Lake Martin Topics: We have been

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	Name:	FLee -
	Subject:	We have been
	Date:	1/26/2006 5:36:18 PM

keeping close tabs on both property and housing over the past 5 years. Have bought several lots and tracked others that have been sold and re-sold over that time as well. We found that 01 - 03 values for lots increased 8 - 12% each year. 04 - 05 have been closer to the 25 - 30% range each year.

We have tracked a couple of lots that were not selling at list price in year 1 and they raised the price 15 - 20% in year 2 and they sold. Go figure - supply vs. demand really works.