rant about prices of land

[BlackBart]

10 acres for $125,000? I wish

 

[speckledhen]

Quote:
Well, if someone would buy my place, guess I need to look over your way then. I was already thinking about that recently, never had considered it before. Land here is considerably higher than your area, even now, though there are probably some bargains to be had. Mine with 5.37 acres was probably worth $250K at the highest point of the market, but now, I would be lucky to get $180K. I recall that Alabama was always cheaper than Georgia. Have cousins who live in Centre, AL.

 

[rebelcowboysnb]

Must be a lot of development around you. We are not really still open farms but there is almost no development.

 

[georgialee]

I think if you look long enough (and hard enough) you'll be able to find something. We stumbled on 11 acres for $55k & there is nothing wrong with the land at all. We bought it and are now building our house. I wish you the best of luck

 

[georgialee]

24 acres $69,900 http://www.georgiamls.com/agentsite/search/propertyDetail.cfm?SiteID=BUFFINGTONJA&LN=3019006#

9.5 acres $90,000 http://www.georgiamls.com/agentsite/search/propertyDetail.cfm?SiteID=BUFFINGTONJA&LN=2792599

12.5 acres $115,000 http://www.georgiamls.com/agentsite/search/propertyDetail.cfm?SiteID=BUFFINGTONJA&LN=2980459

10 acres $102,000 http://www.georgiamls.com/agentsite/search/propertyDetail.cfm?SiteID=BUFFINGTONJA&LN=2816502 -- that ones really pretty... not sure how the location compares to where you are though - I'm not familiar with the area

6.5 acres $66.000 http://www.georgiamls.com/agentsite/search/propertyDetail.cfm?SiteID=BUFFINGTONJA&LN=2988454 -- all pasture! That's hard to come by, lol

 

[Hoss1975]

Around here good land goes for $5000-$7000 an acre.I was real lucky to find my land,paid $124,000 for 100+ acres,had a half finished log cabin,16 acres of pasture and 25 acres of tillable ground.I bought it from a good friend,why was it so cheap?Well,someone was murdered here.

 

[speckledhen]

Quote:
We're a big second home area, mostly folks who live here half the year. It's very rural, but there are million dollar log homes, too, one in my neighborhood.

When just buying land, you need to think about getting electricity and water on it, so raw land can be cheap and still not worth the price to someone like me who isn't of an age or inclination to hack a space out of the wilderness.

 

[key west chick]

Actually, like Cyn says, thats pretty reasonable for around here. We are trying to stay in or close to DS's school district which we love. We are also in the more affluent end of the county so it is slightly more around here than our eastern edge of the county. We are definitely still looking, this was just the first of many we want to look at. I was just shocked at how much people think they're land is worth.

 

[australorpchick]

Shoot, we've got our 5 acres on the market for $39,500 for a year now and haven't had a nibble. It already has the water & electricity, just need the meters. I hope we can unload it soon, it would be nice to have one less payment.

 

[speckledhen]

Quote:
Right now, raw land is much harder to sell. There is an MLS inventory for several years' worth still. Easier to sell a house on land than just land at the moment.