Screw the house, lets flip land.

This 0.69 acre parcel on HUBBARD PL in Escondido was purchased on 10/24/2004 for $111,869 . The parcel was listed on the market on 9/12/2006 (29 days ago) for $249,000.

Here is what the realtors had to say:

"Steep lot yet grading plans where drawn for a house pad verses grading for a split level home. Grading plans are available for viewing with the owner/agent. "

So no real improvements have been made on this lot yet it has doubled in value. Plus, the bulk of the costs are yet to come.

Is the cost due to a housing shortage? Land shortage? I can't explain it.