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? The Kenai and Soldotna real estate market cooled slight from the prior week with seven home sales, one investment properties sale and one land sale.  The year is off to strong start and I will dive into more detail in another post about a comparison of the real estate market for the first four months in 2013 compared to 2012.  The inventory of homes for sale continues to grow with fourteen new listings for an average of 375 homes listed in the area.  If you would like to be notified about new listings in your area check out our email listings alerts.

 

Residential Homes For Sale: May 6th to May 12th 2013

Homes For Sale:  last week 369,  this week 375

Number Of New Home Listing:  last week 15,  this week 14

Number Pending:  last week 11,  this week 10

Number Sold:  last week 8,  this week 7

Days On Market For Sold:  last week 83,  this week70 days

Days On Market For Active:  last week 219,  this week 218 days

List Vs. Sales Price Ratio:  last week 98.35%,  this week 96.28%

Commercial and Multi-family: May 6th to May 12th 2013

Investment Property For Sale:  last week 71,  this week 86

Number Of New Investment Listings:  last week 0,  this week 3

Number Pending:  last week 0,  this week 2

Number Sold:  last week 2,  this week 1

Days On Market For Sold:  last week 336 days,  this week 28 days

Days On Market For Active:  last week 375 days,  this week 313 days

List Vs. Sales Price Ratio:  last week 79.26%,  this week 100%

Vacant Land: May 6th to May 12th 2013

Land For Sale:  last week 914,  this week 918

Number Of New Land Listings:  last week 26,  this week 9

Number Pending:  last week 4,  this week 4

Number Sold:  last week 4,  this week 1

Average Days On Market For Sold:  last week 169 days,  this week 198

Average Days On Market For Active:  last week 580 days,  this week 585

List Vs. Sales Price Ratio:  last week 83.45%,  this week 100%

 

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