Blog & News

Establishing Land Values & Broker Opinion of Values (BOV) vs. Appraisals

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...
May 2024 Land Report

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...
Tucson’s Land Market Turns Around in 2024

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...
April 2024 Land Report

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...

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