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 […]

March 2024 Land Report

In the Tucson Lot and Land market, February 2024 active inventory was 707, a 3% increase from February 2023. There were 41 closings in February 2024, an 18% decrease from February 2023. Year-to-date 2024, there were 97 closings, a 7% increase from year-to-date 2021. Months of inventory were 17.2, up from 13.7 in February 2023. […]

Land Broker Lessons: Business Values Through the Eyes of My Dog

Every now and then, I reflect on my career as a Homesite Specialist and Land Broker in Tucson and ask myself these questions: Am I still enjoying what I do? Am I providing excellent service to both land buyers and sellers? Am I enjoying the relationships I’m creating with my clients? Am I enjoying and […]

Changing Land Markets: A Buyer’s Opportunity in Tucson, AZ (Part 2)

The pendulum has swung from a seller’s land market to one that favors buyers, creating a window of opportunity for people who want to buy land and build a custom home.  As discussed in the previous blog, 2022 was a solid year for Tucson land sales. The year began by seeing multiple unexpected offers on […]

Changing Land Markets: A Buyer’s Opportunity in Tucson, AZ (Part 1)

Navigating the ever-evolving Tucson, Arizona, land market requires a keen eye for detail and an understanding of the myriad of factors that shape it. From macro influences like interest rate fluctuations, national and global political landscapes, employment dynamics, and stock market performances to local determinants such as housing inventory, price trends, supply and demand for […]

Vail, Arizona is a Hot Area for Land In 2023

Tucson, Arizona, is a booming city with a diverse landscape that draws people from all over the world. The region boasts a rich culture, stunning natural beauty, and a thriving economy, making it a popular choice for homebuyers and real estate investors. With the strong demand for land in Tucson, you might want to stay […]