Buyers are showing up again looking for vacant lots here in Del Norte County, California. And the ones who call, want to start construction right away.
Many investors purchased their oceanfront or oceanview lots before the downturn of the market. At that time, it was hard to find a home, much like some other markets around the country, so they purchased these lots, hoping to build their dream homes for their retirement.
Although we still have homes for sale and at excellent prices, most of them are older and come with problems. They also have outdated kitchens, bathrooms, etc.
Today's vacant lot buyers want to build their dream homes to their specifications, and want to take advantage of low interest rates.
Although I feel sorry for the sellers who purchased their property at the height of the market back in 2003-2007, it is good news for them that now they can at least sell them, albeit at a loss. Yes, unfortunately during the downturn, prices kept going down, yet no buyers willing to buy even at the low rates.
Take, for example, my listing:
190 Ocean Heights Road, Smith River, California
For photos, click on http://www.smithriverland.com
Panoramic Ocean Views
2 acre lot in Ocean Heights Subdivision.
Beautiful Ocean views from Oregon to the north and Mouth-of-Smith-River to the south. This 2 acre lot is in gated community. Smith River Community water available. A short drive to Brookings, Oregon for shopping, entertainment and restaurants. Miles of beach just down the hill. Redwood forest for hiking, fishing and other recreational activities close by on the Smith River. Just south is Crescent City, the seat of the government for Del Norte County. Come build your dream home on this fabulous lot. .
Call for more information about this beautiful oceanview vacant land in the desirable Smith River Area.