The AZ LandSource Team, with Colliers in Greater Phoenix, presents a snapshot of land sales and significant transactions in February 2018 for metropolitan Phoenix.

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

  • Number of transactions: 27 land transactions
  • Total sales value: over $116 million
  • Land area/acres: 476.30 acres
  • Lots/units: 1,627 lots

Significant transactions in the market:

Asante Phase I Units 2 & 5 – Surprise:

  • $17,611,405
  • 232 finished lots
  • $75,911 per lot ($1,165 per FF)
  • Buyer: Lennar Homes

Vitri – Scottsdale:

  • $12,500,000
  • 3.74 acres ($76.73 PSF)
  • 300 planned apartments ($41,667 per unit)
  • Buyer: Lennar Multifamily

EdgeCore Eastmark – Mesa:

  • $7,622,993
  • 25 acres ($7.00 PSF)
  • Planned use: data center
  • Buyer: EdgeCore

 

AZ LandSource Team Land Sales Snapshot Colliers International

*Sources: Vizzda and CoStar