This just happened to a neighbour, sold before auction at $500K less than the adjacent block which is a harder site to build on. $2.4M vs $1.89M
The real kicker is, we couldn’t line up our ducks fast enough to be in the game.
Spent half of last night killing myself with hindsight, a $300K distressed sale in late 2017 now worth $600K+, two others up ~40% in eighteen months.