Rathdrum Idaho November 2017 Market Report

 Rathdrum November 2017 had 43 total sales! The previous year, this community had 28 total sales.  Volume is up by 15 homes! Prices are up also.  Read More about it Here:

New Construction 

12 New Construction homes closed this November 2017.  They were spread out with homes in  Corbin Crossing South, Prairie Sky, Timber Landings Estate and Radiant Lake.  The average lot size was  0.2 acres and average price they sold for was $144.26 per sq ft. The properties were on the market for 189 days on average. In November 2017, there were only 6 new construction properties sold. They averaged being on 0.32 acres and sold for $135.24 per sq ft on average. The properties stayed on the market for 112 days before they were sold. The quantity double and price per square foot up by $9 per square foot.

Existing Homes on City Lots

November 2017 had 18 Existing Homes on City Lots sell.  These homes were from Radiant Lake, Skyline Meadows, Prairie Sky, Meadowland, Genesis Gardens, Twin Lakes, Copper Valley, Lakeview, Westwood Villa, Quarle’s, Browne Park and Fir Grove. The properties averaged 0.21 acres and sold for $131.57. The properties were on the market for only 68 days! In November 2016, Rathdrum had 7 sales with lot size being 0.25 acres on average. They were sold for $108.37 per sq ft. Average days on market were  114 days. Prices up by $23 per square foot and quantity is better than doubled.

3 New Construction Homes on 1-2 Acre Lots 

These properties were built by Precision Bilt and Aspen Homes. The properties are located in Lost Creek and Wild Ridge. They sold for an average sales price of  $170.62 per sq ft.  These are subdivisions that are still getting started and no sales for November 2016 in them.

2 Homes on 5 Acre Lots 

These are 1977 and 1997 homes that were sold for an average price of $159.84 per sq ft. They were on the market for 103 days on average. In November 2016, Rathdrum sold 4 properties they sold for an average price of  $133.15 per sq ft and took 112 days on average to sell them. The volume is down yet the price per sq ft and the number of days it took to sell them were better in 2017.

 Existing Homes on 10 Acre Lots 

3 Homes sold this November 2017 on 10 Acre lots.  They sold for an average sales price of  $159.49 per sq ft and took  112 days on average to sell. In November 2017, Rathdrum sold 2 homes for an average sales price of  $149 per sq ft and the homes were on the market for 104 days on average. Volume is down a little but the prices are up about $10 per square foot.

 

 Waterfront Property

One Twin Lakes Waterfront Property Closing this month of November 2017.  This beautiful 1914 property is located in Echo Beach that was sold for $227.11 per sq ft. It took 103 days to sell this property. The previous year, one waterfront property was sold in Rathdrum for only $115.36 per sq ft. The property was on the market for 115 days.

Golden Spike Estate 55+ Community 

Golden Spike Estates only had one property close this November 2017.  This home sold for $125.37 per square foot and took  50 days to close. In November 2017, 4 Golden Spike properties were closed for $118 per sq ft.

Twin Lakes Village Condo 

One Twin Lakes Village Condo this month.  This property sold for $90.16 per sq ft and took 195 days to sell.

Radiant Lake Condo 

One Radiant Lake Condo Selling this November 2017 also.  This condo sold for $170 per sq ft and took only 2 months to sell. None to compare to for November 2016.

 Manufactured Lease Lot 

Manufactured Homes on a leased lot had 1 home close this November 2017.  This home is located in Willow Creek and was sold for $19.44 per sq ft. It took 57 days to sell it.

For More Information on buying or Selling a home Check out some of our Monthly blog posts!

2017 Statistics are in

Demographics for Kootenai County

The cost of Renting vs Buying Your Own Home

Keeping Track of the Market

October Rathdrum Market Report

December Rathdrum Market Report

Curious about what your Rathdrum Home is Worth?  Request your Market Analysis Here!

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