The Glenda Feeken Team

TIME TO BUY ON THE KENAI

There are 340 properties on the Multi Listings Service for the  Central Peninsula Area(Sterling, Ridgeway, Soldotna, Funny River, South of Soldotna, Kasilof, K-Beach, Kenai, and North Kenai). A buyer has a good selection of homes in most price ranges. In most areas the selling price of the homes  are up  slightly over 2007 selling price. The National News Media is Real Estates worst enemy, as they only talk doom and gloom which is not the reality of most of the U.S. and certainly not Alaska. The Central Peninsula's market is strong and healthy if home's are priced with in market, for age, location, and condition.

Interest rates have been trending upward slightly. This said they are still wonderful!

Conventional,FHA,VA, 6.62     ALASKA HOUSING RURAL 6.25%

On Wednesday the 25th the FED'S will meet again this should not have an impact on interest rates, but that depends on their statement on the economy. The stock market is making the interest rates bounce around, so hopefully it will settle out so interest rate will also settle in.

So with that said what are you waiting on? You have a  good selection of properties, good interest rates, and a choice of loan programs. Now's the time to buy your primary home, or your second home.

ALASKA IN JUNE

These pictures were taken on Turnagain Pass on the way home to Kenai from Anchorage last Saturday, June 14, 2008. The pass still has lots of snow. I think we are going to have a cool summer. The temperature was a high of 59 in Kenai today, June 18th. The projected high temperature for the next five days is  61. The best thing about the cool temperature is fewer mosquitoes. Sorry didn't get any pictures of the combat fishing on the Russian River.

Opportunity Knocks on the Kenai Peninsula

Have you checked online or looked at the real estate magazines? There are some really great listings priced right on the Kenai. Properties in Anchorage, the Valley and Fairbanks are still thousands of dollars higher than like property on the Central Peninsula.

The Kenai Peninsula is a wonderful place to call home. Where else can you get off work and within a limited amount of time be on the the Kenai river fishing for salmon? Don't miss the dip netting season if you do nothing more than go down to the beach and watch everyone trying to learn to use their four wheel drive in the sand. Then the best fishing is in fall when everyone has gone home and it is just you and salmon out enjoying the river, along with the bears and moose.

The Peninsula has so much more than fishing to offer. There are bike trails, hiking trails, nordic ski trails, wild life viewing opportunities where ever you go.

Remember the Kenai is a great place for a family. The schools provide the children with a good education, and a host of extra curricular activities. The Boys&Girls Club offers many other opportunities such as soccer, basketball, etc. Then there is Pop Warner football, baseball and softball.

So don't miss your chance to make the most of the opportunity the Kenai offers.

PLAY ALASKA

   

 

 

 

 

What a great house, love to fish and hunt make this your base camp. Just minutes to Salmon fishing on the Kasilof River, just down the road to halibut fishing. For the hunter think moose. The large spacious rooms make entertaining family and friends easy. Large country kitchen lots of built-ins make for easy buffets, great views from most rooms, love the decks, 1,300 sq. ft garage, covered boat or RV parking. Don't over look the country quite of this 2.50 ace. P.S. seller just went clam digging at Clam Gulch.

CENTRAL KENAI PENINSULA MAY RESIDENTIAL SALES

AREA	2007 SOLD	2008 SALES	2007 AVERAGE SALES PRICE	2008 AVERAGE SALES PRICE
N. KENAI	5	1	192,424	60,000
KENAI	10	12	156,720	207,025
K-BEACH	9	9	193,285	244,611
S OF SOLDOTNA	2	1	404,700	139,000
KASILOF	1	3	172,000	31,667
RIDGEWAY	5	4	247,280	198,125
STERLING	5	9	144,800	218,056
SOLDOTNA	7	4	152,034	185,125
FUNNY RIVER	1	4	185,000	144,112

As always remember the small numbers make the price really exaggerated from one year to the next.

The housing market is doing great on the Kenai, don't let all the lower 48 talk cloud your view of buying or selling.