luxury development: An Abundance of Land - 04/10/08 02:04 PM
A recent development from the real estate swoon in North Atlanta has been an increase in the availability of quality land available for purchase - whether it be through the combination of multiple lots in an "in-progress" developments, or privately owned land that is now available for sale.  Because land in many areas of North Georgia is "generationally owned" meaning the cost basis for the owner is extremely low, there is generally less urgency for the owner to immediately sell, thus the pricing has stayed within a reasonably narrow range. 
That said, in the last several years, the quality land that has come … (5 comments)

 

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