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Bargains for Developers, but will they bite?

By
Real Estate Agent with Criterion Properties
A good measure of the strength of the real estate market is when people become comfortable investing in it again. I don't mean investing in forclosed homes on hopes of flipping them on an upswing, but investing in new projects that bring new homes and properties onto the market. When that market stabilizes, the real estate market will have recovered. There are enticing properties out there for investors. I wrote about Saska Hills where an investor can have finished, fully serviced city lots for around $42 thousand per lot. That is pricing that wasn't heard of a few years ago and could hardly be duplicated with today's permitting and application fees. That should be compelling, right? On another blog, I wrote about a project application that was issued by Chelan County on a project I have a part of in Manson. I have one too many properties, so I have them all for sale. That one is incredibly inexpensive to build out and will provide some great, view lots at under $30k per lot. Or, even in the Wenatchee market, there are some deals that should attract investors. What if you could have view lots on Sunnyslope for under $25,000 per lot? Ask me about it! What do you think, will developers bite on any of these? Do you think those prices will sound really low, or not, in two years?