Before I can answer your question, I need to have additional info. Are the New Home Developments almost complete? Who is/are the builder/s? What price range are the new homes selling in? And is your home similar in design or completely different? Even though the land is possible more valuable than the house, it may not be advantageous for a builder to purchase your land for additional development. It will depend upon the size of the land and other factors. You may also visit my website to see homes that are listed for sale in your area to get an idea of what to expect, value-wise, for your home. For a more detailed analysis, or to discuss the pros and cons, feel free to contact me. I am also prepared to send you a Market Analysis via email if you like. Just way the word!