Over forty percent of the population of the entire state of Alaska lives in the city of Anchorage. While its population is still less than that of many suburbs of large cities, like Scarborough Ontario real estate, it is by far the largest city in the state. If you're moving to Anchorage from out of the state than you may be surprised with some of the real estate trends.

Real estate all over the continent from Florida to Pleasant Valley NY homes have been lowering in price over the last year and the majority of Anchorage is no different. The average listing price is currently $368,000 and the median sales price is somewhere around $222,000 for your average three-bedroom home. This is actually above many cities in America of similar size. The further you go into the city's core the lower the prices seem to get.

Abbott Loop, which is in the city's south central district, is currently the hottest area for buying a home. While homes in this area are listed at the below average price of $260,000, the median sale price is nearly $600,000. This is more than a two hundred percent difference than the sale price at the same time last year. Sand Lake is another popular location in the eastern part of town and is adjacent to Kincaid Park. Those coming from somewhere like a Richmond home with a little green space might feel at home here. Sand Lake is a great opportunity to get lakefront property at the affordable sale price of around $185,000.

Up and coming neighborhoods in Anchorage are the Tudor Area and Basher. Both cater to entirely different clientele. Tudor Area has some of the lowest home prices in the city, listing at around $135,000. If you're a first time homebuyer coming from somewhere like condo real estate in Toronto this might be paradise with more fresh air than you're used to and cheap living right at the center of the city. For those looking to live the high life on Anchorage's far Westside, Basher listings range into the millions.

Some may think that real estate in Alaska would look quite different from that in the rest of America, but that is not the case. While you won't find many skyscraper condo buildings resembling Festival Tower, you will find a wide variety of single and two-storey homes in the suburb style that you see in all fifty states. With everything from townhouses to spacious homes with full of cherry wood detailing there is something to suit every newcomer and native of Anchorage, Alaska.

Relocating to a new city can be a difficult experience. When looking at homes in Anchorage you just need to be informed with the right real estate information to know you're getting a good deal. If you're looking for a change, come and try out the winter wonderland that has won the title of All-American City four times. While this might not be the first thought for many people relocating, you might just arrive and never want to leave.