Submitted by thebaerfetus t3_10dowfz in vermont
Vermontbuilder t1_j4pt0n2 wrote
This whole land shortage problem is quite new in Southern Vermont. Pre pandemic, buildable lots languished on the market, sometimes for years. I purchased 25 beautiful view acres for $50K that had been listed for 3 years with no offers. Things changed quickly with Covid, it was as if a switch had been thrown. The same was true with affordable houses, zero demand to bidding wars almost overnight. I doubt the market will correct anytime soon. Contractors used to need work and were easier to find too. Hindsight is always 20/20.
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