Archive for November, 2006

People often ask me if buying land is a good investment. And in terms of Black Mountain, I would have to say yes.

According to Multiple Listing Service (MLS), there are a lot of people who agree with me on that. Through October 31, sales volume in 2006 for lots and unimproved property is $11.2 million, compared to $7.7 for the same period in 2005, representing an increase of 45%. The median price per acre in 2006 was $28,497, an increase of 5% over the $27, 100 price recorded for the same period in 2005. (more…)