The number still is not based strictly on raw data, and therefore is not true.Here's a synopsis of a recent transaction I had: One of my long-term tenants decided that they wanted to buy the home they were renting from me.

While I'm fixing it up, I get a letter in the mail stating that the raw land behind my house may possibly become a new housing development in the near future.

I do know first hand that all the built out lots from the crash have been built out vertically and builders are now back to some raw land development.

our state is a little different, too, and the local assessor is actually not privy to sales data, non disclosure state, and for some reason has no access to multiple listing, so they rely on surveys and some programs, so they tend to be under the market a bit...they also work off a January date,,so they don't reflect changes in the year like an appraisal, which may be part of the gap...and some areas may just not have many sales, be it commercial, raw land in an area, etc... 

I could understand if it was a new development or raw land....none of the closings i've been to have required a survey by either the title or lender.  

Maybe alot of newer investors are getting kids out of law school because they work cheap, maybe some use the Board of Realtors attorney (very conservative minds) but I suggest you get the meanest, smartest, winningest attorney in your area, maybe with political capital, someone who chews on raw meat for breakfast and loves to win....and pay them, they are worth the difference.

I do know that he is not currently an investor, but he is interested in purchasing raw land and building new houses to rent out on new lots.

We tried both RAW property management and Paradigm Property management. 

As an example, this is a chart of SFR sales volume by month over the past 5 years in Austin:Here's the raw data for the above chart:Here is the monthly median SFR sales price over the past 5 years:Here's the raw data:

Hi everyone, I currently live in North Carolina where I run a small residential design studio but my wife and I own an acre of raw, undeveloped land in the mountains of northern California (we are originally from the West Coast).