Has the price of RV lots ever come down yet?

Here in the Yuma Foothills private lots not in Parks sell for $40K up. Most in the $60 to $70K range. The lot size are approx 65 by 110, taxes in the range of $400 a year and up

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.

Ivylog wrote:
How long ago was "A few years ago"? At VIR in WPB average lots prices were $110K in 2005-6 and could be bought for $70K in 2011.

A "few years" was 2009-10. It was your nice picture of VIR on another post that got me thinking again about lots and how they were selling.

Prices probably hit their minimums in about 2009, were flat for a couple years, then are now climbing, usually slower then in 2004-2007

Depends on the place. Some are deeded, some are a coop type setup. Ours is a deeded lot in outdoor resorts Palm Springs. Prices here are at 2005 levels but going up slowly. Inventories are lower than in the last few years. I would imagine this would vary widely from region to region.

silversand wrote:
....buying "an RV lot"

Aren't "lots" in RV communities sold as shares in the entire enterprise (ie. you don't actually own the real estate title under your camper, just a share in the development/enterprise)....something like that ??

I have seen:
shares
99 year leases
and deeded lots

We have a deeded lot and then a share of the common areas.

....buying "an RV lot"

Aren't "lots" in RV communities sold as shares in the entire enterprise (ie. you don't actually own the real estate title under your camper, just a share in the development/enterprise)....something like that ??

In our park prices have been stable to maybe a tiny drop. Sales this year have been brisk and there is only 1 prime lot available. There are several less desirable lots that border the main road and sales on that street are slow.

Real Estate prices in Texas as a whole did not drop much like many areas of the country. My brother bought a $250,000. condo in AZ last year for $120,000. He claims it has already regained 15 - 20% 0f its value since he purchased it.

Prices in Florida nose dived in 2009-2010. They are now all back up to pre- crash times.

How long ago was "A few years ago"? At VIR in WPB average lots prices were $110K in 2005-6 and could be bought for $70K in 2011. Today you'll have to pay $80K as prices have started to go back up. Yes, there are lots for less than that, but there are also those for a lot more. I do not keep up with prices elsewhere.