Sagle (Bonner County) Idaho
It pretty easy to figure out why people choose the small community of Sagle to call home. Beautiful blue sky, open spaces, proximity to Lake Pend Oreille, Sandpoint, Coeur d'Alene and Spokane, a strong community of residents and a spirit of volunteerism! At least those are a few of the reasons that we call Sagle home.
The unincorporated community of Sagle lies south of the Pend Oreille River and Lake Pend Oreille. Nestled in tree covered rolling hills, the community is roughly divided by Interstate 95 with major east west streets including Dufort Road and Sagle Road. Although there has been talk of incorporation on and off over the course of the past 10 years, there presently is no significant movement to do so. The community is serviced by the Bonner County Sheriff's Department, Bonner County EMS, and the Sagle Fire Department. Sagle continues to be a rural community with many residents working to the north in Sandpoint or further south in Kootenai County.
During 2008 there were 74 homes sold in Sagle with a median price of $285,000. The average marketing period was 123 days. Total residential volume was just over $25 million and the average discount off the original list price was 11%. The median home price is higher than the county wide average, most likely due to the inclusion of waterfront homes along the southern edge of Lake Pend Oreille.
Much of the community is zoned for a minimum of 5 acre parcels with large portions requiring 10, 20 or even 40 acre minimum lot sizes. These rural zoning designations have retained the rural feel of the community with the only true residential subdivision developments being near Highway 95, just south of the Long Bridge.
There were 41 land sales in the community during 2008, total volume of just over $12 million, average days on market at 113 with an average discount off the list price at 12%. I expect the list to sale discount will increase in 2009 both due to economic conditions and a change in the method of reporting the figure made by the local MLS.
In general, we expect 2009 will report fairly comparable numbers. Land inventory will continue to be absorbed, homes sales will continue as buyers search for bargains and sellers get more realistic, and overall we will see a return to a more typical sales volume.
Questions on the Sagle Community ... contact the OnPoint Team at Century 21 RiverStone (208) 263-0311.
Statistical data supplied by Selkirk Association of Realtors, Multiple Listing Service.
