Southern Campbell County, KY has 11 municipalities that include, Highland Heights, Cold Spring, California, Alexandria, Grants Lick, Melbourne, Crestview, N. Mentor, Wilder, Ross and Silver Grove. These are rural/suburban communities that have some smaller density building lots and several parcels with acreage.
Land sales typically require a large down payment when applying for financing (if financing is available). Many sales today completed by cash buyers. More than half of the sales during the past year were lender owned or short sales.
22 Land sales were located over the past 12 months. Approximately 130 parcels are available today. The months of housing supply (absorption rate) is nearly 6 1/2 YEARS. The median sale price is currently $37,620, median list price is $48,000.
Great time to buy land if you have cash.
Eric J. Barth 859-912-2104