Winter is quickly approaching for this beautiful locale. And as it does Eagle River, Alaska, is seeing a real estate market return to "normal." The market could be seeing a shift from a strong sellers market, if inventory lags to catch up with demand.

Despite these positive notes, prices remain a bit stagnant at this time for homes priced over $330,000.

Local expert, Pauline Hofseth, notes, "Homes that are priced competitively, in good condition, and marketed well continue to sell -- but take longer." Market time is near 3 months.

The big increase in the area? The cost of new construction -- due to land and material costs.

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Published: November 15, 2007

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