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Kenai Alaska 2013 Real Estate Statistics: Year To Date August

August 15, 2013 By Jason Feeken Leave a Comment

Kenai Real Estate  has had an active year with a 30% jump in the number of closed home sales.  That means there are fifty three happy new homeowners in Kenai.  The good news continues as 2013 is set to close with a bang.  Kenai homes under contract are near historic highs with 57 pending deals.  That is a 14% increase over this time last year and greater than the total number of Kenai properties sold to date.

 

Kenai      # Sold      # Pending      Average Sales Price      % of Sales to List Price

2013        53              57                    $209,592                          96%

2012        40              50                    $203,379                          98%

*data for a time period from January 1st to August 13th for 2012 and 2013.

 

Not all news is good news for Kenai home sales.  The big story is the drop in the average sales price from $209,592 to $203,379, a three percent drop from last year.  The list to sales price also dropped from 98% to 96%, a two percent drop.  The buyers have been active but have been unforgiving to homes priced outside of the market, or just plan overpriced.

 

What is different about our market today?

 

There has been a surge in demand for houses nationally and locally given the upswing in the general economy. What has changed from the good old days is the memory of the real estate bubble collapse.  Buyers are working hard to make prudent real estate investments. Buyers are also clinging to an expectation of low recession prices. This means that properties that are overpriced or have functionally obsolescent features are struggling to compete.

 

What does functionally obsolescent features mean? It is the catch phrase your appraiser uses to justify a devaluation of your property compared to it’s peers.  A good example would be when your home does not having a master bathroom and walk in closet, but all of the comparable sales within your neighborhood do.  The appraiser will discount your home’s value for the lack of a desirable, useful and valuable feature.

 

The take away is to be sure that your home is priced similarly to the homes that have already sold in your area.  It is the measure that everyone is looking at to judge value, particularly your potential buyer and their agent.

 

Kenai Real Estate Statistics 10 Year Comparison

Filed Under: Kenai Real Estate, Market Report Tagged With: Kenai Market Report

Feeken Weekly Kenai Real Estate Market Update: July 1st

July 2, 2013 By Glenda Feeken Leave a Comment

The Kenai & Soldotna Real Estate Week In Review

Kenai Real Estate Glenda Feeken and Jason FeekenThis 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? The Kenai and Soldotna real estate markets are strong with 21 homes sales closing last week. Nearly double the number of sold home from prior weeks. Expect the market to remain active through September with a peak in July and August. The inventory of homes for sale is stable with an average of 432 homes listed in the area.  If you would like to be notified about new listings in your area check out our email listings alerts.

 

Homes For Sale: June 24th to June 30th 2013

Homes For Sale:  last week 432,  this week 432

Number Of New Home Listing:  last week 23,  this week 21

Number Pending:  last week 14,  this week 13

Number Sold:  last week 12,  this week 21

Days On Market For Sold:  last week 168,  this week 140 days

Days On Market For Active:  last week 200,  this week 186 days

List Vs. Sales Price Ratio:  last week 96.32%,  this week 95.78%

Commercial and Multi-family: June 24th to June 30th 2013

Investment Property For Sale:  last week 95,  this week 93

Number Of New Investment Listings:  last week 0,  this week 4

Number Pending:  last week 0,  this week 1

Number Sold:  last week 2,  this week 1

Days On Market For Sold:  last week N/A days,  this week 37 days

Days On Market For Active:  last week 293 days,  this week 285 days

List Vs. Sales Price Ratio:  last week N/A%,  this week 100%

Vacant Land: June 24th to June 30th 2013

Land For Sale:  last week 935,  this week 935

Number Of New Land Listings:  last week 13,  this week 13

Number Pending:  last week 5,  this week 5

Number Sold:  last week 2,  this week 2

Average Days On Market For Sold:  last week 141 days,  this week 141

Average Days On Market For Active:  last week 587 days,  this week 587

List Vs. Sales Price Ratio:  last week 85.59%,  this week 85.59

 

Information is deemed to be reliable, but is not guaranteed.

 

Looking For More Information?

First Quarter 2013 Market Comparison: Kenai & Soldotna Area Real Estate Market Report

Central Kenai Peninsula Real Estate 2012 Market Report: Ten Year Comparison Report

FHA Loans More Expensive Than Expected For Kenai Home Buyers

The Overdue Reality Check For Kenai River Real Estate

 

Filed Under: Kenai Real Estate, Market Report

Feeken Weekly Kenai Real Estate Market Update: June 17th

June 17, 2013 By Glenda Feeken Leave a Comment

The Kenai & Soldotna Real Estate Week In Review

Kenai Real Estate Glenda Feeken and Jason FeekenThis 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? The Kenai and Soldotna real estate markets are reaching there seasonal peak in inventory. The next few months will be a good time for buyers. The selection of kenai homes will be a good as it is going to get. Sellers will also enjoy a slight historic boost in the average sales prices compared to the winter months. The inventory of homes for sale continues to grow with an average of 432 homes listed in the area.  If you would like to be notified about new listings in your area check out our email listings alerts.

 

Homes For Sale: June 10th to June 16th 2013

Homes For Sale:  last week 407,  this week 432

Number Of New Home Listing:  last week 25,  this week 23

Number Pending:  last week 12,  this week 14

Number Sold:  last week 8,  this week 12

Days On Market For Sold:  last week 127,  this week 168 days

Days On Market For Active:  last week 208,  this week 200 days

List Vs. Sales Price Ratio:  last week 98.50%,  this week 96.32%

Commercial and Multi-family: June 10th to June 16th 2013

Investment Property For Sale:  last week 80,  this week 95

Number Of New Investment Listings:  last week 5,  this week 0

Number Pending:  last week 1,  this week 0

Number Sold:  last week 1,  this week 2

Days On Market For Sold:  last week 115 days,  this week N/A days

Days On Market For Active:  last week 321 days,  this week 293 days

List Vs. Sales Price Ratio:  last week 81.22%,  this week N/A%

Vacant Land: June 10th to June 16th 2013

Land For Sale:  last week 924,  this week 935

Number Of New Land Listings:  last week 12,  this week 13

Number Pending:  last week 5,  this week 5

Number Sold:  last week 0,  this week 2

Average Days On Market For Sold:  last week 277 days,  this week 141

Average Days On Market For Active:  last week 591 days,  this week 587

List Vs. Sales Price Ratio:  last week 96.00%,  this week 85.59

 

Information is deemed to be reliable, but is not guaranteed.

 

Looking For More Information?

First Quarter 2013 Market Comparison: Kenai & Soldotna Area Real Estate Market Report

Central Kenai Peninsula Real Estate 2012 Market Report: Ten Year Comparison Report

FHA Loans More Expensive Than Expected For Kenai Home Buyers

The Overdue Reality Check For Kenai River Real Estate

 

Filed Under: Kenai Real Estate, Market Report Tagged With: Kenai Real Estate

Kenai & Soldotna Real Estate Week In Review: June 10th

June 10, 2013 By Glenda Feeken Leave a Comment

Kenai Real Estate Glenda Feeken and Jason Feeken

This market snapshot was prepared by Glenda Feeken and Jason Feeken 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? The sunshine and good weather has not slowed the Kenai and Soldotna real estate markets. The new listings, pending and sales have held at a steady level for the past three weeks.   The inventory of existing homes has grown with thirty one new single family home listings,  ten more than the prior week.  Four vacant lots sold with an average day on market for 266 days.  Selling land is definitely a long game.   The inventory of homes for sale continues to grow with an average of 427 homes listed in the area.  If you would like to be notified about new listings in your area check out our email listings alerts.

 

Homes For Sale: June 3rd to June 9th 2013

Homes For Sale:  last week 407,  this week 426

Number Of New Home Listing:  last week 25,  this week 31

Number Pending:  last week 12,  this week 11

Number Sold:  last week 8,  this week 8

Days On Market For Sold:  last week 127,  this week 71 days

Days On Market For Active:  last week 208,  this week 201 days

List Vs. Sales Price Ratio:  last week 98.50%,  this week 98.29%

Commercial and Multi-Family: June 3rd to June 9th 2013

Investment Property For Sale:  last week 80,  this week 96

Number Of New Investment Listings:  last week 5,  this week 4

Number Pending:  last week 1,  this week 0

Number Sold:  last week 1,  this week 0

Days On Market For Sold:  last week 115 days,  this week N/A days

Days On Market For Active:  last week 321 days,  this week 288 days

List Vs. Sales Price Ratio:  last week 81.22,  this week N/A

Vacant Land: June 3rd to June 9th 2013

Land For Sale:  last week 924,  this week 928

Number Of New Land Listings:  last week 13,  this week 16

Number Pending:  last week 5,  this week 8

Number Sold:  last week 0,  this week 4

Average Days On Market For Sold:  last week N/A days,  this week 266 days

Average Days On Market For Active:  last week 591 days,  this week 588

List Vs. Sales Price Ratio:  last week N/A,  this week 87.19%

 

Information is deemed to be reliable, but is not guaranteed.

 

Looking For More Information?

First Quarter 2013 Market Comparison: Kenai & Soldotna Area Real Estate Market Report

Central Kenai Peninsula Real Estate 2012 Market Report: Ten Year Comparison Report

FHA Loans More Expensive Than Expected For Kenai Home Buyers

The Overdue Reality Check For Kenai River Real Estate

 

Filed Under: Market Report

Feeken Weekly Kenai Real Estate Market Update: June 3rd

June 5, 2013 By Glenda Feeken Leave a Comment

The Kenai & Soldotna Real Estate Week In Review

Kenai Real Estate Glenda Feeken and Jason FeekenThis 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? The Kenai and Soldotna real estate markets had a good week with eight home sales, one investment properties sale and no land sales.   The inventory of existing homes has grown with fifteen new single family home listings,  ten less than the prior week.  Soldotna property is selling well and the Kenai real estate market is surging with new listings.   The inventory of homes for sale continues to grow with an average of 407 homes listed in the area.  If you would like to be notified about new listings in your area check out our email listings alerts.

 

Homes For Sale: May 27th to June 2nd 2013

Homes For Sale:  last week 405,  this week 407

Number Of New Home Listing:  last week 25,  this week 25

Number Pending:  last week 16,  this week 12

Number Sold:  last week 12,  this week 8

Days On Market For Sold:  last week 81,  this week 127 days

Days On Market For Active:  last week 208,  this week 208 days

List Vs. Sales Price Ratio:  last week 97.50%,  this week 98.50%

Commercial and Multi-family: May 27th to June 2nd 2013

Investment Property For Sale:  last week 89,  this week 80

Number Of New Investment Listings:  last week 3,  this week 5

Number Pending:  last week 2,  this week 1

Number Sold:  last week 0,  this week 1

Days On Market For Sold:  last week N/A days,  this week 115 days

Days On Market For Active:  last week 297 days,  this week 321 days

List Vs. Sales Price Ratio:  last week N/A,  this week 81.22

Vacant Land: May 27th to June 2nd 2013

Land For Sale:  last week 925,  this week 924

Number Of New Land Listings:  last week 12,  this week 13

Number Pending:  last week 5,  this week 5

Number Sold:  last week 2,  this week 0

Average Days On Market For Sold:  last week 277 days,  this week N/A

Average Days On Market For Active:  last week 591 days,  this week 591

List Vs. Sales Price Ratio:  last week 96.00%,  this week N/A

 

Information is deemed to be reliable, but is not guaranteed.

 

Looking For More Information?

First Quarter 2013 Market Comparison: Kenai & Soldotna Area Real Estate Market Report

Central Kenai Peninsula Real Estate 2012 Market Report: Ten Year Comparison Report

FHA Loans More Expensive Than Expected For Kenai Home Buyers

The Overdue Reality Check For Kenai River Real Estate

 

Filed Under: Market Report Tagged With: Kenai Real Estate, Soldotna Real Estate

Feeken Weekly Real Estate Update: May 27th

May 29, 2013 By Glenda Feeken Leave a Comment

The Kenai & Soldotna Real Estate Week In Review

Kenai Real Estate Glenda Feeken and Jason FeekenThis 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? The Kenai and Soldotna real estate markets had a impressive week with twelve home sales, no investment properties sale and two land sales.   The inventory of existing homes has surged with twenty five new single family home listings, nearly as much as the thirty homes listed the prior week.  Now is a great time to shop for a home. The selection is great and the snow is gone.   The inventory of homes for sale continues to grow with an average of 405 homes listed in the area.  If you would like to be notified about new listings in your area check out our email listings alerts.

 

Homes For Sale: May 20th to May 26th 2013

Homes For Sale:  last week 398,  this week 405

Number Of New Home Listing:  last week 30,  this week 25

Number Pending:  last week 7,  this week 16

Number Sold:  last week 9,  this week 12

Days On Market For Sold:  last week 129,  this week 81 days

Days On Market For Active:  last week 211,  this week 208 days

List Vs. Sales Price Ratio:  last week 94.47%,  this week 97.50%

Commercial and Multi-family: May 20th to May 26th 2013

Investment Property For Sale:  last week 88,  this week 89

Number Of New Investment Listings:  last week 2,  this week 3

Number Pending:  last week 0,  this week 2

Number Sold:  last week 0,  this week 0

Days On Market For Sold:  last week N/A days,  this week N/A days

Days On Market For Active:  last week 312 days,  this week 297 days

List Vs. Sales Price Ratio:  last week N/A,  this week N/A

Vacant Land: May 20th to May 26th 2013

Land For Sale:  last week 926,  this week 925

Number Of New Land Listings:  last week 7,  this week 12

Number Pending:  last week 1,  this week 5

Number Sold:  last week 3,  this week 2

Average Days On Market For Sold:  last week 197 days,  this week 277

Average Days On Market For Active:  last week 588 days,  this week 591

List Vs. Sales Price Ratio:  last week 85.22%,  this week 96.00%

 

Information is deemed to be reliable, but is not guaranteed.

 

Looking For More Information?

First Quarter 2013 Market Comparison: Kenai & Soldotna Area Real Estate Market Report

Central Kenai Peninsula Real Estate 2012 Market Report: Ten Year Comparison Report

FHA Loans More Expensive Than Expected For Kenai Home Buyers

The Overdue Reality Check For Kenai River Real Estate

 

Filed Under: Kenai Real Estate, Market Report

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About Team Feeken

Full time professional real estate agency serving the needs of Kenai, Soldotna, North Kenai, Sterling, Kenai River and surrounding areas for over 39 years. Specializing in residential homes for sale and commercial property. … Read More

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Glenda Feeken, Jared Potter with RE/MAX of the Peninsula
10767 Kenai Spur Hwy Ste A, Kenai, AK 99611
Office: 907.283.5888 • Cell: 907.252.2743
Site: www.kenaihomes.com

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