2013 Soldotna Real Estate Market Statistics: November Report

The real estate market in Soldotna has been awesome for sellers and buyers in 2013. The number of Soldotna homes for sale grew from 139 to 150 in 2013 an 8% increase, but the number of homes sold is up 40% with 86 sales.

Soldotna Home For Sale

This market report and real estate statistics are for the city of Soldotna and its MLS area for the time period of January 1st to November 30th 2012 to 2013.  This information is considered accurate but is not guaranteed and is subject to change.

Active Listings Inventory Growth: 8%

 

2012 139 Listings
2013 150 Listings

 

The Soldotna housing inventory increased by 8% this year. The driving force is the continued housing recovery, low interest rates and pent up demand for homes.

New Listings Growth: 25%

 

2012 138 New Listings
2013 172 New Listings

 

The number of new Soldotna homes for sale increased by 25% in 2013.  The market is benefiting from employee transfers, investor sales and a healthy move up market.

Pending Listings Growth: 44%

 

2012 61 pending listings
2013 88 pending listings

 

Pending Sales in Soldotna follow the trend in inventory and new listing growth.

Number of Homes Sold Growth: 41%

 

2012 61 sold homes
2013 86 sold homes

 

Although the inventory increased by 8%, the number of homes sold has only increased by 41 percent in Soldotna.

Average Sales Price Growth: 4%

 

2012 $185,477
2013 $193,552

 

The average sales price for Soldotna has increased by four percent. A healthy increase driven by record low interest rates and a strong local economy. The Kenai River real estate sales have recovered but helping boost the average sales price.

Sales as a Percent of List Price Growth: 1.4%

 

2012 94.56% of list price
2013 95.91% of list price

 

The percent of a home’s sales price to it’s list price increased by 1.4 percent this year from 94.56% in 2012 to 95.91% in 2013. Given the  increase in the average sales price and inventory, it is interesting to see a balanced market where inventory is meeting buyer demand. The homes that are priced at market value are selling faster than in 2012.

Average Days On Market

 

2012 days on market 196
2012 days on market 139

 

A healthy market turns over it’s housing inventory quickly and the average time it took to sell a home dropped by 57 days in 2013.

 

2013 is a good year to sell your home and not a bad year to buy either. Interest rates are still historically low and the inventory of homes to choose from has grown. I recommend not waiting around. Homes are selling faster than in the past if they are priced appropriately.

 

If you would like to learn more about buying or selling your home contact Glenda Feeken at RE/MAX today. 907 252 2743.