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Vail, AZ is New Hotspot for Residential Lot Sales in April

TUCSON, ARIZONA – Residential lot sales in Tucson metro area totaled $1.8 million for the month of April, with the most lots being sold in the Vail area, in the southeast submarket of Tucson. KB Home Tucson purchased 42 lots at Mountain Vail Reserve from Civano Nursery of Tucson (Alex and Leslie Shipley, managers) for …

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Tucson Land Speculation / New and Continuing Rolling Option Deals

TUCSON, Arizona — O.T. Builders, LLC and Mesquite Homes (Jim Campbell, CEO) of Tucson closed on the first of 29 finished lots of a new rolling option at Vail Vista Estates in the southeast submarket for $36,000. Price is a base price plus back end participation in home sales. Lot sizes are a minimum of …

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Housing Momentum Continues – Strong Q1 Highlights Need for Continued Acquisition and Lot Development

By: Aaron Mendenhall, Chapman Lindsey Commercial Real Estate Services TUCSON, Arizona — At the end of 2016 we were excited about attaining 2,699 permits and 1,904 single family house starts for the year. When compared to historical averages of 4,000 to 5,000 permits per year, these numbers seem low. However, it highlights the duration and …

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