Steve, Both Buyer and Seller in SoCal

are vacant lots in victorville selling?

Asked by Steve, SoCal Sat Oct 13, 2007

are vacant lot prices going to get cheaper? How hard is it to sell a vacant lot right now?

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Answers

4
Hi Steve, It must not be impossible to sell vacant land, because there have been numerous sales in the last 6 months. As far as selling the land, it depends on what the area zoning is, whether commercial or residential, and other development issues. What do you think the intended use would be, and how much acreage are you speaking about? If it's residential, just remember new housing permits are down now in many parts of the state. For more info on the sold properties (including the ones currently in escrow) contact me for a copy of the listings. That way you can get a comparison idea.
1 vote Thank Flag Link Sat Oct 13, 2007
Yes, vacant lots are selling. Buyers are out. Marketability of the property is based on location, zoning, and price. Be sure to contact an expert in land sales. Give me a call, I have one on my team that would love to help.

Bo Goulet, cdpe
Certified Distressed Property Expert
DRE #01854568
Shear Realty-SVL Annex
13295 Spring Valley Pkwy., Unit C
Victorville, CA 92395
Mobile: (760) 713-6137
0 votes Thank Flag Link Fri May 25, 2012
In the last 6 months, our MLS is showing 111 sales of vacant land. Vacant land prices have decreased and so has activity in some areas. Many people who once thought buying land is a great investment are starting to see that the REOs are so cheap right now it makes more sense to buy an REO than a residential piece of land. Even if you could build a custom home for $150,000 and get a parcel for another $50,000 thats $200,000 and I can guarantee the home will be a lot smaller than an REO you could buy for under $200,000. What type of land are you looking for?

If you are trying to sell residential vacant land expect to be on the more more than 6 months, however, if your parcel is zoned commercial or something more desirable your chances of selling are much better.

Is it hard to sell vacant land right now? it depends on who you ask. I sold a 5 acre parcel zoned ADD (Airport Development District) for a client of mine at $140,000 and just weeks later his neighbor sold their 2.5 parcel (same zoning) about $100,000. Those people were really strapped for cash, my client wasnt in the same situation and wanted to wait until he got a good offer (we had a total of 3 offers on his land).

If I can be of any assistance simply email me at c21morales@gmail.com. I am a Century 21 agent in Victorville.
0 votes Thank Flag Link Sun Aug 17, 2008
I've sold 410 Unimproved Lots, 148 Finished Lots, 163 Finished Lots, and 29 Finished lots. All residential, all in the last 6 months. They are certainly cheaper than two years ago, and you can sell them if you know the right buyers.

Winn Galloway
Park Place Partners
wgalloway@parkplacepartners.com
0 votes Thank Flag Link Thu Aug 14, 2008
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