fisherfisherBeach Fanatic822 postsJoined View profileMessageBeach Fanatic
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Just saw on the MLS that there are 3 lots in Cypress Cove priced under $290k. At the highwater mark, lots in this area were selling in the mid to high $600k range. In early 2004 almost 3 years ago, these lots were selling in the high $200k range where they are back to now.
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Miss KittyMiss KittyMeow47,011 postsJoined View profileMessageMeow
Miss KittyMeow47,011 postsJoined View profileMessageMeowJust saw on the MLS that there are 3 lots in Cypress Cove priced under $290k. At the highwater mark, lots in this area were selling in the mid to high $600k range. In early 2004 almost 3 years ago, these lots were selling in the high $200k range where they are back to now.
Sounds like a good correction to me. :idontno:
Sounds like a good correction to me. :idontno:
Things probably haven't "corrected" enough. Houses near these lots are selling from $640k to $800k. That puts the value of the underlying land in the range of $150k to $250k. Looks like the price of these raw lots and others near them still has a way to go to fully correct.
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