Well kinda, We sold our place in Ohio and are attempting to buy a lot to build in an area near (about 30 minutes out)the resort town of Pigeon Forge Tennessee. It would appear that the buyers market is over here. They are asking eighty to ninety thousand dollars for a half acre lot. The sellers say take it or leave it, if you dont someone else will.
I would expect to pay a little more being close to a resort town but the tax office says the lots are valued at fourty thousand dollars. I know the tax record is not a retail value but are they that far off?
I asked real estate agents about the value and they say none have sold for quite a while so they can not say what the vales are for sure. One did tell me a person bought a lot about five years ago for a hundred thousand and sold it for twenty thousand dollars last month. Puzzled!