Probably not the time to sell. I looked on Virtual Earth; I see a couple possible lots there, but all look kind of narrow, but deep. Does the lot run street-to-street? Can it be subdivided? The lots in that area are all zoned single family but don't show a minimum lot size (I did not check deeply). As far as selling, with the market being depressed, builders would not be interested unless you could split it in two, or unless the price was so low they could buy and hold. No one seems to be looking for a dream home lot, either, because financing is so tight. If you need to sell, then you need to sell, otherwise, list it at a reasonable price and wait it out, or just wait for 2-3 years, and try again.