Prescott, AZ Land Developer Enjoys Record First Quarter Sales

Prescott, AZ Land Developer Enjoys Record First Quarter Sales

Prescott, AZ (PRWEB) June 9, 2009

Despite slow housing sales nationwide, LV Ranch Estates sold a record number of Prescott Arizona properties in the first quarter of 2009. Aggressive price cuts coupled with highly desirable infrastructure produced 11 sales, nearly 10% of the total ranch estates in the rural community. The record activity occurs at a time when sales of similarly priced land in the same market have come to a virtual standstill.

LV Ranch Estates, located outside of Prescott, Arizona, is an unconventional development that combines an unspoiled authentic ranch environment with the conveniences of contemporary suburban living. Modern amenities like fiber-optic phone and Internet service, underground electric, and paved roads with gated entries — coupled with common sense development guidelines — allow residents to retain the conveniences of home while living in a stunning natural setting. Whether buyers desire a true ranch – complete with barns and pastures – a private vineyard, or a secluded getaway with room to roam, the Northern Arizona Properties at LV Ranch Estates are big enough to accommodate the most ambitious of dreams.

The developer of LV Ranch Estates, Peter Gooding of True West Land & Ranches, LLC, saw the potential for the area from the outset. Having developed four similar rural communities in Arizona, Gooding was determined to make the most of the area’s natural beauty while solving some of the typical issues involved with ranch living. Phone and Internet access, often challenging in rural locations, are provided via fiber-optic landline service with speeds equivalent to those in cities and suburbs. Because the area is blessed with abundant groundwater, the developer drilled a new well for each ranch estate. These wells deliver more water than a single family could possibly use, including such intense uses as irrigating an orchard or filling a pond. Miles of electric lines, installed underground to preserve views, deliver power from the state’s largest utility provider, Arizona Public Service Company. And, residents are encouraged to explore off-the-grid alternatives such as solar that take advantage of the area’s 300-plus days of annual sunshine.

Four mild seasons, abundant water, and large acre parcels make LV Ranch Estates the ideal location for a sustainable ranch living. The ranch estates range from 36 and 51 acres, allowing ample room for robust gardens, barns and corrals, and grazing pastures. The development’s common-sense building standards also leave plenty of leeway for eco-friendly or traditional dwellings of reasonable shapes and sizes.

Prospective buyers found it hard to resist the combination of modern amenities and natural beauty in the first quarter of 2009. “We’re thrilled with the response,” said Gooding. “We think LV Ranch Estates offers tremendous long-term value, especially at current prices, and our buyer’s clearly agreed.”

Of the 35 ranch estates in the current phase, 28 were available at beginning of 2009. Buyers snapped up 11 of those remaining estates between January and March. Contrary to the doom and gloom of today’s headlines, it appears buyers are simply waiting for the right opportunity to present itself. Gooding says, “The typical LV Ranch Estates buyer is looking for genuine, long-term value. They’re smart and well informed; they see our uncertain economy and unstable financial markets, and most see inflation in our future. They want a stable investment that also offers a rewarding lifestyle. At LV Ranch Estates they recognize we offer the area’s best land value, unusually high development standards, and proximity to a great small town in Prescott. That’s a value proposition they’re excited about.”     

L V Ranch Estates is a Prescott, Arizona real estate development of True West Land & Ranches, L.L.C., a True West Company. To learn more about LV Ranch Estates, visit http://www.lvranchestates.com.

True West is a Scottsdale, Arizona-based enterprise respected for high-quality, rural residential projects throughout Arizona. For more information about True West Companies, please visit http://www.truewest.com.

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