Rathdrum Idaho 83858 February 2018 Real Estate Market Update

Rathdrum House Values!

Volume is up we had 20 homes sell in February 2018 compared to 17 homes in  2017.  Rathdrum Currently has 116 homes for sale of which 41 homes are pending.  Leaving 75 homes currently available or 3 3/4 months worth of inventory.  Still a great time to sell your Rathdrum home.

 

Rathdrum New Construction

New Construction Volume is up to 7 New Homes closing in the Month of February 2018 verse 4 in 2017.  The average price per square foot came in at $130 per sq. ft.  Which makes it appear that the price is down.  Upon breaking that down.  The 2 Viking Construction Homes built in Timber Landings Estates average $98 per square foot.  The 2 Benway Quality Homes built in Prairie Sky average $175 per square foot and the 2 Blue Ribbon Builders homes built in Radiant Lake average about $165 per square foot.

The 7th New Construction home was a Wild Ridge Estates Home built by Monarch.  It was on 1.36 acres and the home sold for $230 per square foot.

2017 had 4 new Construction homes on city lots.  They average $146 per square foot.

Rathdrum Idaho

Rathdrum February 2018 Home Values

Rathdrum Existing Home Sales

2018 February volume is down slightly in Existing Homes.  We had 6 homes sell this 2018.  They averaged $153 per square foot with an average lot size of .19 and average days on market of 90 days.  Compared to 2017 February 8 existing homes on city lots sold.  They averaged $115 per square foot.  And were on an average lot size of .22 acres and averaged 146 days on market.These homes sold this 2018 in areas such as Skyline Meadows, Prairie est, and Quail Ridge.

 

Rathdrum Homes on 5 Acre Lots

Volume is up for 2018.  We had 6 homes sell on 5 acre lots.  One was a Timbered Ridge New Construction that sold for $202 per square foot.  The other 5 were existing Homes that sold for an average price of $212 per square foot.  They averaged on 4.98 acres and average days on market of  120 days. These homes sold out of Elkhorn Ranch, Bar Circle S Ranch and Diamond Bar Estates.

2017 had 3 homes on 5 acre lots selling.  They sold for an average price of $109 per square foot.  The Average lot size was 4.9 acres and they sold in an average of 144 days on market.

 

Rathdrum Waterfront Homes

No 2018 Waterfront Homes

February 2017 had 1 waterfront home selling.  it was a new Construction on Radiant Lake.  The home sold for $217 per square foot.  Lot size was .34 acres.

Rathdrum Homes on 10 Acres

One 2018 Rathdrum Home on 10.3 acres.  This home sold for  $193 per square foot and was on the Market for 207 days.

 

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