February 2025 Land Report
The Tucson land market remained steady in February, showing signs of resilience and continued opportunity. While activity was mixed, a notable rise in median pricing suggests strong demand for well-positioned, buildable lots. Market Highlights Active inventory was reported at 726, a slight 3% increase from February 2024. 45 closings were recorded, a modest 2% year-over-year […]
Does Your Lot Have the Three R’s: Rare, Remote, and Remarkable?
When searching for the perfect piece of land, there are three essential qualities to consider: Rare, Remote, and Remarkable. These features define the best lots in Tucson—offering privacy, breathtaking views, and unmatched opportunities. Rare: A One-of-a-Kind Opportunity Not all lots are created equal. A rare property offers something unique—whether it’s an unbeatable location, unparalleled scenery, […]
Pima Possibilities: A Barndominium-Ready Lot with Views
If you’re searching for the perfect lot to build your dream home or investment property, look no further than our listing at 4300 W Potvin Lane. Located on the northwest side of Tucson, this 3.64-acre parcel is priced at $195,000 and offers an incredible opportunity for buyers looking for space, convenience, and stunning mountain views. […]
January 2025 Land Report
The new year brought a mix of stability and shifting trends to the Tucson land and lot market. While inventory levels remain consistent, notable changes in pricing and contract activity suggest a market that continues to evolve. Market Highlights Active listings stood at 709, nearly identical to January 2024. There were 48 closings in January […]
December 2024 Land Report
As the year wrapped up, Tucson’s land and lot market closed on a quieter note. Fewer transactions and a rise in inventory extended buyer opportunities, though pricing remained steady across much of the market. Market Highlights Active inventory for December held steady at 730, virtually unchanged from December 2023. There were 41 closings, marking a […]
Land Musings — November 2024
State of the Market The Vacant Land Market in Tucson has been more unpredictable over the last two years than we would have expected. As an example, the first few months of 2024 was a time of unusually high activity during which we received many inquiries from buyers, and sales, consequently, were strong. That was […]
November 2024 Land Report
In the Tucson Lot and Land market, November 2024 active inventory was 739, virtually unchanged from November 2023. There were 49 closings in November 2024, a 9% increase from November 2023. Year-to-date 2024 there were 615 closings, a 2% decrease from year-to-date 2023. Months of Inventory was 15.1, down from 16.5 in November 2023. Median […]
October 2024 Land Report
In the Tucson Lot and Land market, October 2024 active inventory was 733, a 4% increase from October 2023. There were 39 closings in October 2024, a 38% decrease from October 2023. Year-to-date 2024 there were 559 closings, a 6% decrease from year-to-date 2023. Months of Inventory was 18.8, up from 11.2 in October 2023. […]
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 […]