In this insightful episode, Connie Oshimura welcomes Chad Stigen, a seasoned broker from the MatSu Valley, to explore the unique real estate landscape of South Central Alaska. With vast expanses of land and an evolving housing market, this episode reveals the distinct advantages and challenges of buying and selling in the MatSu, contrasting it with Anchorage and highlighting the growing demand for affordable housing. Understanding the MatSu Market Dynamics

● The Matanuska borough encompasses 25,258 square miles, drastically larger than Anchorage’s 1,961 square miles, giving the valley a distinct advantage in land availability.

● Land prices in the MatSu are notably lower, with the average lot costing around $100,000 compared to Anchorage’s average of $221,000, making it an attractive option for potential buyers.

● The infrastructure improvements, including upgraded roads, have spurred development, allowing for new neighborhoods and more accessible land for building.

Shifts in Housing Trends

● A noticeable increase in million-dollar homes has emerged, particularly properties with airstrips or lakefronts, which are becoming common in the area.

● The average home in the MatSu now features larger plot sizes (often more than an acre) and amenities that attract buyers looking for a serene lifestyle.

● Challenges with septic systems and wells were discussed, illustrating the importance of understanding local requirements and costs when developing properties in the valley.

Comparative Insights: MatSu vs. Anchorage

● Anchorage faces a housing shortage with higher development costs, which is pushing buyers towards the more affordable MatSu Valley market.

● The transient nature of the rental market in Anchorage contrasts with the family-oriented community in MatSu, where homeownership is a significant goal for many residents.

● Chad emphasized that the appeal of the MatSu Valley isn't just about price; it's about a lifestyle choice that attracts families and individuals looking for stability and community.

Homework Challenge or Action Steps

● Research the MatSu Valley real estate market trends and land purchasing options.

● Consider visiting the area to explore the unique communities and amenities available.

"There's more opportunity for homeownership, and it's a problem we're facing with Anchorage focusing on vertical structures." - Chad Stigen.

Timestamps

● 00:00 ● Introduction

● 02:10 ● Overview of MatSu Valley and its land dynamics

● 10:25 ● Insights into the current housing trends and pricing

● 22:45 ● Comparing MatSu and Anchorage markets

● 36:10 ● Closing thoughts on community and future developments

Resources

● [MatSu Valley Real Estate Listings](#)

● [US Census Bureau ● South Central Alaska Data](#)

Credits

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