Nice cabin. Move-in ready. Once of the best looking cabins we have had listed, fully functioning bath. The kitchen is ready for cooking. Come enjoy your Alaska Adventure!
The real estate market in Kenai continues to be strong with a six percent increase in sales year to date. Surprisingly the sales growth is down from mid year tally of a 28% increase. Kenai was rocking in the first half of 2013. The future looks bright with a ten percent growth in the number of pending sales from last November.
This market report and real estate statistics are for the city of Kenai and its MLS area for the time period of January 1st to November 21st 2012 to 2013. This information is considered accurate but is not guaranteed and is subject to change.
2012 238 Listings
2013 273 Listings
The Kenai housing inventory increased by 15% this year. The driving force is the continued housing recovery and major shifts in the local oil and gas industry.
2012 212 New Listings
2013 265 New Listings
The number of new Kenai homes for sale increased by 25% in 2013. A large portion of the new listings were related to the bulk of employee transfers into and out of the area by Marathon and Hillcorp after the sale of the Cook Inlet Oil and Gas rights.
2012 98 pending listings
2013 108 pending listings
Pending Sales in Kenai follow the trend in inventory and new listing growth.
2012 100 sold homes
2013 106 sold homes
Although the inventory increased by 25%, the number of homes sold has only increase by six percent in Kenai.
The average sales price for Kenai has increased by thirteen percent.A healthy increase driven by record low interest rates and a strong local economy.
2012 97% of list price
2013 95% of list price
The percent of a home’s sales price to it’s list price dropped by two percent this year from 97% in 2012 to 95% in 2013. Given the large increase in the average sales price, this drop is likely caused by aggressive speculation of sellers in setting their list price and the ability of the buyers to demand a more realistic value.
2012 days on market 171
2012 days on market 105
A healthy market turns over it’s housing inventory quickly and the average time it took to sell a home dropped by 66 days in 2013.
2013 is a good year to sell your home and not a bad year to buy either. Interest rate are still historically low and the inventory of homes to choose from has grown. I will add not to wait around. Homes are selling faster than in the past if they are priced appropriately. The second half of 2013 may be a different story as interest rates climb and the inventory continues to shrink.
If you would like to learn more about buying or selling your home contact Glenda Feeken at RE/MAX today. 907 252 2743.
Overlooking the Cook Inlet off Cannery Road this Kenai Home is stunning. Just a short drive from the Kenai city limits and ten minutes from town you will enjoy the spectacular scenery of the Kenai Peninsula but are close to all the comforts you expect. Life will be good as you walk on the beach or simply watch the sunset behind Mt. Redoubt.
This easy living home for sale in Kenai consists of a large living room with an adjoining kitchen. The original owner had the home built to be handicap friendly. The Kitchen has a spacious island and large dining area. The kitchen counter tops are solid surface. The home has three bedrooms and two baths. The master suite is large with a sauna, large walk in shower, larger walking in closet and abundant square footage for you personal space. The other two bedrooms are located along the back of the home sheltered from the road. They share a hall bath and are well sized with large closets. Storage is ample in the kitchen with a wall of cabinets, pantry and large two car garage .
The Public Schools are Kenai Elementary, Kenai Middle and Kenai High School. The closest grocers are Kenai Safeway, Three Bears, country Foods and Walmart.
This market snapshot was prepared for real estate and homes for sale in Kenai, Soldotna, North Kenai, Ridgeway, K-Beach, Sterling, Funny River, Kasilof and South of Soldotna.
How’s the market? Surging with spring. The Kenai & Soldotna real estate markets continue to ramp up for summer. New listing, pending and solds nearly doubled in volume from last week. 44 new home listings have come on in the last week alone. The inventory of homes is climbing as fast as my frustration with the continues snow and sleet. The list price to sales price continues to hold strong above 97%. This is an improvement over many of our past selling seasons. If you would like to be notified about new listings in your area check out our email listings alerts.
Homes For Sale: 359
Number Of New Home Listing: 44
Number Pending: 20
Number Sold: 18
Days On Market For Sold: 160 days
Days On Market For Active: 223 days
List Vs. Sales Price Ratio: 97.20%
Investment Property For Sale: 81
Number Of New Investment Listings: 2
Number Pending: 1
Number Sold: 0
Days On Market For Sold: N/A
Days On Market For Active: 369 days
List Vs. Sales Price Ratio: N/A
Land For Sale: 896
Number Of New Land Listings: 34
Number Pending: 8
Number Sold: 2
Average Days On Market For Sold: 562 days
Average Days On Market For Active: 596 days
List Vs. Sales Price Ratio: 81.89%
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LOTS OF POSSIBILITIES! Property is zoned limited commercial. This lovely home enjoys highway frontage and a large shed. Separate house included for $1 (Parcel ID 04909223)on .23 acre lot. Both homes have city sewer & water. Big house has 3 bdrms., 2.5 baths, 1,870 sf, built 1983. Small house has 1 bdrm., 1 bath, 804 sf, built 1976.
This charming log home is nestled on a hill overlooking Daniels Lake. You will feel the peace of a rustic cabin with the convenience of a modern kitchen. The romance never ends with two fire places, a large deck overlooking the lake, cozy loft and private master suite. Detached two car garage for the boys.