Take this property for sale near Batesville on Craigs Store Road for example (MLS 464941). It's selling for $169,000, even though the owner bought it for $105,000 on 11/27/2007. To put this in perspective, the DOW was about 13300 then, and now the DOW is at 8300...
Add to that the fact of limited access to the property due to a stream crossing the front of the property and the mandated buffer requirements, and critical slope requirements that would render the vast majority undevelopable.
So, where did that extra $69,000 dollars come from? If the stock market is at 2002 levels then why aren't we seeing 2002 prices?