Alaska Loan Activity Statewide, 2009 – 2019

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Total Single-Family and Condominium Residences

YearQuarter Number of LoansAverage Loan ($)Total Loans ($) Average Sales Price ($)Total Sales Volume ($)Loan-to-Value Ratio (%)
2019Q1 944 242,856 229,256,316 300,744 283,902,104 80.8
YR 944 242,856 229,256,316 300,744 283,902,104 80.8
2018Q1 1,298 268,585 348,623,855 315,071 408,962,279 85.2
Q2 1,659 277,645 460,613,872 317,946 527,473,082 87.3
Q3 1,911 279,549 534,217,595 320,842 613,129,860 87.1
Q4 1,445 271,968 392,993,421 312,106 450,993,467 87.1
YR 6,313 275,059 1,736,448,743 316,895 2,000,558,688 86.8
2017Q1 1,279 269,639 344,867,747 299,244 382,733,626 90.1
Q2 1,781 278,063 495,229,767 312,307 556,218,483 89.0
Q3 1,914 274,743 525,858,365 308,829 591,098,941 89.0
Q4 1,729 272,131 470,514,402 310,329 536,558,703 87.7
YR 6,703 273,977 1,836,470,281 308,311 2,066,609,753 88.9
2016Q1 1,495 273,423 408,767,865 302,868 452,787,816 90.3
Q2 2,054 281,383 577,960,260 313,114 643,136,149 89.9
Q3 2,212 277,461 613,743,542 306,221 677,361,602 90.6
Q4 1,827 272,250 497,400,983 307,338 561,505,698 88.6
YR 7,588 276,472 2,097,872,650 307,695 2,334,791,265 89.9
2015Q1 1,606 266,422 427,873,835 296,349 475,935,888 89.9
Q2 2,414 272,776 658,480,975 304,560 735,207,449 89.6
Q3 2,491 274,774 684,462,512 304,238 757,856,658 90.3
Q4 2,058 264,133 543,585,419 295,041 607,193,834 89.5
YR 8,569 270,090 2,314,402,741 300,641 2,576,193,829 89.8
2014Q1 1,626 248,410 403,914,989 282,236 458,916,440 88.0
Q2 2,384 266,266 634,778,408 297,196 708,515,726 89.6
Q3 2,879 261,738 753,544,253 294,039 846,537,489 89.0
Q4 2,173 259,563 564,029,903 289,805 629,746,045 89.6
YR 9,062 260,016 2,356,267,553 291,736 2,643,715,700 89.1
2013Q1 1,580 250,500 395,790,560 279,012 440,839,192 89.8
Q2 2,374 262,782 623,843,818 290,362 689,318,720 90.5
Q3 2,902 265,496 770,469,624 297,022 861,958,827 89.4
Q4 2,463 257,271 633,658,637 288,522 710,628,820 89.2
YR 9,319 260,088 2,423,762,639 290,025 2,702,745,559 89.7
2012Q1 1,354 237,389 321,425,328 265,414 359,370,484 89.4
Q2 2,174 253,862 551,895,914 280,815 610,490,931 90.4
Q3 2,486 258,178 641,831,202 287,876 715,660,298 89.7
Q4 2,435 255,103 621,174,979 284,026 691,604,268 89.8
YR 8,449 252,850 2,136,327,423 281,350 2,377,125,981 89.9
2011Q1 1,435 238,621 342,420,745 267,345 383,640,416 89.3
Q2 1,946 245,214 477,185,860 272,996 531,250,118 89.8
Q3 2,157 242,249 522,530,534 270,546 583,566,679 89.5
Q4 1,812 250,843 454,528,408 269,723 488,737,418 93.0
YR 7,350 244,444 1,796,665,547 270,367 1,987,194,631 90.4
2010Q1 1,736 230,770 400,616,327 261,161 453,375,391 88.4
Q2 2,604 237,380 618,138,567 266,908 695,028,978 88.9
Q3 2,416 236,937 572,439,032 265,258 640,862,282 89.3
Q4 2,071 242,840 502,921,882 271,154 561,560,335 89.6
YR 8,827 237,240 2,094,115,808 266,322 2,350,826,986 89.1
2009Q1 1,523 228,984 348,742,445 258,674 393,959,921 88.5
Q2 2,138 233,178 498,535,492 264,865 566,281,994 88.0
Q3 2,843 236,124 671,299,595 265,678 755,323,485 88.9
Q4 2,484 228,047 566,467,896 257,604 639,888,890 88.5
YR 8,988 231,981 2,085,045,428 262,067 2,355,454,290 88.5

Single-Family

YearQuarter Number of LoansAverage Loan ($)Total Loans ($) Average Sales Price ($)Total Sales Volume ($)Loan-to-Value Ratio (%)
2019Q1 792 277,351 219,661,766 317,896 251,773,743 87.2
YR 792 277,351 219,661,766 317,896 251,773,743 87.2
2018Q1 1,113 282,014 313,881,131 331,637 369,111,448 85.0
Q2 1,401 294,882 413,130,254 337,808 473,268,379 87.3
Q3 1,669 291,626 486,723,261 334,843 558,852,587 87.1
Q4 1,262 284,040 358,459,042 326,045 411,469,327 87.1
YR 5,445 288,741 1,572,193,688 332,911 1,812,701,741 86.7
2017Q1 1,107 282,755 313,009,411 313,146 346,652,525 90.3
Q2 1,512 293,628 443,965,212 329,622 498,388,670 89.1
Q3 1,647 288,684 475,462,784 324,130 533,841,810 89.1
Q4 1,497 283,708 424,711,378 324,135 485,230,227 87.5
YR 5,763 287,550 1,657,148,785 323,462 1,864,113,232 88.9
2016Q1 1,258 290,179 365,045,793 321,478 404,419,492 90.3
Q2 1,786 294,513 526,000,887 327,945 585,709,227 89.8
Q3 1,935 291,691 564,421,964 320,999 621,133,688 90.9
Q4 1,533 288,996 443,030,555 324,875 498,033,854 89.0
YR 6,512 291,539 1,898,499,199 323,909 2,109,296,261 90.0
2015Q1 1,367 281,494 384,802,806 312,428 427,088,836 90.1
Q2 2,058 287,989 592,681,712 321,286 661,207,451 89.6
Q3 2,162 287,606 621,804,146 317,804 687,092,130 90.5
Q4 1,753 277,338 486,173,594 308,687 541,128,923 89.8
YR 7,340 284,123 2,085,462,258 315,602 2,316,517,340 90.0
2014Q1 1,381 261,481 361,105,584 296,702 409,746,000 88.1
Q2 2,048 279,020 571,432,450 311,407 637,762,132 89.6
Q3 2,458 275,533 677,260,864 309,589 760,968,764 89.0
Q4 1,858 271,398 504,258,033 302,378 561,817,994 89.8
YR 7,745 272,958 2,114,056,931 306,042 2,370,294,890 89.2
2013Q1 1,333 264,056 351,986,090 293,362 391,050,888 90.0
Q2 2,020 275,536 556,582,752 303,829 613,734,108 90.7
Q3 2,539 277,341 704,167,613 310,129 787,416,565 89.4
Q4 2,101 269,301 565,802,021 302,087 634,683,994 89.1
YR 7,993 272,556 2,178,538,476 303,626 2,426,885,555 89.8
2012Q1 1,175 247,029 290,258,904 276,902 325,360,018 89.2
Q2 1,796 269,005 483,132,252 297,441 534,203,371 90.4
Q3 2,159 269,667 582,211,087 300,286 648,317,679 89.8
Q4 2,058 268,912 553,421,424 298,923 615,183,785 90.0
YR 7,188 265,585 1,909,023,667 295,362 2,123,064,853 89.9
2011Q1 1,211 251,091 304,071,140 281,345 340,708,277 89.2
Q2 1,663 256,730 426,942,001 285,723 475,158,011 89.9
Q3 1,864 253,391 472,321,710 281,424 524,574,905 90.0
Q4 1,599 260,289 416,202,713 278,280 444,968,932 93.5
YR 6,337 255,568 1,619,537,564 281,744 1,785,410,125 90.7
2010Q1 1,421 245,046 348,210,131 277,941 394,954,548 88.2
Q2 2,127 252,077 536,168,409 284,413 604,946,496 88.6
Q3 2,042 248,589 507,619,490 278,836 569,383,859 89.2
Q4 1,779 255,709 454,907,099 285,602 508,085,684 89.5
YR 7,369 250,632 1,846,905,129 281,907 2,077,370,587 88.9
2009Q1 1,206 240,489 290,030,334 272,418 328,535,871 88.3
Q2 1,795 244,122 438,199,792 277,460 498,040,004 88.0
Q3 2,388 248,181 592,657,049 278,805 665,787,285 89.0
Q4 2,042 240,988 492,098,169 272,152 555,734,402 88.5
YR 7,431 243,976 1,812,985,344 275,615 2,048,097,562 88.5

Condominium

YearQuarter Number of LoansAverage Loan ($)Total Loans ($) Average Sales Price ($)Total Sales Volume ($)Loan-to-Value Ratio (%)
2019Q1 152 183,251 27,854,209 211,371 32,128,361 86.7
YR 152 183,251 27,854,209 211,371 32,128,361 86.7
2018Q1 185 187,799 34,742,724 215,410 39,850,831 87.2
Q2 258 184,045 47,483,618 210,096 54,204,703 87.6
Q3 242 196,258 47,494,334 224,286 54,277,273 87.5
Q4 183 188,712 34,534,379 215,979 39,524,140 87.4
YR 868 189,234 164,255,055 216,425 187,856,947 87.4
2017Q1 172 185,223 31,858,336 209,774 36,081,101 88.3
Q2 269 190,575 51,264,555 214,981 57,829,813 88.6
Q3 267 188,747 50,395,581 214,446 57,257,131 88.0
Q4 232 197,427 45,803,024 221,243 51,328,476 89.2
YR 940 190,768 179,321,496 215,422 202,496,521 88.6
2016Q1 237 184,481 43,722,072 204,086 48,368,324 90.4
Q2 268 193,878 51,959,373 214,280 57,426,922 90.5
Q3 277 178,056 49,321,578 202,989 56,227,914 87.7
Q4 294 184,933 54,370,428 215,891 63,471,844 85.7
YR 1,076 185,291 199,373,451 209,568 225,495,004 88.4
2015Q1 239 180,214 43,071,029 204,381 48,847,052 88.2
Q2 356 184,829 65,799,263 207,865 73,999,998 88.9
Q3 329 190,451 62,658,366 215,090 70,764,528 88.5
Q4 305 188,235 57,411,825 216,606 66,064,911 86.9
YR 1,229 186,282 228,940,483 211,291 259,676,489 88.2
2014Q1 245 174,732 42,809,405 200,696 49,170,440 87.1
Q2 336 188,530 63,345,958 210,576 70,753,594 89.5
Q3 421 181,196 76,283,389 203,251 85,568,725 89.1
Q4 315 189,752 59,771,870 215,645 67,928,051 88.0
YR 1,317 183,911 242,210,622 207,609 273,420,810 88.6
2013Q1 247 177,346 43,804,470 201,572 49,788,304 88.0
Q2 354 190,003 67,261,066 213,516 75,584,612 89.0
Q3 363 182,650 66,302,011 205,351 74,542,262 88.9
Q4 362 187,449 67,856,616 209,792 75,944,826 89.3
YR 1,326 184,935 245,224,163 208,039 275,860,004 88.9
2012Q1 179 174,114 31,166,424 190,003 34,010,466 91.6
Q2 378 181,914 68,763,662 201,819 76,287,560 90.1
Q3 327 182,325 59,620,115 205,941 67,342,619 88.5
Q4 377 179,718 67,753,555 202,707 76,420,483 88.7
YR 1,261 180,257 227,303,756 201,476 254,061,128 89.5
2011Q1 224 171,204 38,349,605 191,661 42,932,140 89.3
Q2 283 177,540 50,243,859 198,205 56,092,107 89.6
Q3 293 171,361 50,208,824 201,337 58,991,775 85.1
Q4 213 179,933 38,325,694 205,486 43,768,486 87.6
YR 1,013 174,855 177,127,982 199,195 201,784,508 87.8
2010Q1 315 166,369 52,406,196 185,463 58,420,843 89.7
Q2 477 171,845 81,970,158 188,852 90,082,482 91.0
Q3 374 173,314 64,819,542 191,119 71,478,423 90.7
Q4 292 164,434 48,014,782 183,132 53,474,651 89.8
YR 1,458 169,555 247,210,678 187,556 273,456,399 90.4
2009Q1 317 185,212 58,712,111 206,385 65,424,050 89.7
Q2 343 175,906 60,335,700 198,956 68,241,990 88.4
Q3 455 172,841 78,642,546 196,783 89,536,200 87.8
Q4 442 168,257 74,369,727 190,395 84,154,488 88.4
YR 1,557 174,734 272,060,084 197,403 307,356,728 88.5

Notes:

Based on the quarterly Survey of Lenders' Activity, a survey of private and public mortgage lenders.

Some of the increased lending activity in the 2nd quarter of 2012 may be attributed to the inclusion of a new lender to the survey sample.

Refinanced mortgages are excluded from this data series.

Beginning 4th quarter 2008, an adjustment is made to reduce double counting of loans reported by both primary and secondary lenders. Comparisons with earlier quarters will under- or over-state differences in activity.

Source: Alaska Department of Labor and Workforce Development, Research and Analysis Section