Voice Writing

According to LINK, land prices have increased even faster than home sales since 2001. The median price of land sold on Martha’s Vineyard in 2004 was $367,900. That is up 86.3% in three years. It continued to rise in 2005 and was $406,000 for the first four months of this year. Consider this: median land prices so far in 2005 are higher than median home prices in 2002. It now requires an income over $90,000 to purchase the median price building lot — without the home!