Yvette Belisle

Yvette Belisle

Associate Broker 17864 English
2213 E Tudor Road, Area 51 Anchorage AK 99507
(907) 868-2811

Rural Real Estate Prices Are On The Rise

By Yvette Belisle - September 07, 2020

Urban areas have long been the hottest real estate markets in the country. But the pandemic and stay-at-home orders left many people longing for more space, both indoors and out—and now that restrictions are being lifted, many of them are leaving the cities and heading to rural destinations to find the space they’re looking for.

And as interest in properties in rural areas is increasing, so are prices.

According to data outlined in a recent article on REALTOR Magazine, rural homes experienced an 11.3 percent increase in sales price year-over-year during the four weeks ending August 2—which is higher growth than in the suburbs (9.2 percent) and significantly higher than growth in urban areas (6.7 percent).

The Takeaway:

So, what does this mean for you? If you live in a rural area and have been thinking about selling your home, now is a great time to take advantage of increased demand and fetch top dollar for your home.

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