Arizona Halts State Land Sales Due To Lack Of Interest

  • Published: July 3rd, 2008
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Not only are Arizonans having a hard time selling their properties, it seems the State of Arizona can’t unload their property either:

The State Land Department has halted almost all land sales "for quite some time," a state official said.

The last attempted land sale, for a small parcel in northeast Phoenix on July 9, drew no interest.

Several previous sales attracted no bidders, including large parcels in or near the desirable Desert Ridge area of northeast Phoenix.

The State Land Department controls almost all undeveloped land in north and northeast Phoenix. It hoped to begin selling land north of Pinnacle Peak by now. That land, several Desert Ridge parcels and other pieces of land are now tentatively scheduled for sale in 2009.

Department officials have blamed the decline in interest on the economic downturn and the housing crisis.

Don’t look for demand to increase any time soon.  Developers have plenty of property to keep them busy for awhile.

 

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