Spirit Lake Idaho April 2018 Housing Update

Housing volume is up April 2018 compared to 2017. With 12 homes compared to 9 selling this April.  We currently have 42 homes on the market or a little over 3  1/2 months worth of inventory.  Still very much a sellers market in Spirit Lake.  See how the numbers and average price per square foot broke out:

Spirit Lake  New Construction

We are going to start seeing a drop in New Construction in Spirit Lake due to the effects of the moratorium that is on the sewer.  This April we had 3 New Construction homes sell.  One on 5 Acres that sold for $211 per square feet.  The other 2 are Daum construction in Ossewarde Addition they sold for an average price per square foot of $158. Lot size was an average of .28 acres.

2017 had 5 New Construction homes sell.  One built by Timbered ridge on 5.47 acres that sold for $182 per square foot.  One Daum built home on .16 of an acre that sold for $144 per square foot and 3 Daum built homes on 1 acre lots that sold for $134 per square foot.

Spirit Lake Idaho April 2018 Home Values Statistics

Existing Spirit Lake homes on city lots

Volume is up slightly in 2018 this category with 4 homes selling.  They average $121 per square foot and were on the market for an average of 65 days.  Average lot size was .24 acres.

2017 2 homes selling this month.  These homes sold for $117 per square foot and were on the market for an average of 57 days.

Existing Spirit Lake Homes on Acreage

Homes on 1 Acre lots

2 homes on 1 acre lots sold this month Both in Spirit Lake 1st.  The average days on market were 123 days.  The average price per square foot was $136.

Homes on 5 Acre Lots

One home selling in 2018.  Manufactured home in Treeport.  It was on the market for 316 days and sold for $146 per square foot.

Homes on Lots over 10 Acres

2 Homes sold this 2018.  One in Spirit Lake East that was on 11.66 acres.  It was on the market for 105 days and sold for $225 per square foot.  Prices way up compared to last year.  The other home was on 20 acres and sold for $239 per square foot.  That home was on the market for 283 days.

2 Homes selling in 2017 that were in Spirit Lake East.  The average lot size was 11.98 acres and the average days on market were 370.  The average price per square foot was $163 .

Spirit Lake Waterfront Homes

We had no April Sales this year or last.

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