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

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

  • Number of transactions: 51 land transactions
  • Total sales value: over $275.3 million
  • Land area/acres: 2,694.02 acres
  • Lots/units: 4,993 units

Significant transactions in the market:

Toll at Prasada – Surprise:

  • $62,481,328
  • 784.97 acres | $75,597 per acre
  • 2,207 planned lots | $28,311 per lot
  • Buyer: Toll Brothers

Camino a Lago South – Peoria:

  • $31.35 million
  • 125.36 acres | $250,080 per acre
  • 571 planned lots | $66,561 per lot
  • Buyer: D.R. Horton, Inc.

Horizon – Chandler:

  • $13 million
  • 36 acres | $361,148per acre
  • 242 planned lots | $53,719 per lot
  • Buyer: Lennar

 

 AZ LandSource Team Land Sales Snapshot Colliers International

*Sources: Vizzda and CoStar