Kenai River Real Estate Is Not Worth What It Used To Be!

Kenai River Alaska

I can’t tell you how many conversations I have had in the past few weeks about Kenai River Homes. Kenai River real estate be it homes or vacant land have been strongly influenced by national economic cycles. The strong price appreciation in early to mid 2000’s was driven by discretionary income and investments, often out of state 1031 exchange money. This money pushed river pricing to a point of refusal for many buyers. As a result Kenai River property values and the volume of sales have dropped during the market correction.

This article was written to review the 2012 market activity. For current information please visit the Kenai River Real Estate main page. The market activity and prices have increased with a strong recovery in 2013 and 2014.

The Good News: We are seeing signs of a recovery as the national real estate market slowly improves and a return in qualified buyers to the Kenai River.

The Numbers: a nonscientific sample

Sold Lots: In the last 12 months 13 Kenai River lots have sold with widely varying pricing. The sales ranged from 82.49 acres for $1,050,000 to .42 acres for $80,000.
Active Lots: On the market currently are 25 Kenai River Lots ranging from 14.35 acres for $2,290,000 to .07 acres for $29,900.

Sold Homes: In the last 12 months 12 homes have sold, one was a lodge for $750,000. Kenai River homes sales range from $575,000 to $200,000.
Active Homes: There are currently 29 Kenai River real estate and homes for sale. The listing range from $1,800,000 to $125,000 for a cabin .16 acre.

 We cautiously expect to see a positive improvement in the number of sales and a gain in sales prices. If you would like to learn more about purchasing or selling Kenai River real estate please contact us or call 907 252 2743.

By Glenda Feeken Broker and Owner of RE/MAX of the Peninsula and lead for TEAM FEEKEN

 
$719,000
Beds: 4
Baths: 3
Sq. Ft.: 3,456
Listing Office: RE/MAX of The Peninsula
 
$2,750,000
Beds: 4
Baths: 4
Sq. Ft.: 4,544
Listing Office: Century 21 Realty Solutions Freedom Realty
 
$1,200,000
Beds: 3
Baths: 2 | 1
Sq. Ft.: 3,226
Listing Office: Alaska 1st Realty, Inc.
 
$1,100,000
Beds: 4
Baths: 4
Sq. Ft.: 3,633
Listing Office: Jack White Real Estate Kenai
 
$1,100,000
Beds: 3
Baths: 2 | 1
Sq. Ft.: 2,522
Listing Office: Jack White Real Estate
 
$1,095,000
Beds: 4
Baths: 4
Sq. Ft.: 2,934
Listing Office: Jack White Real Estate Soldotna
 
$974,500
Beds: 5
Baths: 5
Sq. Ft.: 3,298
Listing Office: Jack White Real Estate Soldotna
 
$895,000
Beds: 5
Baths: 4
Sq. Ft.: 3,667
Listing Office: Mossy Oak Properties of Alaska Kenai
 
$828,800
Beds: 3
Baths: 2 | 1
Sq. Ft.: 2,960
Listing Office: Mossy Oak Properties of Alaska - Soldotna
 
$811,440
Beds: 3
Baths: 2 | 1
Sq. Ft.: 2,898
Listing Office: Mossy Oak Properties of Alaska - Soldotna
 
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The listing content relating to real estate for sale on this web site comes in part from the IDX Program of Alaska Multiple Listing Service, Inc. (AK MLS). Real estate listings held by brokerage firms other than RE/MAX of the Peninsula are marked with either the listing brokerage's logo or the AK MLS logo and information about them includes the name of the listing brokerage. All information is deemed reliable but is not guaranteed and should be independently verified for accuracy. Listing content scraping by unauthorized personnel is strictly prohibited.

Alaska MLS data last updated at April 30, 2017 9:17 AM AKT
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Bronco and Dublin Episode 4: The buying process

  Bronco and Dublin going through the buying process in Kenai Alaska. They love to teach people what it takes to buy a home in Alaska.  They get to meet with a lender from Kenai Alaska and also a home inspector.