Spirit Lake March 2018 Market Update

Spirit Lake Idaho March 2018 Market Update.

11 homes sold this month in Spirit Lake compared to 8 homes selling in March 2017.  Volume is up slightly and prices are up substantially.  Read More below to see how it broke out.

 

New Construction

New Construction sales in 2018 were up in volume we had 3 homes selling in Ossewarde Addition in Spirit Lake.  Those homes averaged $161 per square foot.  They were on .16 of an acre lot.  Homes were all built by Daum Construction.  Also had 1 new Construction home on acreage.  Spirit Lake 1st Addition a 1-acre lot.  That home sold for $179 per square foot.

2017 had 1 new construction home sell.  It was a 1200 sq ft home that sold for 128 per square foot.

Spirit Lake New Construction for Sale

Spirit Lake Idaho Existing Homes on City Lots

Existing home volume numbers for 2018  are down slightly this month with only 1 home selling.  It was a 1954 build that was 864 square feet on a .24 of an acre lot.  It sold for $90 per square foot.

2017 had 3 homes sell in Spirit Lake.  They average $72 per square foot. with average days on market of 91 days.  Average lot size was .43 acres.

Homes for Sale on city lots

 

National Average Days on Market for March 2018

Homes on Land in Spirit Lake Idaho

Spirit Lake March 2018

Spirit Lake Idaho Housing Update

Homes on 1-2 acres

2018 had the 1 new construction home that is mentioned above in the New Construction section.

2017 had 1 home sell in Spirit Lake Subdivision it sold for $ 135 per square foot.  Was on the market for 39 days and was on 1.96 acres.

 

Homes on 5-8 acres

2 Homes selling in 2018 so Volume is the same.  They are very diverse in condition.  This time the manufactured home sold for more than the stick built.    With a manufactured home on 5 acres coming in at $219 per square foot days on market were 32.  And a stick built home on 3.44 acres needing work that sold for $72 per square foot.  This home was on the market for 220 days.

2017 had 2 homes selling this month.  One in Spirit Lake East Subdivision that sold for $195 per square foot.  Was on 6.83 acres and was on the market for 170 days.  the other home was a Manufactured home that sold for $82 per square foot it was on the market for 220 days.

 

Homes on 10+ Acres

2018 had 2 homes on large lots selling this month.  Both in Spirit Lake East.  The home on 10 acres was a new construction home that sold for $213 per square foot.  The other home was a 1993 build that was on 15.75 acres and sold for $132 per square foot.  It spent 155 days on market.

One home also in Spirit Lake East sold in March 2017.  It was on 10.55 acres and sold for $158 per square foot.  Was on the market for 240 days.

Spirit Lake Homes on Land

Spirit Lake – Waterfront Homes

March 2018 had 2 Lakefront homes selling.  One in Spirit Shores that sold for $180 per square foot it was on the market for 79 days and was on a .33 acre lot.  The other lakefront home sold for $272 per square foot and was on the market for 32 days.

Spirit Lake Waterfront Homes

Request Your Spirit Lake Home Value Here

Want to see how some other months fared?  Check out Spirit Lake Market Reports Here!

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