I just had someone contact me the other day regarding a 7 acre lot they were interested in selling. As we all know the housing market is slow but the land market is REAL SLOW. To give this person and idea about the land market in Frederick County I sent her some stats which are as follows.
Currently there are 115 active land listings in Frederick County in the 5-15 acre range.
There are 6 currently under contract. Four of which are either commercial or development potential.
And now for the biggy. ONLY 4 lots have sold in the last six months in this 5-15 acre range with the prices ranging from $99,900-$292,500.
Since many buyers have slowed in home buying even fewer buyers are looking for land.
The next few years may be the best opportunity to find fantastic deals on land as sellers cut prices down on these lots.
Comments(1)