Spirit Lake May market results held steady between the year with 12 sales for each in May of 2017 and May of 2016.
May of 2017 Spirit Lake had 12 property selling:
Seven home selling on City Lots .3 Acres or less averaging $129 per square foot – we did see a $180 per square foot one and a low of $70 per square foot to average that out. Most of the new construction is running $125 to $135 per square foot with one home selling at $169 per square foot that one was on a 3/4 of an acre lot. Homes on a city lot are up about $8-$15 per square foot from last year.
1 home selling at $162 per square foot that one was on a 1-acre lot. This one sale is up about $40 per square foot from last year. That does appear to be the trend.
And then we have three homes selling on 10 acre lots averaging $152 per square foot that’s taking into consideration one of those going for 182 per square foot and the other 2 selling at 141 and 135 per square foot respective. Substantially higher than 2016.
2016 saw five home selling on a city lot .35 Acres or less averaging $118 per square foot.
One manufactured home selling on a city lot average $88 per square foot.
2016 had six homes on 1-acre Lots averaging $129 per square foot.
3 homes on 5 acre lots averaging $136 per square foot
and one home on an 11 acres averaging $109 per square foot
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