Over the past 3 years it has been apparent that large acreage is not selling..... anywhere! From 2000 to 2007 raw land prices went through the roof. Buyers and Sellers alike contributed to this. Buyers were willing to pay anything to get their hands on a tract of land and sellers kept raising prices for raw land with really no basis to go on; besides the fact people would buy it no matter what. Now however, a harsh truth has hit the sellers of large acreage tracts especially in the Mountains of North Carolina. Land prices have bottomed! Bad for the Sellers but good for the buyers! Now buyers can afford to own 5, 10, 20, even 100 acreage tracts. Perfect for gardening, hunting, fishing, recreation; or for those people wanting seclusion; or land to pass down to their grandkids. It is a fact! Land is a commodity.... Definitely not making anymore...at least not anytime soon. So with prices low and supplies on the upper end, now is the best time to buy large acreage tracts of land for now and the future. No matter if your in the market for 5 Riverfront Acres going for $65,000 or 122 pasture/wooded acres bordering USFS listed at $500,000 you will never see a better time than now to buy!
Comments(0)