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

Permits issued in October:

  • Single-family: 1,611
  • Multifamily (5+ units): 561

Permits issued YTD October 2017:

  • Single family: 17,476
  • Multifamily (5+ units): 6,587
Sales data:
  • 54 land transactions valued at $1 million or more
  • Total sales volume was over $253 million
  • 1,449.69 acres and 3,958 lots sold

Significant transactions: in the market

Pearl Biltmore - Phoenix:

  • $30,595,000
  • 5.09 acres ($138 PSF)
  • 474 planned apartments ($64,546 per unit)

EdgeConneX - Mesa:

  • $29,131,630
  • 121.65 acres ($5.50 PSF)
  • Planned use: data center campus

Marley Park - Surprise:

  • $17,935,200
  • 224.18 acres ($80,000 per acre)
  • 961 planned lots ($18,663 per lot)

 

AZ LandSource Team Land and Permit Snapshot Colliers International