The AZ LandSource Team, with Colliers in Greater Phoenix, presents a snapshot of land, lot and single-family home sales, and active subdivisions for Laveen Village for October 2017. Visit the AZ LandSource Team web page for our latest research, news and properties.

Land and lot sales summary ($1M+ transaction value):*

12 months ending Oct. 31, 2017

  • Number of transactions: 7
  • Total value: $19.3 million

12 months ending Oct. 31, 2016

  • Number of transactions: 7
  • Total value: $16.7 million

Key Takeaways: 

  • For each 12-month period ending Oct. 31, 2017 and Oct. 31, 2016, the number of transactions remained the same; however, the overall transaction value was up nearly 16 percent to $19.3 million from $16.7 million.
  • Of the 14 land and lot transactions, 12 were purchased by home builders. These transactions represent an increase from 377 lots in the 2016 period to 733 lots in the 2017 period, an almost twofold increase.
  • The number of finished lots transacted fell to 150 in the 2017 period, down from 229 in the 2016 period. This would indicate the market has a tight finished-lot supply, causing homebuilders to seek out platted and engineered lots, as well as raw land.
  • The active subdivisions in the market are averaging a healthy 3.43 sales per month, which is drawing continued interest from the homebuilders.

*Source: Vizzda

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