The "Bluff Section" aka " Palisades East" aka "Riverside" has three zones;
R-1 A; 100x100 lot ; 10,000 Sq. Ft.; Duncan Road and East Euclid.
R-1: 75 X 100 lot; 7,500 Sq. Ft.; South of Euclid.
R-2: 50 X 100 lot; 5,000 Sq. Ft; North of Euclid.
Cost of Raw land or existing home for a knock down:
R-1A; $1,200,000 min. - $1,500,000 with full river view.
R-1; $800,000 min. - $1,000,000-$1,200,000 partial river view - $1,500,000 $1,800,000 for full river view.
R-2: $350,000- 450,000 depending on location.
Cost of new construction in these zones $200.00 per square foot of living area.
Prices should be similar over next year. As interest rates go up, prices will come down. As the stock market makes a down ward correction people may take profits and invest in quality homes.