Rathdrum Idaho August 2017 Market Report 83858

Rathdrum Idaho August 2017 Market Report

There were 39 homes sold in August 2017! These are new construction, existing homes and condos combined. For August 2016, 41 properties sold. The volume is down slightly yet the prices are still up for 2017.  Days on Market are down also.  See how that breaks down into the different categories of homes.

 New Construction Homes 

 4 New Construction Homes selling August 2017 for Rathdrum Idaho.  Properties are located at Prairie Sky (3 homes) and Timber Landings Estates Subdivisions. They averaged 0.20 acres and sold for $136.25 per sq ft. The properties were out on the market for 153 days. For August 2016, 7 new construction homes sold. They’re located at North Ranch at Corbin (2 homes), Prairie Sky (2 homes) and Radiant Lake (3 homes) Subdivisions. The properties averaged 0.21 acres and sold for $132.21 per sq ft. They were on the market for 132 days on average.

15 Existing Homes on city lots (1 is a Townhome)

These homes are located at Boekel Ranch, Broken Tee Estates, Cascade Place, Prairie Est, Quail Ridge, Deerfield, 19th Hole Estates, Lakeview, Hidden Pines, Seneaquoteen, Westwood Villa and Handy’s Subdivisions. They averaged 0.22 acres and sold for $126.98 per sq ft. The existing homes were closed in only 48 days on average! The previous year, 23 existing homes sold but they were on the market longer — about 78 days on average. They averaged 0.21 acres and sold for $121.42 per sq ft. The volume is still down by 8 properties the prices are up slightly.

 Homes on 2 Acre Lots 

3 Homes on 2 acre lots sold August 2017.  These homes are from Lost Creek and Twin Lake Estates Subdivisions. They were on the market for only 30 days!  They sold for $158.78 per sq ft on average. For August 2016, 1 property at 1.61-acre was sold for $183.76 per sq ft. It was a 1966 home that was closed in 89 days.

Homes on 5 Acre Lots 

We had 7 homes on 5 acre lots sell in the Month of  August.  These are from Wendler Park, Bar Circle S Ranch, Double T Estates and Ramsey Est Subdivisions. They were sold in 185 days on average and for $164.31 per sq ft. 3 homes on 5 acre lots were closed for August 2016. It took about 91 days to sell them and for $130.84. The prices up about $34 per square foot.

Homes on 10 Acres

2 Homes on 10 acre lots selling this month.  Average days on market were roughly 2 months. They sold for an average of  $163.38 per sq ft. The previous year, only 1 home on a 10-acre lot was sold. It stayed on the market for 214 days.

 Golden Spike 55+ Community 

3 of these sold for $146.09 per sq ft. It only took 66 days on average to sell these homes! For August 2016, 2 were sold and took about 80 days to close it. They sold for $127.24 per sq ft.  Prices up $21 per square foot.

 Condos

A total of 5  condos selling for August 2017.  Condos were located in Rad Lk Condos, Twin Lakes Village, Timberlane and Rock Point. It took only 80 days on average to sell these.  They sold for an average of  $127.71 per sq ft.

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Check Out some of our Monthly Blog Posts

Demographics of Kootenai County

The Cost of renting vs Buying

Keeping Track of the Rathdrum Market?

September Rathdrum Market Report

October Rathdrum Market Report

November Rathdrum Market Report

 

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