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Lot Sales 1st Quarter 2008

Even though it looks like contractors are still buying, developing and building homes the statistics show something different.

Snohomish County lot sales have dramatically fallen in the 1st Quarter 2008 by over 80% from 4th Quarter 2007 and more than 94% from 1st Quarter 2007. 1st Quarter 2008 produced 47 total lot sales where as in 1st Quarter 07 there were 889. This massive decrease reflects contractor's skepticism to buy, develop and build in such an unstable real estate market.

See the full stats
Posted Monday Apr 07
( 04/08/08 12:58PM ) — Karen Luke - Henry County Real Estate

Sales on lots have fallen dramtically here, too.

( 04/08/08 06:23PM ) — Toby Barnett

I was talking with my appraisal friends today about this very topic...but it is good for the resale market..hopefullly :)

( 04/17/08 03:13PM ) — Patrick Lamb

Hey Toby, thx for the invite I really appreciate it! Lot sales have decreased that much in one year? Amazing...take care.

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