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

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Permits issued in November:

  • Single-family: 1,500
  • Multifamily (5+ units): 584

Permits issued YTD November 2017

  • Single family: 19,021
  • Multifamily (5+ units): 7,704

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

  • Number of transactions: 35
  • Total sales value: over $201 million
  • Land area/acres: 20,569 acres
  • Lots/units: 1,520 lots

Significant transactions in the market:

Belmont (55.27% stake):

  • $82,521,407
  • 19,931 acres ($7,491per acre adjusted)
  • ±80,000 planned units
  • ±3,800 acres industrial/office/commercial
  • Buyer: Cascade Investment LLC

Haven - Chandler:

  • $13,655,000
  • 37.29 acres ($365,889 per acre)
  • 324 planned units
  • Builder: Mattamy Homes

Lincoln Logistics - Goodyear:

  • $9,242,505
  • 49.92 acres ($.25 per square foot)
  • 901,700 SF planned distribution center
  • Developer: Lincoln Property Co.

 

2017 Nov Land Permit Snapshot Greater Phoenix Arizona Landsource Team

*Sources: Vizzda and CoStar