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 email@example.com. I am a Century 21 agent in Victorville.