small town on Mitkof Island, renowned for its stunning natural beauty and rich cultural heritage. With a vibrant community, plenty of outdoor activities, and various local amenities, it's an ideal location for those seeking a friendly, engaging environment. The town's unique blend of Alaskan wilderness and charming local culture makes it a hidden gem.
Current Market Conditions in Petersburg, AK
The real estate market in Petersburg, AK, has shown steady growth over the past year, with an increasing interest from both locals and newcomers looking for investment opportunities. The demand for homes continues to rise due to the town's appealing lifestyle and beautiful surroundings, making it a competitive environment for buyers.
Absorption rates have improved, indicating a balanced market favoring sellers slightly. With limited inventory and an increasing number of families relocating to the area, prospective buyers should be prepared for bidding wars on well-priced homes.
Home Value Estimator For Petersburg, AK
There are currently 237 real estate properties
in Petersburg, AK,
with a median automated valuation model (AVM) price
of $364,294.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Petersburg, AK, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Petersburg, AK,
is $378,514.00, with the most expensive house
in Petersburg, AK, topping out
at $928,607.00 and the cheapest home
in Petersburg, AK,
clocking in at $57,914.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Petersburg, AK!
Rent Prices
In Petersburg, AK
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Petersburg, AK, is on
a rollercoaster ride. The
average rent price in Petersburg, AK,
is $1,430.00. Indeed, when looking to rent in
Petersburg, AK, you can expect to pay as little
as $1,270.00 or as much
as $1,650.00,
with the average rent median estimated to
be $1,390.00. The good news is that finding
an affordable and desirable property to rent in Petersburg, AK
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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