Northwest Arkansas Land Values Are Increasing

That headline is no surprise I guess. The need for developable land in Northwest Arkansas is, and has been, on the rise. And in the words of Al Jolson, “You ain’t seen nothin’ yet!”

In the area immediately around Bentonville and Centerton there are about 65 land listings over 10 acres. These range from a median list price of $55,000 per acre to an average of $117,000 per acre. Now this includes commercial potential, so it has the tendency to trend upward, but from what I am seeing, the price for developable and potential development for future use is pushing $60,000 to $70,000 per acre.

We are seeing out of town buyers, both individuals and corporations, much more frequently than we were even a year ago. This is a great thing for property owners, as they are seeing the fruits of their labor and investment pay off. Northwest Arkansas is finally on the national radar, and in a big way. It’s good for everyone involved.

That being said, land sales are some of the most difficult to navigate; negotiations, zoning approvals, utility access, annexations - the list goes on, but not every agent is qualified to perform a successful large scale acquisition.

I am one of the few agents that have been in business for this long - 35 years. I am a native of Bentonville and I have experience in selling all types of property, from residential to land to commercial - hotels, restaurants, office lease, 1031 tax exchanges, you name it…I’ve probably done it.

If you need help buying in the area, you need eyes on the ground, or you need help in getting your property sold at the correct price, please give me a call.

I am a small office, but I offer big service. And confidential service.

Larry Horton, 479-903-0328