Athol Volume Down and in Many Categories Prices down Also!
Athol had a total if 8 homes close in the Month of June Down from the 15 homes of 2016. I had to check myself several times doing this market report as it doesn’t feel like the numbers are down any. But I would say its going to bear some watching.
I actually think I reported some of them down last month also. I will have to go back and check. See if we have a new pattern emerging. I do know that an appraisal class I took last fall the instructor who was an appraiser discussed that we had already peaked and were heading down in a natural ebb and flow of the market. Usually it is our rural area that picks up the pattern sooner than the more dense market as Coeur d’ Alene.
As usual when you consider these numbers you want to take condition of home into consideration and location. These numbers are created for you as an average and to give you a basic place to start. If you would like a more precise number please contact me for your own personal market analysis or you can request one here also. My Home value.
Homes on 5 acre lots prices are actually a little down about $15 per square foot from last year.
2017 had 4 Stick built homes on acreage at the 5 acre mark. Those homes had an average price of $152.38 per square ft. Those homes averaged 5.17 acres.
2016 had 6 homes sell with an average sales price of $169 per square foot. Same average of acreage.
Manufactured homes sales were up for June.
2017 2 manufactured homes on land. They were both on 10 acres and averaged $209 per square foot. Up substantially from 2016’s 1 home that sold for $144 per square foot.
Homes on 10 acre lots are also actually down a little from 2016. Approximately $20 per square foot.
2017 1 Stick built home on 10 acres averaging $122.46 per square foot. 2016 had 4 homes selling for an average of $149.9 per square foot.
2017 Sees the homes on less than an acre actually up substantially in Athol although the volume is down.
2017 1 stick built home in town on .25 of an acre averaging $210.09 per acre. Compared to 2016 of 3 homes selling for an average price of $145 per square foot. Average size of those lots was .32.
We had no homes on larger chunks of land for 2017. We had 1 last year on a 20 acre parcel that went for $165 per square foot.
Thinking of buying see here what your purchasing power is!
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