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

Permits issued in September:

  • Single family: 1,625
  • Multifamily (5+ units): 866

Permits issued YTD September 2017:

  • Single family: 15,865
  • Multifamily (5+ units): 6,026

Sales data:

  • 39 land transactions valued at $1 million or more
  • Total sales volume was over $163 million
  • 1,042.34 acres and 2,560 lots sold

Significant transactions in the market:

Paradise Ridge - Phoenix:

  • $14.5 million
  • 16.46 net acres ($20.22 PSF)
  • 349 planned apartments ($41,547 per unit)
  • Developer: JLB Partners

The Meadows - Peoria:

  • $12,011,977
  • 169 P&E lots ($71,077 per lot)
  • Builder: K. Hovnanian Homes

Blue Horizons - Buckeye:

  • $10,225,757
  • 245 partially improved lots ($41,738 per lot)
  • Buyer: Coronado West

 

AZ LandSource Team Land and Permit Snapshot Colliers International