TUCSON, AZ (December 1, 2023) – After closing on 101 lots in March 2022, D.R. Horton is back for another 100 lots at Hanson Ridge in the Vail area on the east side of Tucson.
The lots are a mixture of 40’ and 50’ wide located in the Weissman Ridge subdivision and sold for $4,334,296 ($43,342 per lot). This transaction closed on November 22, 2023.
According to Redfin, in October 2023, Vail home prices were down by 0.9% compared to last year, selling for a median price of $421,000. On average, homes in Vail sell after 76 days on the market compared to 62 days last year. There were 24 homes sold in October this year, down from 33 a year ago.
D.R. Horton has been building in this area for some time. These new expansions will add to their offerings at Hanson Ridge, located along E Old Vail Rd, set against the stunning backdrop of the Rincon Mountains and within the highly sought-after Vail School District.
Dan Feig with Chapman Lindsey Commercial Real Estate Services handled the sale for the buyer and the seller, Vail UPRR South, LLC, and Vail UPPR Russo, LLC of Tucson, c/o Duff Hearon, manager.
For more information, Feig should be reached at 520.747.4000 ext. #103.
To learn more, see RED Comp #10994.