Thursday, May 11, 2006

Values of Vandalia Quick profit on land deal raises questions.

Story by Beth Gorczyca FAIRMONT -- West Virginia's real estate market has lagged behind the rest of the nation in recent years.

But the value of one piece of property in Marion County jumped by nearly $400,000 in the matter of just a few hours.

In May 2005, Southland Properties LLC bought 48 acres of land behind the Middletown Mall near Fairmont for $1.25 million. Later that same day, the company sold the property for $1.6 million.

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