Spirit Lake Idaho Real Estate Update August 2019

Spirit Lake Idaho 83869 August 2019 Housing Market Update

Spirit Lake New Construction

No new construction sales in Spirit Lake for the month of August 2018.

4 new Construction homes sold in August 2018 in Spirit Lake.  2 homes on city lots both built by Daum Construction they sold for an average price per square foot of $164.  The other 2 homes both in Quail Ridge ( Bonner County) they were both on 5 acre lots and they sold for an average price of $227 per square foot.

August 2017 had 8 new Construction Homes selling for an average price per square foot of $140.  Those homes were in city lots.

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Spirit Lake New Construction for sale

Existing Homes on City Lots in Spirit Lake

Volume in existing homes sold on city lots in Spirit Lake has increased by 4 houses this month compared to August 2018. The average sales price has increased by $3 per sqft.

11 Existing homes built on city lots were sold in Spirit Lake Idaho for the month of August 2019. The average sales price was $167 per sqft. The average lot size was 0.25 acres. These homes sold for an average of 94% of the listed price.

The high seller of the group was a home in the Spirit Lake subdivision that sold for an average of $191 per sqft. The low seller of the group was also a Spirit Lake subdivision home that sold for an average of $121 per sqft. 

Spirit Lake had 7 existing homes on city lots sell in the month of August 2018.  They were on an average lot size of .27 of an acre and they sold for an average price per square foot of $164.  The average days on market were 136 days.

Compared to 2017 when we had 5 existing homes sell that sold for an average price per square foot of $121.  The average lot size for those was .22 acres and they spent 143 days on the market on average.

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

The inventory for sold homes on 1-acre parcels has stayed the same for this month compared to August 2018. The average price has decreased by $47 per sqft.

1 Home built on a 1-acre lot was sold in Spirit Lake for the month of August 2019. It sold for an average of $168 per sqft and spent an average of 49 days on the market. The average lot size was 0.9 acres.

One home in R Ranch sold in the month of August 2018; it sold for an average price per square foot of $215.  The average days on market were 49 days and the average lot size for this property was .85 of an acre.

August 2017 we had one home sale and it sold for an average price of $93 per square foot.

Spirit Lake Homes on 5 Acres

The volume for sold homes with 5-acres in Spirit Lake has decreased by one home. The average price has decreased by $54 per sqft for the month of August 2019 compared to August 2018.

1 Home on a 5-acre lot was sold in Spirit Lake for the month of August 2019. It sold for an average of $133 per sqft and spent an average of 101 days on the market. The average lot size was 4.4 acres.

Spirit Lake had 2 existing homes on 5 acre lots sell in August 2018.   They sold for an average price of $187 per square foot.  They were on an average lot size of 4.95 acres and the days on market averaged out to 59 days.

Volume down slightly in existing homes on 5 acre lots with 4 properties selling in 2017.  They sold for an average price of $ 198 per square foot. 91 days on market for those.

Spirit Lake homes on 10 Acres

The volume for sold homes with 10-acre lots has in Spirit Lake Idaho has remained the same for the month of August 2019 compared to August 2018. The average price has decreased by $15 per sqft.

3 10-acre homes were sold in Spirit Lake Idaho for the month of August 2019. They sold for an average of $191 per sqft and spent an average of 74 days on the market. The average lot size was 10.3 acres. These homes sold for an average of 97% of the listed price.

The high seller of the group sold for an average of $261. The low seller of the group sold for an average of $140 per sqft. All three homes are from the Spirit Lake East subdivision.

2 Homes with over 10-acres sold in Spirit Lake Idaho for the month of August 2019. The high seller of the group was a Spirit Lake East home that sold for an average of $149 per sqft and had an average lot size of 13 acres. The low seller of the group sold for an average of $144 per sqft and had an average lot size of 20 acres.

We had 3 Spirit Lake homes on 10 acre lots sell in the month of August 2018.  One being a distressed property that sold for an average price per square foot of $63.  It sold quick 30 days and was on a 10-acre lot.

The other 2 homes sold for an average price per square foot of $206 and were on the market for an average of 51 days.  The average lot size was 9.05 acres for those 2.

Volume held steady over 2017 with 3 homes also selling in August 2017.  These homes sold for an average price of $146 per square foot and about 90 days on the market.

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Spirit Lake Waterfront Homes

The volume is up for waterfront homes in Spirit Lake by one home in the month of August 2019 compared to August 2018, considering that August 2018 didn’t have any sales in this category. The average price has decreased by $221 per sqft for sale in this month compared to the sale in August 2017.

1 Residential waterfront home sold in Spirit Lake Idaho for the month of August 2019. It sold for an average of $233 per sqft and spent an average of 66 days on the market. The average lot size is 0.38 acres.  This home was from the Jumbo Cliff Subdivision and sold for an average of 96% of the listed price.

We had No waterfront homes sell this August 2018. 

August 2017 had 1 waterfront sale and it sold for $454 per square foot.  88 days on the market.

Spirit Lake Waterfront Properties for sale

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