October 2017 Spirit Lake Market Reports

October Spirit Lake Market Report for 2017

New Construction

2 new construction homes were closed for October 2017! They averaged 0.32 acres and sold for $146.79 per sq ft. Last year, 4 new construction units with an average of 0.36 acres were sold. The average price per sqft of these properties is $108.48.  So volume down some prices up.

Existing Homes  on City lots for October 2017

3 units with an average of 0.46 acres were sold! They were on the market for 104 days sold price per sq ft is was $114.67.   2016, 4 existing homes were closed. It had an average of 0.31 acres and sold for $111.56. These properties were sold within 62 days average.

 Existing Homes on 5 Acre Lots Closed!

For October 2017, 3 units were closed! The properties were from Outback Ridge Estate, Quail Ridge and Treeport Subdivisions. They sold for $158.10 per sq ft and were on the market for an average of  86 days.  Only 1 unit was closed last year that was sold for $109.43 per sq ft. It was closed in 70 days.  Existing homes on 5 acre lots prices are up!  

volume comparison for Spirit Lake Idaho

 Existing Homes Closed on 10 Acre Lots!

Last year, only one property was sold for $136.75 per sq ft. It took quite long to sell it — about 172 days. For October 2017, 3 properties with an average of 10.42 acres were sold for $120.72 per sq ft with an average of  120 days on market!

 If you want updates about new homes or a detailed report about a certain neighborhood, please don’t hesitate to contact me. We can discuss your future home goals and see how we can assist you.   Want to know what your home is worth?  Request a Market Analysis below:

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