Infill sites under development in the I-17 and 101 Submarket

Belfiore Real Estate Consulting

During Belfiore Real Estate Consulting’s most recent survey to the I-17 and 101 Submarket, two small infill sites were under development. Constitution Ridge, located off 19^th Ave and Grovers Ave, had been mass graded and trenching for the utilities had begun. According to public record, this site has 19 – 45’ x 112’ lots. It was recently purchased on September 27, 2013 by Constitution Ridge Lots LLC for $356,000 (View affidavit here). Desert Wind Villas, located off of Bell and 20^th St, is nearly complete. According to public record, this site has 27 – 45’ x 115’ lots. It was purchased by Taylor Morrison on April 30, 2013 for $1,115,044 as partially developed lots (View affidavit here).

Currently, the only active subdivision in this submarket is Contessa Bella by Bellago Homes. They reported 7 sales during the last survey for a total of 12 sales since opening on May 18, 2013.

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October 25, 2013

family planning, Housing, real estate

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