North Port Building Lots-What's Happening?

Many of you invested in North Port building lots during the boom years. I thought you'd like an update on sales volumes and selling prices.

In the 90 day period ending today, 49 lots were sold in North Port. There are 1,218 lots for sale on the MLS. The average selling price was $8,556. In the same period of 2005, 689 lots were sold for an average price of $58,371.

There are 58 lots listed today for $5,000 or less. In the last 90 days, 21 of these lots sold for an average price of $3,734.

There are 465 lots listed for prices between $5,000 and $10,000. In the last 90 days, 22 sold for an average price of $5,763.

There are 370 lots listed for prices between $10,000 and $20,000. In the last 90 days, 6 of these sold for an average price of $10,542. Four of the six sold lots were on freshwater canals.

There are 345 lots listed for prices over $20,000. In the last 90 days, 4 of these lots sold for an average price of $41,000. All of these sold lots were oversized or acreage lots.


If you purchased lots in 2005, you ought to see if you can get some tax advantage by selling the lots and taking the loss. Also, if you believe the world isn't coming to an end, you might buy 10 or 12 lots now for what you paid for one in 2005 and wait for the market to recover.