Selling Building Lots via Auction


Selling Building Lots via Auction
By Scott Rogers • July 18, 2008
Stone Spring Manor is a newly developed subdivision in the City of Harrisonburg featuring 19 building lots. Prior to July 2008, seven of these building lots had sold, several of them having homes built on them. The lot sales included sales prices between $58,000 and $79,800. The home sales included sales prices between $262,000 and $292,000. Yesterday (7/16/08), the remaining 12 building lots were to be sold at auction. The auction generated a quite a bit of interest, with close to 30 or 35 people present. Much of the draw was likely a curiosity of the price at which these lots would sell. So, how did it go down? The plat above and the chart below show the order in which the six lots sold at auction, and their prices. Lot Sale #1 Lot 14 $46,000 Lot Sale #2 Lot 15 $38,000 Lot Sale #3 Lot 16 $39,000 Lot Sale #4 Lot 3 $34,000 Lot Sale #5 Lot 11 $33,000 Lot Sale #6 Lot 9 $38,000 The remaining lots are for sale with asking prices between $46,500 and $64,400. Receive Updates by Email Recent Articles: There Are Plenty Of Types Of Houses That Exist That Just Are Not Available To Purchase Home Sales By Price Range In The City Of Harrisonburg Are You Compromising On Aspects Of Your Next Home That You Can Or Cannot Change Later? How Much Slower Are The Winter Months In Our Local Housing Market? Rockingham County and New Home Sales Drive Surge in Area Housing Market Find The Balance Between Optimistic And Realistic Home Pricing Room Size Is Difficult To Understand Solely From Real Estate Photos How Much Would You Value Not Having To Prepare Your Home For Showings? One Out Of Four Homes Is Taking Longer Than A Month To Sell Consider The Cost Of Your Planned Renovations When Planning Your Offer
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Nov 21, 2024 (unless otherwise noted).
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