The Arizona LandSource Team, with Colliers in Greater Phoenix, presents a snapshot of land sales and permit activity in metropolitan Phoenix for August 2017.

Permits issued in August:

  • Single-family: 1,954
  • Multifamily (5+ units): 1,156

Permits issued YTD August 2017:

  • Single-family: 14,240
  • Multifamily (5+ units): 5,160

Sales data:

  • 42 land transactions valued at $1 million or more
  • Total sales volume was over $125 million
  • 2,356.82 acres and 2,445 lots sold

Significant transactions in the market:

EdgeConneX - Mesa:

  • $10,236,000
  • 47.94 acres ($4.90 PSF)
  • Use: data center
  • Developer: JLB Partners

NorthPoint Development - Goodyear:

  • $9,035,572
  • 48.75 acres ($4.25 PSF)
  • Use: 800,000 SF Chewy.com distribution center

Cantada Ranch - Avondale:

  • $6,770,000
  • 120 improved lots ($56,417 per lot)
  • Buyer: Garrett Walker Homes

 

AZ LandSource Team Land and Permit Snapshot Colliers International