Definitely not less than $130 per foot...don't forget to add in the price of dirt if you are comparing apples to apples...

Foreclosures might be the way to go: http://prescottreos.com

Good luck!

:) PS

Definitely buy resale.....thought of looking in Sedona? For the first time in years Sedona's prices have reached "very affordable" with many, many opportunities and when the market comes back you should see a stronger profit. We have a great "fixer upper". Visit our website listed below and look at our listings - the one I am talking about is the Yavapino Estates home on 1 1/2 acres with a pool and views....just needs updating. Great opportunity for the right person...

Jack,
Good question. I have builders that are buying resale homes right now. If it is wiser for contractors to buy resale homes, than it is probably wiser for you.
If you are looking here is a login free website that you can use http://www.theprescottmls.com

Sorry builders, a definitive yes, it is cheaper to buy a pre-existing home than to build. That is why you don't see many speculation homes on the market.

Good luck and give email me if you would like some more information
Brad

Hello Jack, Building cost depends so much on the price of the lot, utilities available to the lot, what it takes to get it permitted and the amenities or upgrades to the home. You can spend as little as $130 per square foot to $200+. In todays market, it is a great time to buy lots to build as well as resale homes. If you can find just what you want in a resale, there are some smokin deals and will save you the torment that building can be. If you choose to build, be sure you use a reputable builder.

Jack,
Average cost to build depends on your upgrades. I have found that it seems to come out somewhere between $150 - 200/square foot. Depending on the lot and what it takes to get the structure out of the ground and the utilities available. If you would like further information or the contact information for a few reputable builders please let me know.
Thanks,
Michael