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**Pete** · 09-26-2014, 09:39

I notice they don't post a picture of the 1,800 sf cottage. Might be a reason for that.

You can get over $30K for a regular building lot in Cumberland County. $29K for a 3 acre deep water lot? Might be a reason for that also. Orphan Lot?

The coastal vacation areas of NC took a big hit in the market crash a few years back. Still not recovered yet. So yeah, some of those similar lots were going for $180k before the crash - and many bought some of them.

The question for any buyer is "Has the market hit bottom, is it stable or is it fixin' to take off?"

09-26-2014, 09:39	#2
Pete Quiet Professional Join Date: Feb 2005 Location: Fayetteville Posts: 13,080	I notice I notice they don't post a picture of the 1,800 sf cottage. Might be a reason for that. You can get over $30K for a regular building lot in Cumberland County. $29K for a 3 acre deep water lot? Might be a reason for that also. Orphan Lot? The coastal vacation areas of NC took a big hit in the market crash a few years back. Still not recovered yet. So yeah, some of those similar lots were going for $180k before the crash - and many bought some of them. The question for any buyer is "Has the market hit bottom, is it stable or is it fixin' to take off?"
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