Spirit lake Idaho May 2018 Housing Market Update

Spirit Lake Idaho 83869 May 2018 Housing Market Update

11 homes sold in May 2018 for a total volume of  $3,514,000 in total sales compared to  13 Homes sold in May 2017.  There are currently 50 homes for sale in Spirit Lake.  Or about 4 1/2 to 5 months worth of Inventory.  Remember the market is starting to balance out when we hit 6 months worth of inventory.  So still a seller’s market.

 

 

Spirit Lake New Construction

May 2018 had 1 new Construction home sell it sold for $153 per square foot and was on a .16 acre lot.

May 2017 had 3 new Construction homes selling on city lots and 1 home selling in Spirit Lake East.  The 3 homes built on city lots were all built by Daum Construction they average $141 per square foot and were located in Ossewarde Add, Spirit Lake, and Spirit Lake 1st.  The home in Spirit Lake East was also built by Daum and was on 10.99 acres that home sold for $182 per square foot.

Spirit Lake New Construction for sale

Existing Homes on City Lots in Spirit Lake

Home sales on existing lots volume down!

2 Homes on City lots selling this May 2018.  They averaged $121 per square foot and sold in an average of 45 days on market.  The average lot size was .20

May 2017 had 4 homes on existing lots sell.  They averaged .26 acres and sold for an average price of $99 per square foot.  These homes averaged 65 days on market.

May 2017  also had one home on a city lot that was in Spirit Lake Village that sold for $104 per square foot.  it was on a .57 acre lot.  It was on the market for 65 days.

Spirit lake Homes less than 1 Acre

Spirit Lake Homes on Acreage

Spirit Lake Homes on Acreage for sale

Spirit Lake homes on 1 Acre

No May 2018 sales on 1 acre.

We had one home in Spirit Lake 1st sell in May 2017.  That home sold for $162 per square foot.

Spirit Lake Id Home Values

Spirit Lake Idaho 83869 Housing market update

Spirit Lake Homes on 5 Acres

2 Spirit Lake homes sold in May 2018 on 5 Acre parcels.  One in Outback Ridge Estates and one in Seasons Acres.  The average price per square foot for these 2 homes was $139.  They averaged 5.51 aces.  They spent an average of 59 Days on Market.

Spirit Lake homes on 10 Acres

May 2018 had 5 homes on 10 acre lots sell.  These 5 homes were predominantly in Spirit Lake East.  Your prices are across the board depending on condition.  You had 3 homes in there average $178 per square foot and you had 2 homes average $92 per square foot.  Condition!!!  They averaged 69 days on market and the average lot size was 10.37 acres.  

May 2017 had 2 homes on 10 acre lots sell.  They averaged $138 per square foot and were on the market for an average of 75 days.  The average lot size was 10.39 acres.

Spirit Lake Waterfront Homes

Spirit Lake Waterfront Properties for sale

No May 2018 Waterfront sales.

May 2017 had 1 home sell on Spirit Lake.  It was a 1975 build that was 1650 sq ft on .12 of an acre.  It sold for $187 per square foot.  The home has 60 ft of frontage.

Considering Selling Your Spirit Lake Home?

Free No Obligation Home Valuation Here

 

Curious about previous Market Reports?

Track monthly trends here

 

Spirit Lake Homes for Sale

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