Market Snapshot: Peoria, Arizona: Land of Milk and Money!

Posted by admin on July 17, 2013

If you are considering buying land for investments, or even buying land to build your own home…you might consider land for sale in Peoria, Arizona as a spot to take a strong look! We know, of course, that Peoria, Arizona is adjacent to one of Arizona’s biggest recreational sites, Lake Pleasant, but it is also home to Peoria Sports Complex, and the 83rd Avenue Stretch that offers many different styles of restaraunts and bars! There is one major, defining reason, however that building in Peoria, Arizona at the moment makes a ton of sense!

County. The word is common verbiage when it comes to creating boundaries in states, however…when used in the context of real estate, “county” or “county island” takes on a whole new meaning! As an example, if one were to build a custom home, on land they purchased in Surprise, Arizona, one might be subject to various impact fees, and city building code designations. Now, it’s not to say that every county is the same, but often times, buying land in “county” as opposed to within “city” can take a lot of red-tape weight off of a landowner’s shoulders!

This is where land values, land prices, and land in general in Peoria, Arizona comes into play! There are currently 101 land listings in Peoria, Arizona. Many of these listings might seem expensive, given their size and location, but one must understand that the prices are relative to other factors, and Peoria happens to be the progenitor OF many of those factors! Ranging from 1/4 acres, up to multiple acres, one can expect to pay anywhere from about 9,000 upwards into the 200-300k range!

So what does county have to do with this? Peoria, Arizona right now currently has a multitude of listings that are listed as “county” although they are adjunct to Peoria city proper, and therefore get the same aesthetic, and relative benefits of any city landowner, but without the hassle of having to deal with additional “city regulations” (assuming that Peoria has additional regulations, as most cities’ do!)

So the moral of the story, is just because a parcel of land for sale, or a lot of land for sale is listed as being within a particular “city boundary”, does NOT necessarily mean that they are bound to the same stringent code as those around them!

You’re welcome.

To find county land for sale, or to meet an agent or broker who has listings for sale, visit today! Registration takes less than a minute, and for a limited time, we are allowing any business to advertise regionally on! Can your business benefit from being in front of the real estate industry? We bet it can.