Skyrocketing homes prices, lack of inventory, and the popularity of short-term rentals is pricing some Girdwood residents out of the market.
ANCHORAGE, Alaska -
Before COVID-19, the median price of a home in Girdwood was around $370,000. Now it has nearly doubled with prices in the range of $600,000, according to Glacier City Realty broker Sam Daniel. He said the market is unprecedented for him.Girdwood Board of Supervisors Co-Chair Mike Edgington attributes the skyrocketing prices to lack of inventory, and the emergence of short-term rentals in resort towns since COVID-19, with people being able to work remotely.
He adds that many employers have expressed frustration about the housing problem impacting their recruiting and retainment of employees. To address the issue, he said the board of supervisors is looking to start a permitting process on short-term rentals, so they can see how many there are in each neighborhood.He is also watching closely what happens with the Anchorage Assembly’s, which proponents think will increase housing inventory.
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