It just may be the BEST time to list your vacant land, farm or ranch in the Coachella Valley. Thermal, Coachella, Indio, Vista Santa Rosa..the entire East Valley is SELLING! Now, don’t get too excited..the price/acre is nowhere near where it was during the “boom”, but we haven’t seen much land move at all for the past 3 years. But things are starting to pop in our Eastern Palm Springs Valley.
The past 6 months have seen as many parcels SOLD! From small parcels, with and without wells, commercially zoned land way out next to the Kohl Ranch Project, and medium sized farms..there are buyers hovering around. Equestrian zoning is often requested, wells are fantastic, some improvements such as fencing, irrigation and perhaps barns are really increase the price/acre.
Vista Santa Rosa and Thermal land price/acre is settling at approx. $22-30,000/acre. I know that’s still a little depressing for you land owners if you were still remembering the $150-$250,000/acre that land was bringing when the developers were building and building out here! But..at least we know what it’s worth, right? Kind of similar to the low end housing market that had to keep dropping until it hit that “sweet spot” that Buyers were waiting for. Then the decrease stopped..and in fact it’s increased! I suspect our Land is doing just that now
Thinking of listing your land, ranch or equestrian property? Don’t wait too long..season is here!