Nags Head Topics: lot values

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	Name:	roswellric -
	Subject:	lot values
	Date:	5/4/2006 3:11:51 PM

Prices are so volitle right now I'd be afraid to price anything low or moderate. I don't have a picture of you lot but if it's fairly gentle I'd say the $1,500/ft number is pretty darn close. You can add in for the seawall and shoreline improvements which now cost a lot more that you would think.

There are smaller lots on Shoreline DR off Youngs Ferry going for about $300K but I suspect you are in a nicer area. Ridge lots generally resale for $400-600K and they are typically steep. It's $100K for a lot back in the slough with poor water-maybe no pier and mooring up against the seawall.

Who knows for sure. The supply is inelastic and the demand is high right now.