Rathdrum Idaho November 2018 Real Estate Update


Rathdrum Idaho November 2018 Home Values Update

November 2018 had 46 homes selling in Rathdrum Idaho.  Up slightly from 43 Homes selling in November 2017 and very up from 2016 November with 28 homes sold.   Rathdrum currently has 112 homes on the market or slightly less than 2 1/2 months inventory.  Still very much a seller’s market in Rathdrum.  I have added you a new number though in a couple of categories.  We have seen some price reductions lately so in the categories that have a noticeable difference between original list price/ adjusted list price and sold price I am noting the amount of the price reduction.  If you have any questions on “the market” or would like a personal home valuation to be sure to contact us!

 

Rathdrum Idaho New Construction

17 New Construction homes sold this November 2018.  They sold for an average price per sqft of $137.The average lot size was.21 of an acre.  Most of these sold in Prairie Sky built by Benway, timber Landings built by Viking and North Ranch at Corbin built by Hayden Homes.

Your high seller this month was a Prairie Sky build by Northland Homes going for $209 per sqft.  Your low seller was a Timber Landings Estates home built by Viking coming in at $94 per sqft.  These lower values are homes on unfinished basements.

 

We had 15 new construction homes selling in November 2017.  The homes on city lots sold for $144 per sqft on average and the new construction homes sold for $170 per sqft on average.  November 2016 had 6 homes selling for an average price per sqft of $135.

Rathdrum Idaho New Construction Homes for sale

 

 

Rathdrum Homes on Existing City  Lots Built 2000 or Newer

6 homes sold during November 2018 that was built pre 2000.  they sold for an average price per sqft of $161 and were on the market for an average of 149 days.  The average lot size was .27 acres.

These homes sold for 98% of there original list price.

Homes selling in this group included Corbin Crossing South, Timber Landings, Twin Lakes Village and Copper Valley Ranch.

November 2017 had 18 homes sell.  They sold for an average price per sqft of $131 and were on the market for 68 days on average.  November 2016 had 7 homes sell for an average price per sqft of $108 and 114 days on market. 

Rathdrum homes on less than an acre for sale

Rathdrum Homes on Existing Lots Built Pre-2000

7 homes sold during November 2018 that were built pre-2000.  They sold for an average price per sqft of $124 and were on the market for an averae of 89 days.  The average lot size was .30.

Homes included Copper Valley Ranch, Roth and more.

These homes sold for 93% of there original list price and 98% of there adjusted price.

Rathdrum Homes on Acreage

Rathdrum Homes on Over 1 Acre

Rathdrum Homes on 1 Acre Lots

One home on 1.45 acres selling in Wild Ridge Estates.  This is a new Construction selling for an average price per sqft of $234. The builder is Selkirk Construction

Rathdrum Homes on 5 Acre Lots

9 Homes on 5 acre lots sold in November.

3 New construction homes built by Timbered Ridge selling in Lone Mountain Estates and Moose haven Estates.  These homes sold for $211 per sqft on average.

6 existing homes sold on 5.03 acres.  They sold for an average price per sqft of $155 and were on the market for 80 days on average.  Your high seller in here was an Elkhorn Ranch home selling for $260 per sqft and your low was a home that was not in a community selling for $100 per sqft.

Comparatively, we had 2 existing homes sold in November 2017.  They sold for an average price per sqft of $159 and were on the market for an average of 112 days.  November 2016 had 2 homes as well selling for an average price per sqft of $149 with 104 days on market.

Rathdrum Homes on 10 Acres

One home on a 10.97-acre lot selling for an average price per sqft of $163.  It spent 138 days on market.

November 2017 had 3 homes sell.  They sold for an average price per sqft of $159 and were on the market for 112 days on average.  November 2916 had 2 homes selling for an average price per sqft of $149 and were on the market for 104 days on average.  

 

Rathdrum Waterfront Homes

One Waterfront home selling this November.  Radiant Lake home selling for an average price per sqft of $264.  It was a new construction built by Monogram Homes.

November 2017 had 1 twin Lake property selling for $227 per sqft it was on the market for 103 days.  2016 November 1 home selling for $115 per sqft and on the market for 115 days.  

Rathdrum Idaho Lake Front Homes for sale

 

Rathdrum 55+ Community in Golden Spike

2 Homes in Golden Spike Estates selling in November.  They sold for an average price per sqft of $152 and spent an average of 116 days on market.

November 2017 had 1 golden spike home selling for $125 per sqft it was on the market for 50 days.  November 2016 had 4 homes selling for $118 per sqft.

Rathdrum Condos

One condo selling in Twin Lakes Village this November.  It sold for an average price per sqft of $111 and was on the market for an average of 42 days.

2017 November had 2 condos selling one in Twin lakes Village for $90 per sqft and one in Radiant Lake selling for $170 per sqft.  

Rathdrum Condos for sale

 

Rathdrum Manufactured Homes on Leased Land

One Manufactured home on a leased lot selling in November.  It was in Pine Haven and sold for an average price per sqft of $43.  18 days on market.

November 2017 had 1 manufactured home selling for an average price per sqft of $19.  

Rathdrum Under 100K for sale

 

Rathdrum Home Value Results for Previous Months

Rathdrum monthly updates

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Rathdrum Homes for Sale

 

 

 

 

 

 

 

 

 

 

 

 

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