Lake Weatherford Topics: lot values

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	Name:	FLee -
	Subject:	lot values
	Date:	5/4/2006 3:33:27 PM

We have been keeping very close tabs on the pricing for lots over the past 5 years. We're considering selling a couple that we currently own and find that $1500/ft is very low compared to the few lots available on the market. We've seen lots (outside of established sub-divisions) with 50ft of water frontage in the back of sloughs offered at $200K.

We discussed pricing the lots "high" back in January to test the market and find that we would be leaving a lot of money on the table today at that price. We heard about one lot selling in January for $270K (had been on the market a couple of months at $290K). Last week it hit the listings at $375K and was pending the same day.

It depends a lot on location, water (ft frontage, view, deep water, etc.) and "buildability", but it's amazing how much all lots have increased over the past 4 months.

No expert here, just my opinion.