http://www.trulia.com/voices/Home_Buying/Total_final_land_value_versus_selling_price-79040I am looking at a piece of land with the only improvement being a well. The Missoula County Property Info System has the total final land value/2003 full reappraisal value of $62,416.00. The sellers are asking much more than that - $90K. What would a realistic and fair price be?en-ushttp://www.trulia.com/voices/profile/Real_Estate_Pro-Missoula_MT-637030/http://www.trulia.com/voices/profile/Real_Estate_Pro-Missoula_MT-637030/Property values in the Missoula area have increased dramatically since 2003 (single family homes have increased by over 30%, bare land by even more) 2008 bare land Stats: The median sold price for ..... ...less than 1 acre in the Missoula area was $79,900 ...1-5 acres in the Missoula area was $145,803 The fact is that you can't use values from 2003 to determine current market value - The only way to determine a "realistic and fair price" is to analyze comparable bare land sold within the past 3-6 monthsSun, 25 Jan 2009 03:21:38 -0800