re: Been following a vacant lot near me and I'm a little skeptical about the price drops

We have a lot in our neighborhood that is one of the last at that same price level and has been unsold for probably 15 years. It’s a pretty severe slope and original developer dug a footprint for a basement house but never moved forward. Our best guess is that it could be unbuildable due to the prior excavation and left to right slope…or at a minimum it would be a weird house.