Spirit Lake Idaho July 2018 Real Estate Market Update

Spirit Lake Idaho 83869 July 2018 Housing Market Update

11 Homes sold in July 2018 down tremendously from 30 homes sold in 2017.  Sewer moratorium is really making a mark on the monthly home sales volume in Spirit Lake Idaho.  There is currently 62 homes for sale in Spirit Lake Idaho.  Or about 5 1/2 months worth of inventory.  We are getting very close to a balanced market in Spirit Lake according to the numbers this month.

 

 

Spirit Lake New Construction

One new construction home sold this month.  It was in Spirit Lake Subdivision and sold for an average price per square foot of $145.

Compared to 13 new construction homes in 2017.  Homes on city lots averaged $143 per square foot last year and were on a .25 acre lot on average.  We also had 2 homes on 1 acre lots that sold in Spirit Lake 1st they averaged $118 per square foot and one new construction home in Spirit Lake East that was on an 11.45 acre home that sold for an average price per square foot of $168.  Most of these homes were Daum built.

 

There are currently 4 new construction homes for sale in Spirit Lake

Spirit Lake New Construction for sale

Existing Homes on City Lots in Spirit Lake

2018 had 6 homes sell this July.  They sold for an average price per square foot of $184 per square foot.  These prices ranged from $177 per square foot in Ossewarde Subdivision, all the way to $199 per square foot in Blackwell Addn.  This section of houses was represented by homes in Spirit homes, Spirit Lake Village and Spirit Lake.

2017 had 9 existing homes sold in July.  Those homes ranged in price from $196 to $57 per square foot.  With an average price per square foot of $115.  The average days on market were 72 days and the average lot size was .34 acres.

There are almost 30 homes for sale that are on a city lot.  About 5 months worth of inventory.

Spirit lake Homes less than 1 Acre
Home Values Spirit Lake Idaho

Spirit Lake Idaho Real Estate Home Values

Spirit Lake Homes on Acreage

With only 3 homes selling this month that was on acreage, we have 20 homes that are currently for sale right now or a little over 6 months worth of inventory.

Spirit Lake Homes on Acreage for sale

Spirit Lake homes on 1 Acre

No 2018 homes on 1 Acre in 2018.

One existing home on a 1-acre lot sold in 2017.  That home averaged $105 per square foot and 68 Days on market.

Spirit Lake Homes on 5 Acres

No 2018 Homes on 5 acres.

2 Homes sold in 2017 that were on 5 acre lots.  They averaged out at $188 per square foot and were on the market for an average of 107 days.  The average lot size was 4.8 acres.

Spirit Lake homes on 10 Acres

Spirit Lake had 3 homes on 10 acre lots sell this month.  2 Homes in Spirit Lake East and one home that was not in a subdivision.  These homes averaged a sales price of $157 per square foot and the average lot size was 10.26 acres.  The average days on market was 49 days.

3 homes on 10 acres sold in 2017 as well.  These homes were in Little Fawn and Spirit Lake East.  The average price per square foot for these homes was $169 per square foot.  Average days on market were 86 days and the average lot size was 11.47 acres.

Spirit Lake Waterfront Homes

One Home sale this July 2018.  It was a 1950 build that sold for an average price per square foot price of $355.  Lot size averaged .83 acres and the average days on market was 23 days.

2017 had 2 lakefront homes sell.  They sold for an average price of $250 per square foot.  The average days on market was 150 days and the average lot size was .26 acres.

Spirit Lake Waterfront Properties for sale

 

Considering Selling Your Spirit Lake Home?

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Curious about previous Market Reports?

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Spirit Lake Homes for Sale

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