Spirit Lake Idaho Real Estate Update for October 2018

Spirit Lake Idaho Real Estate October 2018 Update

Spirit Lake  Idaho Real Estate numbers are in 17 Homes sold in Spirit Lake in October 2018 Up from the 9 properties that sold in October 2017 and 12 properties that sold in October 2016.

There are currently 42 homes for sale in Spirit Lake Idaho.  Or  2 1/2 months worth of inventory.  Still very much a seller’s market.  Remember it takes 6 months worth of inventory to begin a balanced market.

 

Below you will find Octobers Monthly numbers.  Idaho is a non-disclosure state so you will not find homes selling for x amount of dollars.  Remember that when you are looking at Zillow as well. 

But you will find average price per sqft and see how the market is trending as we are finally to a point where we have 3 years worth of numbers for you.

So if you take our average price per sqft number and multiply it by the square footage of the home you are interested in it should give you a rough starting point.

Remember every neighborhood is different.  To help you tighten that number down you may want to go to our community page if we have one for the neighborhood you are interested in as we do break down values tighter to the neighborhood on our community pages.  Contact us for a free market report.

If we don’t have the community you are looking for.  Contact us and we will add it.  We are adding them as quickly as we can and if we are missing a popular one we don’t mind adjusting how we are putting them on to assist you.  

See a price range that works for you be sure to click on the link of homes for sale that matches that bracket.  

Spirit Lake New Construction

2 New construction homes sold in Spirit Lake October 2018.  They sold for an average price per sqft of $179.

Both homes in Ossewarde Add and both homes built by Daum Construction.

That number holds steady in volume to the 2 that sold in October 2017.  Their price was $146 per sqft on average,  October 2016 had 4 homes selling for an average price per sqft of $108 per sqft.

Spirit Lake New Construction for sale

Existing Homes on City Lots in Spirit Lake

7 Existing Home sales in Spirit Lake this October.  They sold for an average price per sqft of $136 and were on the market for an average of 62 days.  The average lot size was .22 acres.

Homes this month came out of Spirit Lake ( community) Coho and Genesis Gardens.

You did have a little range this month I would say the average would come close to buying most of the homes. you did have a high sale going for $192 per sqft and a low sale going for $85 per sqft.

2017 had 3 existing homes sold in October that were on city lots.  they sold for an average price of $114 per sqft and were on the market for an average of 104 days.  That number had held steady with 2016 numbers coming in at an average of $111 per sqft and 62 days on market.

Spirit lake Homes less than 1 Acre
Spirit Lake October

Spirit Lake Idaho Real Estate Market for October 2018

Spirit Lake Homes on Acreage

Spirit Lake Homes on Acreage for sale

Spirit Lake homes on 1 Acre

One home on a 1-acre lot this October.  Selling for an average price per sqft of $160 and was on the market for 36 days.  Averge lot size was 1.09 acres.

It was in Spirit Lake 1st

No 2017 numbers to compare to.

Spirit Lake Homes on 5 Acres

3 Homes on 5 acre lots.  Selling for an average price per sqft of $134.  They averaged 93 days on market and the average lot size was 5.34 acres.

One of these was in Treeport the other 2 were not in a Community.

October 2017 also had 3 homes sell.  They sold for an average price per sqft of $158 and were on the market for an average of 86 days.  October 2016 had 1 property sell.  It sold for an average price of $109 per sqft and was on the market for 70 days.

Spirit Lake homes on 10 Acres

4 Homes selling on 10 acre lots.  They sold for an average price per sqft of $148 and were on the market for an average of 101 days.

Most of these were in Spirit Lake East.

We did have a pretty large price range on these with the high seller coming in at $226 per sqft and the low seller coming in at $113 per sqft.  Both in Spirit Lake East.

For a home with nice amenities and a shop, I would suggest budgeting around the $225 per sqft range even though our average this month was substantially lower.

The average lot size this month was 10.62 acres.

October 2017 had 1 property sell it went for an average price per sqft of $136 and was on the market for 172 days.  October 2016 had  3 properties sell and they sold for an average price per sqft of $120 and were on the market for an average of 120 days.

housing futures

housing futures according to the experts

Spirit Lake Waterfront Homes

No October 2018 or 2017 Waterfront sales to report.

Spirit Lake Waterfront Properties for sale

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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