With the housing rebound comes more builders wanting to build, and finished lots are getting pretty scarce and pushing up lot prices up. Aaron Mendenhall, Land Specialist at Chapman Lindsey in Tucson, tracks the SFR lot inventory. Mendenhall told us, “The finished lot inventory in the Tangerine Corridor (Oro Valley / Dove Mountain areas) is completely tied up by builders. There is still some finished lot inventory available in the northwest Marana area, around Gladden Farms, has approximately 300-lots left.”
As reported last month, Richmond American Homes of Arizona (James Gaulin, Director of Land Acquisition) acquired 36-SFR lots at Gladden Farms in Block 17 for
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[ismember]Sale date: 9/4/2013. All cash transaction. [/ismember]