Spirit Lake November 2018 Real Estate Update

Spirit Lake Idaho 83869 November 2018 Housing Market Update

11 Homes sold in Spirit Lake during November 2018.  Down from 16 homes sold in November 2017 and 12 homes sold in November 2016.     There are 34 Homes currently available in Spirit Lake this November or 3 months worth of inventory.  You will note this month I gave you a new number.  We are beginning to see some price reductions to get homes sold as quickly as they were selling.  With that said the original list price is the price the home came on the market with.  The day it was listed.  Its adjusted list price reflects a price reduction.  And the dollar or percentage amount reflects how much of a price reduction.  Questions on home values Contact Us!

 

Spirit Lake New Construction

2 New Construction Homes sold in Spirit Lake November 2018.  They sold for an average price per sqft of $178. They were both inOssewarde built by Daum Construction.

We had 5 new construction homes in November 2017.  3 homes on city lots selling for an average price per sqft of $150 and 2 homes on land selling for $162 per sqft and $263 per sqft respectively.  November 2016 had 4 new construction selling for an average price per sqft of $128.

Spirit Lake New Construction for sale

Existing Homes on City Lots in Spirit Lake

5 Existing Homes selling in Spirit Lake this November.  They sold for an average price per sqft of $156 and were on the market for an average of 67 days.  The average lot size was .36 of an acre.  These homes sold for 89% of original list price and sold for 91% of the adjusted list price.  Total price reduction on these 5 homes was $133,100.

November 2017 had 6 existing homes selling for an average price per sqft of $140 and were on the market for 58 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

 

Spirit Lake Homes on 5 Acres

2 Homes on 5 acre lots sold this November.  Neither home was in a community.  They sold for an average price per sqft of $153 and were on the market for an average of 72 days.  These homes sold for 94% of the original list price.  and 98% of the adjusted list price.

5 Homes sold during 2017.  They sold for an average price per sqft of $136 and were on the market for 98 days on average. 00

Spirit Lake homes on 10 Acres

No 2018 sales

November 2017 had 3 homes selling on 10 acres.  they were all over the place on condition but I think we can pull the average price per sqft of $158 out of that mess.  November 2016 had 2 homes sell for $136 per sqft with 98 days on market.  

Spirit Lake Homes Over 10 Acres

2 Homes sold on over 10 acre lots.  One in Spirit Lake East selling for an average price per sqft of $180.  It was on the market for 142 days.  Lot size was 13.82 acres. The other home was on 20.03 acres and sold for an average price per sqft of $165 and was on the market for 137 days.

November 2017 had 1 large horse property selling for $307 per sqft with 206 days on market.  No November 2016 to compare to.

 

Spirit Lake Waterfront Homes

Spirit Lake Waterfront Properties for sale

No Waterfront Sales in November for the last several years.

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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