The Arizona LandSource Team, with Colliers in Greater Phoenix, presents a snapshot of land sales and significant transactions in December 2017 for metropolitan Phoenix.

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Land sales data ($1M+ transaction value)*:

  • Number of transactions: 65
  • Total sales value: over $259 million
  • Land area/acres: 1,885 acres
  • Lots/units: 4,710 lots

Significant transactions in the market:

Harvest - Queen Creek:

  • $30,490,662
  • 412.78 acres ($73,867 per acre)
  • 1,245 planned lots
  • Buyer: TerraWest Communities

North Gateway - Gilbert:

  • $10,331,714
  • 118.58 acres ($87,129 per acre)
  • Expected re-zone to residential
  • Buyer: Scottsdale Investment Management

Estrella Commons - Goodyear:

  • $8,044,000
  • 102.97 acres ($78,120 per acre)
  • 365 planned lots
  • Builder: Fulton Homes

 

2017 December Land Sales Snapshot Greater Phoenix

 Sources: Vizzda and CoStar