By: Daniel Benson; Belfiore Real Estate Consulting
LGI Homes has closed on the remaining partially improved lots within the Trailside Point Community in Laveen, located north of the northwest corner of Baseline Road & 75th Avenue. According to public record (click here to view the affidavit), LGI closed on 135 partially improved lots (57 – 45’x110’ / 26 – 50’x110’ / 52 – 55’x115’) within Unit 4. The deal closed on Wednesday 10/8/2014 for $3,600,074 ($26,667 per lot / $535 per weighted average front foot).
Both Richmond American Homes & KB Home are actively selling homes within the Trailside Point Community. KB Home is selling two different products on a 55’x115’ & 65’x115’ lot. KB’s plans being built on the 55FF lots range in size from 1,718 – 2,745 SF and base prices range from $169,990-$204,990. As of Belfiore’s most recent survey KB had averaged 1.17 sales per month YTD on the 55FF lots. KB’s plans being built on the 65FF lots range in size from 2,303 – 3,267 SF and base prices range from $209,990 – $239,990. As of Belfiore’s most recent survey KB had averaged 0.5 sales per month YTD on the 65FF lots. Richmond American is building on 50’x110’ lots and its home plans range in size from 1,900 – 2,950 SF and base prices range from $179,990 – $220,990. As of Belfiore’s most recent survey, Richmond had averaged 1.12 sales per month YTD.
