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

April 17, 2013 By Glenda Feeken Leave a Comment

The first quarter of 2013 can be described as healthy. As of March 31st twenty three more homes have sold in the Kenai real estate and Soldotna real estate markets than in the prior year. Across the board properties are selling better in 2013 than in 2012 and the number of listings are up. The average sales price for homes has climbed during the first three months from $179,00 to $205,000. This jump is common as we transition from winter to spring sales cycles.

Property types Residential, Condominium, Mobile Homes; Area North Kenai’, Kenai’, Kalifornsky Beach’, S of Soldotna’, Kasilof’, Soldotna’, Ridgeway’, Sterling’, Funny River’.

Number of Sold Listings
	2012	2013	Diff	Chg
January	16	24	8	50.00%
February	11	22	11	100.00%
March	29	33	4	13.80%

Dollar Volume of Sold Listings
	2012	2013	Diff	Chg
January	$ 3,111,299	$ 4,317,050	1,205,751	38.70%
February	$ 2,163,705	$ 4,345,150	2,181,445	100.80%
March	$ 5,590,300	$ 6,470,500	880,200	15.70%

Median Sale Price
	2012	2013	Diff	Chg
January	181,250	179,000	-2,250	-1.20%
February	197,000	195,000	-2,000	-1.00%
March	188,000	205,000	17,000	9.00%

Number of New Listings
	2012	2013	Diff	Chg
January	59	61	2	3.40%
February	57	65	8	14.00%
March	81	84	3	3.70%

Dollar Volume of New Listings
	2012	2013	Diff	Chg
January	$ 17,773,795	$ 15,410,399	-2,363,396	-13.30%
February	$ 13,718,350	$ 18,377,099	4,658,749	33.90%
March	$ 19,436,828	$ 25,901,699	6,464,871	33.20%

Median List Price
	2012	2013	Diff	Chg
January	265,000	193,000	-72,000	-27.20%
February	229,900	229,500	-400	-0.20%
March	209,000	227,450	18,450	8.80%

Comparing Entire MLS For Kenai & Soldotna Area’s as of Tuesday, April 16, 2013 2:45:05 PM. Information is deemed to be reliable, but is not guaranteed.

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Team Feeken Weekly Market Update: April 15th

April 16, 2013 By Glenda Feeken Leave a Comment

The Kenai & Soldotna Area Real Estate Week In Review

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? Good. The Kenai & Soldotna real estate markets continue to heat up as the weather improves. The inventory of homes is climbing from it’s winter slump as folks thaw out and decide to list their properties. Interestingly the number of sales for this week in 2013 compared to sales the same week last year are comparable but the available residential home inventory is down roughly 16%. Investment, commercial and vacant land listings are all up.

Residential Homes For Sale: April 8th to April 14th 2013

Homes For Sale: 348

Number Of New Home Listing: 17

Number Pending: 10

Number Sold: 11

Days On Market For Sold: 206 days

Days On Market For Active: 231 days

List Vs. Sales Price Ratio: 98.45%

Commercial and Multi-family: April 8th to April 14th 2013

Investment Property For Sale: 81

Number Of New Investment Listings: 0

Number Pending: 0

Number Sold: 0

Days On Market For Sold: N/A

Days On Market For Active: 342 days

List Vs. Sales Price Ratio: N/A

Vacant Land: April 8th to April 14th 2013

Land For Sale: 889

Number Of New Land Listings: 20

Number Pending: 4

Number Sold: 1

Average Days On Market For Sold: 1,030 days

Average Days On Market For Active: 594 days

List Vs. Sales Price Ratio: 80.95%

Looking For More Information?

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

April 9, 2013 By Glenda Feeken Leave a Comment

Central Kenai Peninsula Real Estate 2012 Market Report: Ten Year Comparison Report. Property Type: Residential Areas: 300 – North Kenai, 305 – Kenai, 310 – Kalifornsky Beach, 315 – S of Soldotna, 320 – Kasilof, 330 – Soldotna, 335 – Ridgeway, 340 – Sterling, 345 – Funny River Construction Type: Existing and New Construction

Year	# Sold	Avg. List Price	% List Price Change	Avg. Sold Price	% Sold Price Change	Avg. DOM
2003	307	$150,720	NA	$145,063	NA	152
2004	376	$154,700	2.64%	$148,109	2.10%	135
2005	478	$163,151	5.46%	$158,677	7.14%	115
2006	503	$182,135	11.64%	$178,745	12.65%	88
2007	449	$198,823	9.16%	$193,724	8.38%	90
2008	386	$209,189	5.21%	$201,057	3.79%	107
2009	313	$202,130	-3.37%	$194,953	-3.04%	109
2010	358	$199,420	-1.34%	$191,051	-2.00%	128
2011	343	$210,720	5.67%	$200,876	5.14%	139
2012	373	$221,146	4.95%	$212,829	5.95%	145

Breakdown of Real Estate Market Report By Area:

All Areas

Team Feeken Weekly Market Update: April 8th 2013

April 9, 2013 By Glenda Feeken Leave a Comment

The Kenai & Soldotna Area Real Estate Week In Review

This market Snapshot was prepared for real estate and home for sale in Kenai, Soldotna, North Kenai, Ridgeway, K-Beach, Sterling, Funny River, Kasilof and South of Soldotna.

How’s the market? Good. The inventory of new, sold and pending homes for sale is up over last year. Sellers will be happy to know that homes are selling for more. The local housing market continues to benefit from improved national demand for real estate and a strong surge in local industry. Many major real estate markets around the country are experiencing a shortage of properties to sell. The Central Kenai Peninsula continues to be balanced with historic inventory levels but a shortage of properties to rent. Just For Fun! How many homes listed over $400,000 sold in 2012?

Answer at bottom of page.

Residential Homes For Sale: April 1st to April 8th 2013

Homes For Sale: 345

Number Of New Home Listing: 16

Number Pending: 14

Number Sold: 8

Days On Market For Sold: 131 days

Days On Market For Active: 227 days

List Vs. Sales Price Ratio: 98.55%

Commercial and Multi-family: April 1st to April 8th 2013

Investment Property For Sale: 84

Number Of New Investment Listings: 4

Number Pending: 1

Number Sold: 1

Days On Market For Sold: 34 days

Days On Market For Active: 332 days

List Vs. Sales Price Ratio: 100%

Vacant Land: April 1st to April 8th 2013

Land For Sale: 879

Number Of New Land Listings: 15

Number Pending: 1

Number Sold: 5

Average Days On Market For Sold: 370 days

Average Days On Market For Active: 595 days

List Vs. Sales Price Ratio: 86.67%

Just For Fun! How many homes listed over $400,000 sold in 2012?

19 homes listed over $400,000 sold in 2012.

Looking For More Information?

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Kasilof Real Estate 2012 Market Report: 10-year Comparison Report

March 13, 2013 By Glenda Feeken Leave a Comment

10-year Comparison Report

Property Type: Residential
Area: 320 – Kasilof
Construction Type: Existing and New Construction

Year	# Sold	Avg. List Price	% List Price Change	Avg. Sold Price	% Sold Price Change	Avg. DOM
2003	14	$113,964	NA	$108,828	NA	216
2004	13	$139,100	22.06%	$133,184	22.38%	146
2005	25	$126,068	-9.37%	$120,044	-9.87%	120
2006	20	$202,650	60.75%	$195,210	62.62%	181
2007	22	$204,222	0.78%	$196,163	0.49%	116
2008	19	$154,363	-24.41%	$148,915	-24.09%	153
2009	21	$179,276	16.14%	$171,166	14.94%	100
2010	25	$146,364	-18.36%	$135,228	-21.00%	144
2011	20	$161,090	10.06%	$151,285	11.87%	114
2012	15	$106,786	-33.71%	$100,326	-33.68%	178

Breakdown of Real Estate Market Report By Area:

All information is deemed reliable, but is not guaranteed. Interested parties are advised to independently verify all information contained herein. © 2013 MLS and FBS.
Prepared by Glenda Feeken on Wednesday, March 13, 2013 1:22 PM

South of Soldotna Real Estate 2012 Market Report: 10 Year Comparison Report

March 13, 2013 By Glenda Feeken Leave a Comment

10-year Comparison Report

Property Type: Residential
Area: 315 – S of Soldotna
Construction Type: Existing and New Construction

Year	# Sold	Avg. List Price	% List Price Change	Avg. Sold Price	% Sold Price Change	Avg. DOM
2003	11	$141,700	NA	$135,777	NA	127
2004	10	$123,130	-13.11%	$113,490	-16.41%	127
2005	21	$167,204	35.79%	$161,157	42.00%	97
2006	23	$179,682	7.46%	$178,269	10.62%	85
2007	15	$267,954	49.13%	$259,287	45.45%	50
2008	21	$200,857	-25.04%	$195,088	-24.76%	100
2009	11	$199,581	-0.64%	$187,729	-3.77%	124
2010	10	$174,799	-12.42%	$166,440	-11.34%	104
2011	17	$203,699	16.53%	$199,794	20.04%	148
2012	14	$204,221	0.26%	$200,921	0.56%	204