Land Sale Demonstrates Incredible Value of Scottsdale Real Estate

A land sale recently occurred in which a 123 acre tract of Arizona desert located between Scottsdale and Paradise Valley sold for $100 million. That's $813 thousand per acre for undeveloped desert. The property will be turned into a Ritz-Carlton community with a hotel, luxury homes and villas. It is reported that Earl Holding originally purchased the land in the 1970's for just over $5 million. He then sold the land in 2005 for $86 million.

Now we certainly don't mean to imply that you can use this as a gauge for the value or expected appreciation in value of your home. But it's an example, in general, of the value afforded to real estate in this part of Maricopa County. Real estate here is a good investment.

Lucky for you there are land and homes on the market. And people familiar with the area who can advise you on your investment. We strongly advise investors in real estate to seek the services of qualified brokers who specialize in a particular area.

Choice Group Realty can help you find your perfect Scottsdale home. We know Scottsdale real estate. We'd be happy to talk to you.