Sandpoint City, Idaho '83864' Home Sales Report

By
Real Estate Broker/Owner with Sandpoint Realty LLC DB36113

What is my Sandpoint City Idaho 83864 Home Worth?

January 2017 Market Report - In town Sales

Sandpoint Idaho 83864 sits on the northern most shores of Pend Oreille Lake (pronounced - Ponderay).  The Long Bridge entering Sandpoint from Sagle Idaho is considered the official line of where Lake Pend Oreille turns to Pend Oreille River.  2016 Consensus estimates Sandpoint City population at approximately 7,700 of the total 83864 population of 18,450.  With the dramatic diversity in 83864 topography and home styles I prefer giving two separate Sandpoint 83864 Market Reports in an effort to make comparisons a bit more in line without quite so much difference in land and home features.  Sandpoint City & Out of Town. This report being Sandpoint City. 

Sandpoint City Single Family Homes 'SOLD': 

December 2015 - 10,  January 2016 - 2, December 2016 - 10,  January 2017 - 2

Sandpoint City Single Family Home Sale Median Price:

Dec '15 - $222,500,   Jan '16 - $123,000, Dec '16 - $207,450,  Jan '17 - $174,500

Sandpoint City Single Family Home Sales Median DOM (Days on Market)

Dec '15 - 112,   Jan '16 - 89,   Dec '16 - 93,  Jan '17 - 100

What do the above figures tell us?  Dec '16 median prices dropped 6.75% compared to Dec '15 while Jan '17 showed an increase over Jan 16 of 41%.  While a nice increase from a year ago still a substantial decrease from previous month.  I think what is important to look at here is the number of transactions.  They are showing very consistent with January drop in sales due to Holidays and winter months.  In real estate results do not show themselves until 45 to 60 days later.  Another words the '2' transactions for December for '15 and '16 indicative of slowdown beginning Thanksgiving.  February 1st showed a healthy Median active price of $290,000 with 37 active homes.  As we move out of holiday and winter months we will have a more telling look for sales in Sandpoint City for the year 2017.   My opinion is consistent transaction numbers, compared to last year,  with a small increase in Median 'Sold' price.

Yard sign - 10-10-14All indicators still show the market as a sellers market.  Although these broad figures are excellent for spotting trends, to best find "What your Sandpoint City, Idaho home is worth" you should have a personalized Home Value Report completed specific to your home.  Contact me now for your FREE No Obligation Home Value Report.

With Feb 1, 2017 Sandpoint City Single Family homes for sale numbering 37 there is currently over a 5 month inventory available if we average December and January sales.  Take into consideration increased sales as we move from winter months, and this shows itself holding true with the DOM (4 months discussed) average of 98.

Experience the Difference Living In North Idaho will make.  Contact me for your local North Idaho Real Estate Resource.

All information searched from Selkirk MLS and deemed reliable but not guaranteed.

Posted by

Mark Don McInnes

208 255-6227

"Experience the Difference' working with a full time professional Realtor®

Mark Don McInnes - Sandpoint Realty LLC

 

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Comments (13)

Maria Sapio
Keller Williams of Central PA - Carlisle, PA
Real Estate Agent- Carlisle, PA. Mariasapio.com

Good Evening my friend, Mark Don McInnes, Sandpoint .  I am always intrigued to see how each agent puts their own flair into a marketing report.  Yours is nicely done!  Hoping you are well and you're enjoying the beauty of this Saturday!

Feb 04, 2017 05:25 PM
Mark Don McInnes, Sandpoint-Idaho

Top of the evening Maria Sapio .  Yes the market reports do tend to vary a bit don't they?  I am not quite sure I have settled in yet with what I like.  Thank you for stopping by.  These darn things are boring as heck to read I know.    m

Feb 04, 2017 05:39 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Mark love your analysis and Maria Sapio  observation. I find that we all have the same data that we look at hence it is critical how we present and explain the numbers, that is what separates a Realtor from the pack:))

Feb 04, 2017 06:50 PM
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

You know your market so well, Mark. Buyers and sellers are wise to call you when they need real estate services in Sandpoint, ID.

Feb 04, 2017 07:15 PM
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

Nice analysis, Mark. Good information and helpful for clients in your market. 

Feb 04, 2017 08:11 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Mark it is so important for buyers and sellers to get good information there is so much bad stuff on the Internet from the Z,T's of this world, Endre

Feb 04, 2017 11:04 PM
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Good morning Mark.  Thanks for the report for the Sandpoint City Idaho real estate market.

Feb 05, 2017 05:48 AM
Mark Don McInnes, Sandpoint-Idaho
Sandpoint Realty LLC - Sandpoint, ID
North Idaho Real Estate - 208-255.6227

Good morning all.  Thank you for stopping by and taking the time to comment.  Enjoy the game today and hopefully it will be a good one no matter the outcome.  The 'ice man' cometh!  Go Pats !  

Feb 05, 2017 06:23 AM
Amanda S. Davidson
Amanda Davidson Real Estate Group Brokered By eXp Realty - Alexandria, VA
Alexandria Virginia Homes For Sale

Mark, you know your market well and buyers and sellers would be in the most competent hands working with you. Have a great Sunday. 

Feb 05, 2017 07:21 AM
Hannah Williams
HomeStarr Realty - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-820-3376

Mark Don McInnes, Sandpoint  Wonderful market report on Sandpoint City Idaho  . You are the agent to call when looking to make a move to this area

Feb 05, 2017 10:25 AM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Those who can analyze have a good head on their shoulders. Those who can explain their analysis are by far the best.

Mark Don McInnes, Sandpoint - You're the best! Prospective buyers and sellers need to know you're a no-nonsense Agent who works with truth and integrity. 

Feb 05, 2017 11:17 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Mark this is valuable information for Buyers and Sellers in the Sandpoint area.  Like your choice of colors for the charts.

Feb 05, 2017 02:58 PM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Families on the move will certainly appreciate your local real estate market reports.

Feb 06, 2017 06:07 AM
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Mark

Theanks for sharing the homes sale market repot for SandpointIdaho 83864.

Good luck and success.

Lou Ludwig

Feb 06, 2017 06:44 PM