Sterling Real Estate 2012 Market Report: Ten Year Comparison Report

January 20, 2013 By Glenda Feeken

Sterling Real Estate 2012 Market Report: Ten Year Comparison Report
Property Type: Residential, Area: 340 – Sterling, Construction Type: Existing and New Construction
Search: Sterling Real Estate

Year	# Sold	Avg. List Price	% List Price Change	Avg. Sold Price	% Sold Price Change	Avg. DOM
2003	43	$167,396	NA	$161,913	NA	183
2004	53	$167,456	0.04%	$158,655	-2.01%	141
2005	63	$201,625	20.40%	$194,810	22.79%	145
2006	73	$194,748	-3.41%	$188,191	-3.40%	82
2007	60	$177,783	-8.71%	$170,900	-9.19%	129
2008	51	$220,559	24.06%	$208,533	22.02%	103
2009	45	$199,565	-9.52%	$188,045	-9.82%	152
2010	38	$232,634	16.57%	$220,860	17.45%	159
2011	47	$234,521	0.81%	$220,882	0.01%	169
2012	48	$234,252	-0.11%	$228,610	3.50%	138

All information is deemed reliable, but is not guaranteed. Interested parties are advised to independently verify all information contained herein. © 2013 MLS and FBS. Prepared by Glenda Feeken on Wednesday, January 16, 2013 4:38 PM

Breakdown of Real Estate Market Report By Area:

Soldotna Real Estate & Homes For Sale :: New Lisitings

January 17, 2013 By Glenda Feeken

Soldotna Real Estate & Homes For Sale: 33365 COMMUNITY COLLEGE Drive Soldotna, AK 99669, 35831 TARA Circle
Soldotna, AK 99669, 40035 STERLING Highway Soldotna, AK 99669

Kenai Real Estate & Homes For Sale: 49957 Eider Drive Kenai, AK 99611

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Year End Market Report – Central Kenai Peninsula

November 29, 2012 By Glenda Feeken

YEAR OVER YEAR COMPARISON

This Year: 1/1/2012 to 10/10/2012

Last Year 1/1/2011 to 10/10/2011

Area	Number Sold - Last Year	Number Sold - This Year	PCT %	Average Sale Price - Last year	Average Sale Price - This Year
300 - North Kenai	26	37	42	138,013	202,392
305 - Kenai	48	59	22	197,374	208,871
310 - Kalifornsky Beach	51	66	29	222,788	211,273
315 - S of Soldotna	12	8	-33	203,042	203,625
320 - Kasilof	19	15	-21	146,774	100,327
330 - Soldotna	41	35	-14	217,010	241,950
335 - Ridgeway	29	24	-17	244,271	292,496
340 - Sterling	39	38	-2	237,759	235,995
345 - Funny River	8	14	75	184,188	243,357
Residential Totals:	273	296	8	206,509	218,759
Grand Totals:	273	296	8	206,509	218,759

The first ten months of 2012 have been more active than the same period in 2011 with an 8% increase in the number of properties sold and a 6% increase in the average sales price. The bulk of the increase in properties sold have been centered in North Kenai, Kenai and K-Beach, while other areas experienced a drop in the number of sales from the prior year. Most local markets have benefited from an increase in average sales price. North Kenai was the big winner for sellers with a 46% increase in average sales price.

Oil and gas exploration and production continues to be a positive economic force with a positive outlook for the next year. We are seeing increased interest in exploration in the inlet and other areas by independents producers. Several new gas wells are being drilled in Kenai. The gas storage facility has been completed and is ready to address peak winter demand. Interestingly we are seeing a surge in new commercial construction from North Kenai to Soldotna. We are very lucky to have oil and gas, along with tourism and commercial fishing to support our local economy.

Click to search Kenai real estate.