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

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

  • Number of transactions: 43 land transactions
  • Total sales value: over $215 million
  • Land area/acres: 1,576 acres
  • Lots/units: 2,027 lots

Significant transactions in the market:

PV 303 Land Portfolio – Goodyear:

  • $30,185,470
  • ±364 acres ($1.90 PSF)
  • Planned use: industrial
  • Buyer: Merit Partners

PV 303 East III – Goodyear:

  • $17,964,101
  • 305.31 acres ($1.35 PSF)
  • Planned use: industrial
  • Buyer: Sunbelt Investment Holdings

Kensington Estates – Gilbert

  • $15,265,800
  • 130 finished lots ($117,429 per lot)
  • Planned use: single-family homes
  • Builder: Woodside Homes

 

AZ LandSource Team Colliers International in Greater Phoenix

*Sources: Vizzda and CoStar