Spirit Lake January 2018 Market Report
Spirit Lake closed 11 homes this month! Last year, they only sold 8 properties! The volume is up!
Currently, there are 34 homes listed in Spirit Lake. 6 of these properties are pending. The rest would be equivalent to 2 and half months worth of inventory.
Spirit Lake New Construction Homes
7 New Construction Homes sold in January 2018 in Spirit Lake. These new homes averaged 0.21 acres and were on the market for an average of 251 days. They sold for an average price of $144 per sq ft and located in Spirit Lake, Ossewarde Add and Northwood. Most of them were built by Daum Construction (5 homes), 1 from William Daum and Northland Const. LLC. No new construction homes were sold last year.
Spirit Lake Home on City Lot
One home sells this January 2018. This is a 1975 home located on Spirit Shores. It took 237 days to sell this 0.43 acre home on the market for $96.3 per sq ft. Last year, 6 homes sold in January 2017. They averaged 0.32 acres and sold for an average price of $102 per sq ft. Volume down and price down a little.
Spirit Lake Homes on 5 Acre Lots
2 homes on 5 acre lots sold this January 2018. They averaged 5.2 acres took 81 days on average to sell these for an average price of $201.15 per sq ft. 1 home on a 5-acre lot was closed last year. It was a 1990 home that closed in 181 days. It sold for $148 per sq ft. Prices up in this category.
Spirit Lake Home on More than 10 Acres
This 1981 manufactured home is located in Spirit Lake East. It was sold for $149 per sq ft in 73 days.