Market Update

Here is a market update for closed homes comparing 2015 to 2014 so far on the Kenai Peninsula. The graph below includes Kenai, North Kenai, K-beach, Soldotna, South of Soldotna, Kasilof, Ridgeway, Sterling and Funny River.

Residential
	Total Active			Agent Days on Market			Number Sold			Sold Volume			Average Sale Price
Area	Last Year	This Year	PCT	Last Year	This Year	PCT	Last Year	This Year	PCT	Last Year	This Year	PCT	Last Year	This Year	PCT
300 – North Kenai	91	91	0	348	188	-45	22	18	-18	4,357,500	2,201,354	-49	198,068	122,297	-38
305 – Kenai	107	127	+18	173	95	-45	35	46	+31	6,927,421	10,112,527	+45	197,926	219,838	+11
310 – Kalifornsky Beach	138	126	-8	217	144	-33	53	55	+3	12,229,176	13,442,259	+9	230,739	244,405	+5
315 – S of Soldotna	21	24	+14	197	116	-41	6	5	-16	941,000	1,163,900	+23	156,833	232,780	+48
320 – Kasilof	66	73	+10	274	164	-40	11	14	+27	1,693,707	1,891,000	+11	153,973	135,071	-12
330 – Soldotna	60	86	+43	144	104	-27	28	25	-10	7,138,900	7,589,300	+6	254,961	303,572	+19
335 – Ridgeway	80	56	-30	230	189	-17	10	22	+120	1,692,700	6,737,900	+298	169,270	306,268	+80
340 – Sterling	133	130	-2	247	133	-46	32	28	-12	7,882,080	6,799,141	-13	246,315	242,826	-1
345 – Funny River	43	52	+20	483	270	-44	6	2	-66	1,259,000	547,000	-56	209,833	273,500	+30
Residential Totals:	739	765	+3	248	148	-40	203	215	+5	44,121,484	50,484,381	+14	218,324	235,303	+7
Grand Totals	739	765	+4	248	148	-40	203	215	+6	44,121,484	50,484,381	+14	218,324	235,303	+8

The graph above shows that the market over the past six months has increased some. It also shows that the typical days on market are somewhat lower. Soldotna and south of Soldotna have had fewer houses sold in the last six months compared to last year but Ridgeway, Kenai and Kasilof have had good increases in number sold.