The Columbus MLS shows 6 listings transferred in 2007. These listings ranged from $115,000 for a .54 acre waterfront parcel with improvements to transfers listed at $6,000 for approxiamately a 1/2 acre parcel.
Median listing was $12, 000 for .54 acre waterview parcel. Days on Market ranged from 1,223 to 212. Of the lots transferred, 3 parcels or 50% were waterfront parcels or contained a year round water view. The remaining lots sales involved Buyers purchasing at least 2 or more adjoining lot parcels. 33% of all land sales in Hide-A-Way Hills involved myself, Belinda F. Augustus, Real Living HER.
2007 Lot Sales Raw Numbers
Originally POSTED on 1-11-2007 :
The Columbus MLS shows 9 listings transferring in 2006. These listings ranged from $5,000 for a .95 acre parcel to $35,000 for a 4 acre parcel. Median listing was $16,000 for 1.04 acres.
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Lots are very good investments because at an age when you do not have the resources to pay for a house and you need to save up, the cost of land compared to a house makes it more feasible to purchase before you make the big purchase to build a house on it.
Hey Nicholas! Thanks for stopping by!
Yes, normally sitting on lots while waiting to build could be very advantageous. But because of the assessment rates on the lots in Hide-A-Way Hillls, buyers would want to plan on using the community amenities or possibly have a plan in mind to build soon after purchase. Assessment rates run $140 a month plus $150 road fee per year. I would venture Buyers would want somewhat of a plan in mind to justify the fees.
thanks for commenting.