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?

Year End Market Report – Central Kenai Peninsula

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

FHA Loans More Expensive Than Expected For Kenai Home Buyers