By Karen Schutte
Just as temperatures start to reach the 100 degree mark, residential lots sales are heating up too. Tucson has experienced a 40% increase in residential building permits this year, and it seems home builders are bracing themselves for existing labor and lot shortages. There were 328-platted lots sold in the Northwest Tucson submarket since May 12th with an aggregate sum of $9.1 million.
“We are definitely seeing the push into north Marana by the homebuilders. We are seeing land prices increasing due to strong demand and it is well documented that the “shovel ready” lots are in very short supply in this area,” said Will White of Land Adviors Organization in Tucson.