The average price of an Anchorage condo was $193,318, down 1 percent from 2009. In 2001, it was $116,210; you can see the annual progression HERE.
The highest prices for both single-family homes and condos tend to be found in Chugiak-Eagle River as well as in South Anchorage, while the lowest prices tend to be found in the more diverse Mountain View and Fairview neighborhoods. The Anchorage Crime Map provides guidance on geographical correlations with crime.
Because many people who work in Anchorage buy homes in the southern Mat-Su Valley core commute area (defined as Palmer-Wasilla-Meadow Lakes-KGB) to evade Anchorage's higher home prices, here are the numbers for Mat-Su. The average price of a single-family home in Mat-Su was $225,560 in 2010. In 2001, it was $169,245; you can see the annual progression HERE. Mat-Su condo prices were not reported.
The Mat-Su core commute area is located 40-50 miles north of Anchorage. The lower home prices there can be negatively offset by fuel prices for a daily commute. Just today, the average price of a gallon of gas in Anchorage is reported at $3.39 per gallon. During winter, it is suggested you have a vehicle with AWD or four-wheel drive for the commute on the Glenn Highway/Parks Highway, even though it's freeway nearly all the way.
City-Data is also a good source of information on Anchorage; visit a reasonably current discussion forum on Anchorage's neighborhoods for more insight.