August 2024 Land Report
In the Tucson Lot and Land market, August 2024 active inventory was 724, a 6% increase from August 2023. There were 48 closings in August 2024, a 25% decrease from August 2023. Year-to-date 2024 there were 476 closings, virtually unchanged from year-to-date 2023. Months of Inventory was 15.1, up from 10.7 in August 2023. Median […]
State of the Market Mid-Year Report 2024
The land/lots segment of the market in Tucson continues to show signs of strength. Given ongoing inventory shortages in the resale housing sector, land to build on remains a solution for some. Land/lots inventory is up slightly over 2023 while closed sales are also higher year-to-date, at a similar rate. The median sale price of […]
July 2024 Land Report
In the Tucson Lot and Land market, the July 2024 active inventory was 702, a 5% increase from July 2023. There were 51 closings in July 2024, an 11% decrease from July 2023. Year-to-date 2024 there were 428 closings, virtually unchanged from year-to-date 2023. Months of Inventory was 13.8, up from 11.7 in July 2023. […]
Expert Packing & Moving Tips for a Smooth Transition to Southern Arizona
Moving to a new home can be an exciting adventure, but it also comes with its fair share of challenges. At Buy Tucson Lots, we understand the complexities of moving and are here to provide expert tips to make your transition to Old Pueblo as smooth as possible. Whether you are relocating to or moving […]
The NAR Commission Question: Unpacking Misconceptions and Future Implications
Realtors’ commissions are among the most hotly debated topics in the evolving real estate landscape. Recently, an article by Land Hub, shed light on this matter, clarifying some common misconceptions and highlighting potential changes on the horizon. This discussion is particularly relevant as a significant lawsuit, which could reshape commission practices nationwide, is anticipated to […]
June 2024 Land Report
In the Tucson Lot and Land market, in May 2024, active inventory was 715, a 5% increase from May 2023. There were 74 closings in May 2024, a 1% decrease from May 2023. Year-to-date 2024, there were 315 closings, an 11% increase from year-to-date 2023. Months of Inventory was 9.7, up from 9.1 in May […]
Establishing Land Values & Broker Opinion of Values (BOV) vs. Appraisals
I recently received an email from a woman who identified herself as a trustee of vacant land on Tucson’s west side. She asked if I could provide her with an analysis of this area and give her its current market value. I have received plenty of these requests before from individuals, whether lawyers, accountants, bankers, […]
May 2024 Land Report
In the Tucson Lot and Land market, in April 2024, active inventory was 696, a 1% increase from April 2023. There were 78 closings in April 2024, a 77% increase from April 2023. Year-to-date, in 2024, there were 238 closings, a 25% increase from year-to-date 2021. Months of Inventory was 8.9, up from 15.7 in […]
Tucson’s Land Market Turns Around in 2024
2023 Land Market Recap As we approached the 2023 holiday season, my partner Steve Arffa and I deplored that the year had been relatively mediocre for land sales. We spent more time than usual spinning our wheels and not being very productive. It felt like a one-step-forward and two-step-back kind of year. After a couple […]
April 2024 Land Report
In the Tucson Lot and Land market, March 2024 active inventory was 714, virtually unchanged from March 2023. There were 59 closings in March 2024, a 5% increase from March 2023. Year-to-date 2024, there were 159 closings, an 8% increase from year-to-date 2021. Months of Inventory was 12.1, down from 12.6 in March 2023. The […]