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

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

  • Number of transactions: 48 land transactions
  • Total sales value: over $160.3 million
  • Land area/acres: 1,124.15 acres
  • Lots/units: 4,236 units

Significant transactions in the market:

Blue Horizons – Buckeye:

  • $12,889,283
  • 231 finished lots | $58,323 per lot
  • 50 ft. average lot width | $1,157 per FF
  • Buyer: KB Home

Avance - Phoenix

  • $12.1 million
  • 67.29 acres | $179,819 per acre
  • 190 planned lots | $63,684 per lot
  • Buyer: Maracay Homes

Lakin Ranch - Avondale

  • $8,325,000
  • 182.17 acres | $45,699 per acre
  • 461 planned lots | $18,059 per lot
  • Buyer: Brookfield Residential

 

AZ LandSource Team Land Sales Snapshot Colliers International 

*Sources: Vizzda and CoStar