Forum Discussion
the_bear_II
Nov 27, 2013Explorer
Here in Southern California there seems to be more lots available than there are buyers. I've watched prices at several of the resorts continue to dip. In fact the ads by private parties seem to indicate they are becoming more and more desperate to sell.
Based on what I have seen the true value of the lot should be based on what the private sellers are asking and not the resort or realtors. For example at one resort the developer is advertising lots for $120K and some of the private sellers are asking $85K and down to $40K for similar lots. The problem might be the premium lots...lots on the water, larger than average, high end developed outdoor kitchens & casitas will slant the comparable prices for the resort versus a lot with just a pad.
Based on what I have seen the true value of the lot should be based on what the private sellers are asking and not the resort or realtors. For example at one resort the developer is advertising lots for $120K and some of the private sellers are asking $85K and down to $40K for similar lots. The problem might be the premium lots...lots on the water, larger than average, high end developed outdoor kitchens & casitas will slant the comparable prices for the resort versus a lot with just a pad.
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