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

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

  • Number of transactions: 51 land transactions
  • Total sales value: over $202.8 million
  • Land area/acres: 1,704.52 acres
  • Lots/units: 2,746 units

Significant transactions in the market:

Vistas at Silverstone - Scottsdale:

  • $23 million
  • 23.73 acres | $22.25 PSF
  • 182 planned townhomes | $126,374 per unit
  • Buyer: K Hovnanian Homes

CyrusOne - Mesa:

  • $19,317,525
  • 68.23 acres | $6.50 PSF
  • Planned Use: Data Center
  • Buyer: CyrusOne

Broadstone Rio Salado (Tempe):

  • $11.25 million
  • 9.29 acres | $27.79 PSF
  • 276 planned apartments | $40,761 per unit
  • Buyer: Alliance Residential

 

AZ LandSource Team Land Sales Snapshot Colliers International

*Sources: Vizzda and CoStar