jabrwoki: I definitely get the sense that there are some developers that got overextended in the wine country. I am starting to see fairly decent size acreages (5, 10, 20+) opening up, and at affordable prices (around $20k per acre). All of them have been zoned and perc’d for multiple residences, and are now coming back onto the market as “developable land”.
These are right alongside the WTF asking prices of some of the larger, and newer, properties there. I saw a nice 3,000sf property on 5.5ac for the low, low price of $1.7MM. Nice area, but not that nice.
