Team Feeken Blog

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.

35563 Knackstedt Street Soldotna, AK 99669: Soldotna Real Estate & Homes For Sale

August 13, 2013 By Glenda Feeken Leave a Comment

This home lives large with a great floor plan, decently sized bedrooms and exceptional storage. Don’t miss this Soldotna real estate and home for sale.

This well appointed Soldotna home has a cooks pleasing country kitchen with well sized dinning area. The living room is spacious and includes a wood burning stove. The other extra include a newer roof, paved dog kennel and green house. Built in 1993 on a .92 acre lot you get a lot of bang for you buck.

This Soldotna real estate is 1344 square foot ranch with three well sized bedrooms. The first two bedrooms are located off the hallway sharing the hall bath complete with shower, tub, sink and toilet. The master bedroom is located at the rear of the house for privacy and has a large closet.

Located off K-Beach on Poppy between Kenai and Soldotna you will have an easy commute to work and shopping.Colleges classes will be a breeze with the Kenai Peninsula College campus right down the road. The closest grocery store is Save You More a well …. scary looking warehouse that is surprising well stocked with items that we used to only find at the specialty grocers in Anchorage. Worth checking out. The closest day care is Little People Early Learning. The public schools are K-Beach Elemetary, Soldotna Middle School and Soldotna High School.

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34345 Matanuska Street Soldotna, AK 99669: Soldotna Real Estate & Home For Sale

August 13, 2013 By Glenda Feeken Leave a Comment

Soldotna Real Estate & Home For Sale

Your not going to find a kitchen this nice in any other Soldotna homes in this price range. The hickory cabinets glow and are beautifully paired with a stylish custom concrete counter top. A well position breakfast bar bridges the space between the kitchen and living room. The large living room is an open concept design with vaulted ceiling. The lighting has been upgraded with designer choices and several recessed lights for a bright home on the darkest days.

Built in 2010 this newer Soldotna Real Estate has two bedrooms and two baths. The bedrooms are a good size and the baths are each full size with a tub and full vanity for storage. The 1,074 square feet live large with high ceilings and a well cared for refined interior. The site .92 acres and has been partially cleared and is ready for your garden.

Conveniently located between Kenai and Soldotna a short distance off W Poppy or Jones Rd. The closest grocer is Save You More and the Red Diamond center is a short drive for any convenience items. The closest daycare is Little People Early Learning Center. The elementary School is K-Beach Elementary, next is Soldotna Middle School and finally on to Soldotna High School. The local community college KPC is a short drove down Poppy across K-Beach road.

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32652 Leslie Circle Soldotna, AK 99669: Soldotna Real Estate For Sale

July 31, 2013 By Glenda Feeken Leave a Comment

This Soldotna home is move in ready with gracious window and abundant natural light. One of the best features of this Soldotna Real Estate is that it is nested in a peaceful setting surrounded by treed lots. Located up the road from Skyview with the benefits of country living only 3 minutes from Soldotna.

The kitchen is large and open to the living spaces. Great selection of wall and floor cabinets with ample storage for all your cooking needs. The living spaces are open concept with a living – dinning room combo next to the kitchen. The den is next to the living room on the main floor and includes a nook with a wood burning stove. The laundry is in its’ own room and has space for storage.

This Soldotna homes is a three bedroom two bath home with master bedroom on the second floor. The master bedroom includes a 3/4 bath and his and her closets. The master suite is large with high ceilings and great privacy from the living areas. The other two bedrooms are on the main floor off of the living room and den. These two bedrooms share a full bathroom. Perfect for kids or guests.

The yard is fenced. The current owner have placed a new high efficiency forced air furnace in the property and there is a wood stove in the den. The home include 350 square feet of bonus living space not included in the official count. This bonus room is great for storage. [optima_express_toppicks id=127587 includeMap=true]

1607 Toyon Way Kenai, AK 99611: Kenai Real Estate For Sale

July 31, 2013 By Glenda Feeken Leave a Comment

Kenai Real Estate For Sale with Cook Inlet View

This Kenai home has an amazing view, great floor plan and convenient location. Enjoy easy in town living with this Redoubt Terrace town home overlooking the Cook Inlet. Located a short walk from the beach or the city park. Priced to sell at $209,500 with three bedrooms, two and half baths and a two car garage.

The main level begins with the two car garage or the main entrance sheltered from the snow and wind by an overhang. The kitchen is on your right as you enter and includes the common appliances. The kitchen’s horse shoe design is a efficient layout with ample counter space and storage. The living room runs from the kitchen along the length of the home to a patio door and window overlooking the Cook Inlet. Next to the patio is teh den with a large window overlooking the Inlet and fireplace.
The upper level includes two master bedroom with bathroom. The main master bedroom overlooks the cook inlet from the second story and has a stunning vista to awake to. Very few properties in Kenai have such a breath taking ocean view. One of the baths has a shower tube combo the other has a Jacuzzi tub. The third bedroom is a decent size and is suitable to a child or home office.

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Funny River Grove: Kenai Land For Sale

July 18, 2013 By Glenda Feeken 1 Comment

Funny River Grove is the premiere new subdivision off Funny River road. Located 14 mile from the Soldotna bridge you will be in a sport fisherman’s paradise. Access to the Kenai River is available by public boat launch at the Funny River State Camp Ground, approximately three miles from subdivision. When you are not fishing you can enjoy time at the Funny River Golf Course.

The subdivision has been improved with borough maintained gravel roads and electric has been ran underground to each lot.

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