Home Buying in Sandpoint>Question Details

Sandpoint Re…, Home Buyer in Sandpoint, ID

What is the average price per square foot that homes are actually selling for in Sandpoint?

Asked by Sandpoint Renter, Sandpoint, ID Mon Jun 11, 2012

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For March 2012 a single family home was running on average about $89. Prices for June sales went up 5.6% which almost doubled it to $198.
0 votes Thank Flag Link Sun Jun 24, 2012
How does a 5.6% increase almost double something? Doubling it would be a 100% increase. (Thanks for trying to help though)
Flag Mon Jun 25, 2012
Price per square foot is a horrible way to value a home since a home is not a commodity! That would be like buying your car by the pound or your clothes by the yard of fabric used.

It is better to make sure that you compare apples to apples. For example, there are some incredible homes in Sandpoint and you don't want the waterfront properties and great view parcels bringing the "average price per square foot" up (unless that is what you are trying to buy too).

A good Realtor can help you narrow it down for a specific home style and location instead of just a general shot in the dark answer.

If you are getting a loan, your lender will require an appraisal be done and typically the appraisal has to come in at or higher than the sales price or the lender won't lend you the money to buy it!

I used to work for a company that had an office up in Sandpoint so if you would like some direct assistance, let me know.

Best of luck!
0 votes Thank Flag Link Mon Jun 11, 2012
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