{"id":10138,"date":"2020-11-30T16:29:32","date_gmt":"2020-11-30T23:29:32","guid":{"rendered":"https:\/\/www.arizonafoothillsmagazine.com\/in-house\/?p=10138"},"modified":"2020-11-30T16:43:36","modified_gmt":"2020-11-30T23:43:36","slug":"the-highest-priced-land-sales-in-arizona","status":"publish","type":"post","link":"https:\/\/www.arizonafoothillsmagazine.com\/in-house\/properties\/the-highest-priced-land-sales-in-arizona","title":{"rendered":"The Highest Priced Land Sales in Arizona"},"content":{"rendered":"\n
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By Matt Lee<\/em><\/p>\n\n\n\n

Land sales in Arizona are tricky business. Only 18.1% of the state\u2019s land<\/a>\u00a0belongs to private owners. The federal government owns 42.1%. State trust land comprises 12.7% of the land, and the remaineing 27.1% belongs to Native tribes.<\/p>\n\n\n\n

As a result, private owners tend to hold on to their land when they have it. The federal government and Native tribes don\u2019t sell their land, so the majority of land sales in Arizona are auctions done by the Arizona State Land Department.<\/p>\n\n\n\n

These sales are\u2019t cheap, so you have to be ready to spend to purchase land in Arizona. Any private land sales are also pretty costly. The selling price of land usually ranges between $4000 to $20000 per acre on real estate listings.<\/p>\n\n\n\n

However, some factors can cause the prices to be higher (or lower). Let\u2019s take a look at some of the factors that contribute to land sales in Arizona and look at some of the highest priced land sales the state has seen.<\/p>\n\n\n\n

Factors that Contribute to High Prices<\/span><\/h2>\n\n\n\n
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Arizona is a pretty remarkable state, because so much of it is rural, untouched land. While that might seem exciting to prospective land buyers, untouched land means that the plot requires a lot more work to be livable and functional.<\/p>\n\n\n\n

As a result, there are three factors that can significantly increase the price of the property:  <\/p>\n\n\n\n