Alturas, California is within Modoc County and boasts a population of 2,800 people, according to the 2010 census. At an elevation of 4,370 feet, this town is located on the Pit River and has a rich history.
Formerly known as Dorris Bridge, the town’s first post office opened in 1871. The town would change its name from Dorris Bridge to Dorrisville in 1874 before finally settling on the name of Alturas in 1876. The city was officially incorporated in 1901 and is considered a county seat, despite it being smaller than other towns in the area, such as Cedarville.
Exceptional weather conditions are present in the area. Locals enjoy July temperatures of 88° and January temperatures between 41° and 16°. There are 36.2 days each year when the temperatures reach 90°. There over 203 days of the year when temperatures reach 32° or lower. Precipitation levels reach 12.43 inches annually. The weather is much cooler than the hotter areas of California, and draws and a lot of people that want to get out of the hustle and bustle of bigger cities.
As a result, land and acreage for sale, especially on the Pit River, are in high demand. If you’re planning on investing in land in California, you know that land prices have skyrocketed since the 70s, and they're only projected to get worse. But, Alturas California offers a once-in-a-lifetime opportunity to own prime land in one of the most beautiful states in the country.
Current Land Sales
So, you want to buy land in Alturas, CA? You need to know what the average land price is right now (as of October 27, 2015). We’ve pulled recent listings from the top realtors in the area to find you these statistics.
* A 1.47 acre lot is selling on Possum Lane for $3,000.
* A 3 acre lot is for sale on Jaguar Lane for $6,000.
* A 5.16 acre lot is selling on Raccoon Lane for $8,000.
But, many of these lots are heavily treed, so the land to be cleared and prepared before building can start. Digging deeper into what is available in the current marketplace, let’s take a look at properties that are cleared and have a potential to have houses built faster.
* One lot on Pinetail Road is offering 2.94 acres for $28,000. This lot is cleared and offers spectacular views.
* An undisclosed address is for sale by owner and offers 11 acres of beautiful land that is semi-cleared for $29,900.
* A lot located on County Road 60 features 20 acres of land for $38,000.
If you’re looking for a lot of land, several hundred acres, we also have a few statistics that are very interesting.
* Two 400 acre lots are for sale for $195,000 each. When buying in bulk, this comes out to just $487 per acre of land. This the absolute worth value one can find.
* A massive 160 acre lot is selling on W. Bass Ln. for $99,500. This comes out to just $621 per acre.
Imagine what a real estate developer can do with this amount of land. You have the potential to build dozens or even hundreds of houses with acreage and sell them. Investors can use this land for farming, cattle or even divide the land up into lots and sell them individually for far more than selling a lot as a whole. It’s an exceptional market, and one that investors took advantage of in the 70s.
Alturas, CA Real Estate Statistics
We’ve already provided the land and acreage statistics that we've come across, but this does not paint a clear picture of the market value in the area. Are home sales going up or down in the area? This is very important if you plan on developing the land and adding a structure before selling it.
Let’s take a look at the recent statistics from Q3 2015 to determine how the land value is moving in the area.
Year-on-year growth in the area is exceptional. Home prices have risen by 13.1% and are up $8,250 on the year. But, the median sale price is $71,250. Since sale prices are much lower than in other areas of the nation, you’ll be able to build houses for cheaper and sell them for a great profit in the future or at the current market rate.
What's disappointing is that three bedroom homes have seen their prices drop by 24.7% in the last year. Just a year ago, these same homes were selling for $131,500 on average, but these prices have now lowered to $99,000. However, five years ago, the prices were just $60,000.
Not surprisingly, the data was from July to October when sales slowed down as the new school year began. What this shows us is that the current prices are 22.6% lower than the previous quarter despite being 13% higher than the previous year. It’s not uncommon for this data to fluctuate during these months, so the market is probably performing stronger than what is suggested at the current moment.
But, being in a market where housing prices are lower allows an investor to reap the profits of growth. In a city that has been around for as long as Alturas, growth is expected and home prices will continue to rise going into 2016.
The good news is as of the end of the week of September 30th, the average cost per square foot has increased by 8.6% compared to just a year earlier. Imagine the investment potential of an 8.6% gain on your portfolio. These are hefty profits, and the price for land is perfectly set for investors and developers.
Another perk of the area is that you don’t have to deal with the hustle and bustle of the city. Many local say that if there was a big airport nearby, Alturas would be a tourist hotspot and see immense growth. The city experiences all four seasons with a mild winter. You may find snow in the area, and there is a ski hill on Cedar Pass. Lakes and reservoirs in Modoc make it a popular destination for campers, and hunting is also an abundance in the area as well as biking due to the beautiful scenery. Make sure you also check other California land listings as well.
LandCentury.com specializes in selling wholesale real estate at the lowest prices. We believe that everyone should have the right and the opportunity to get a great deal on investment property All you have to do to get the property you’ve always wanted is follow these simple steps:
Step 1: Find the Perfect Property
Use LandCentury.com’s powerful network of real estate listings to find the property of your dreams. We have everything from move-in ready investment properties and cheap houses to rural land, buildable lots, and fixer-uppers. No matter what type of real estate you’re looking for, you can find it at LandCentury.com
Step 2: Click the Buy Button
This will start the purchase process. As one of America’s top online property listing sites, we leverage our unique business model of submitting an online payment to hold the listing to make transactions straightforward and secure. Our purchase process is designed for simplicity and security. Once you click the buy button, you will:
Use our secure site to submit your processing fee. We make every effort to protect your privacy. That’s one of the reasons why we offer a 24-hour money back guarantee on your processing fee, so you can feel confident in your transaction.
The seller will contact you within the next 24 hours procced to the next step and get the necessary info to prepare the contract.
Buyer Transaction & Privacy Protection
LandCentury.com stands behind our buyers, and we want you to know that your hard earned money is safe when doing business through us. That’s why we have a number of features to help protect buyers, including:
Symantec Secure Site SSL certificate, providing a $1,500,000 warranty on every transaction
Secure encryption and data protection
24 hour money back guarantee on processing fees
2 separate legal offices across the country to help you with any problems you encounter, anytime
Seller ratings so you can see what other people have to say about their experience with your seller
Still Have Questions?
We’d love to answer them. Check out our Help Center page or call us at 1-888-LAND-WEB (526-3932)
Our highly specialized support team is ready to find a solution to your problem. A people first policy insures that a team member will always be available to speak with you personally.
Symantec SSL Certificate
Symantec is a global leader in providing security, information management solutions to help our customers – from consumers and small businesses to the largest global organizations – secure and manage their information against more risks at more points, more completely and efficiently than any other company. Our company’s unique focus is to eliminate risks to information, technology and processes independent of the device, platform, interaction or location.
This website can secure your private information using a SSL Certificate. Information exchanged with any address beginning with https is encrypted using SSL before transmission. LandCentury.Com LLC has been verified as the owner or operator of the website located at www.LandCentury.com. Official records confirm LandCentury.Com LLC as a valid business.
Better Business Bureau
For more than 100 years, Better Business Bureau has been helping people find businesses, brands and charities they can trust. In 2015, people turned to BBB more than 172 million times for BBB Business Reviews on more than 5.3 million businesses and Charity Reports on 11,000 charities, all available for free at www.bbb.org. The Council of Better Business Bureaus is the umbrella organization for the local, independent BBBs in the United States, Canada and Mexico, as well as home to its national and international programs on dispute resolution, advertising review, and industry self-regulation.
BBB has determined that LandCentury.Com, LLC meets BBB accreditation standards, which include a commitment to make a good faith effort to resolve any consumer complaints. BBB Accredited Businesses pay a fee for accreditation review/monitoring and for support of BBB services to the public. BBB accreditation does not mean that the business’ products or services have been evaluated or endorsed by BBB, or that BBB has made a determination as to the business’ product quality or competency in performing services.
Web Site Anti-Malware Scan
GeoTrust is the world’s second largest digital certificate provider. More than 100,000 customers in over 150 countries trust GeoTrust to secure online transactions and conduct business over the Internet. Our range of digital certificate and trust products enable organizations of all sizes to maximize the security of their digital transactions cost-effectively.
The GeoTrust Web Site Anti-Malware Scan includes a daily malware scan to detect malware and alert you with detailed information to respond quickly to the attack. What happens if malware is detected on this web site? If malware is discovered, the GeoTrust Web Site Anti-Malware Seal no longer displays. When the scan confirms that all instances of malware are removed, the seal displays again.
If you feel that you have been a victim of real estate fraud, there are many resources available for you as the victim. Your first step is to contact the local District Attorney’s office and report the incident. Our office will stand by you and provide any relevant information to support your claim. Here are additional agencies that can assist you and provide more resources: