Now to the 35-45 acre vacant landmarket for southern Vilas county.
There are currently 21 parcels in the35-45 acre category currently on the market. The median price for these parcelsis $81197.
Over the past 2 years, 24 parcels ofthis size have sold. That equates to a burn rate of 1 parcel per month.Therefore we currently have a 21 month inventory (1 yr and 9 months). As you can see vacant land isnot a particularly liquid portion of our inventory. The median saleprice/parcel for the past 2 years was $69450 and the median list price was$79950. In other words, parcels were selling for about 87% of their list price.