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
|
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.











The Kenai Peninsula housing recovery is in full swing and many investors are considering buying an income property. In the Kenai and Soldotna real estate market single family homes are a popular option. The profit potential in single family homes for investment has been a consistently long-term investment in good and bad economies. They offer investors the opportunity of high loan-to-value mortgages at fixed interest rates for 30 years on appreciating assets, tax advantages and reasonable control that other investments don’t offer.