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

Permits issued in July:

  • Single-family: 1,844
  • Multifamily (5+ units): 60

Permits issued YTD July 2017:

  • Single-family: 12,307
  • Multifamily (5+ units): 4,004

Sales data:

  • 33 land transactions valued at $1 million or more
  • Total sales volume was over $138 million
  • 1,762.07 acres and 2,060 lots sold

Significant transactions in the market:

Desert Mountain:

  • $24 million
  • 91.13 acres ($263,360 per acre)
  • 190 planned lots
  • Par 3 golf course

The Local - Tempe:

  • $11.55 million
  • 5.87 acres ($45.15 PSF)
  • 191 planned apartments59,000 SF retail

Crescent Rio Salado - Tempe:

  • $6.25 million
  • 2.68 acres ($53.62 PSF)
  • 209 planned apartments

   

AZ LandSource Team Land and Permit Snapshot Colliers International