By Real Estate Daily News | Karen Schutte
North Marana growth heats up as the area looks to be a major beneficiary of Tucson’s strong market
Land deals seem to be non-stop these days in this sub-market of southern Arizona and Real Estate Daily News decided to look deeper into what is driving this. We thought there was no better place to start than the company who has been the “go to” source in this area. Will White and John Carroll of Land Advisors Organization have been involved in a major portion of the activity in north Marana for decades and represent several of the area’s larger projects going forward.
We recently sat down with White to get his thoughts on all this activity in north Marana and to ask what we can expect going forward.
Q: Will, the Tucson market has had an amazing ride over the past 18 months. Nowhere is this more true than in north Marana. Can you break down how (and why) this has happened?
North Marana benefited from a Tucson land market that was short on lot inventory going into 2020 and is extremly short going forward. This area has the most privately held land available that is unconstrained and can be delivered in the Tucson metro area. In addition, the land there is developable and there are entitlements in place and infrastructure at the ready. Difficult to find that right now in other areas of Tucson. As other large projects around the region saw most of their lot inventory purchased in the past 12 months, the homebuilders have turned their sights on this area. Keep in mind also that this area is already home to successful projects like Gladden Farms that will put up the most SFR permits in the market this year. The area was already successful and will look to only get better as we move forward.
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