143 lots in Buckeye’s Verrado sell for $13.8M

Real Estate | 15 Apr |

In a series of three transaction, 143 lots in the Verrado residential real estate development of Buckeye were sold for a total of $13,778,812.50, according to the commercial real estate tracking website Vizzda. The lots, all located at the northeast corner of Verrado Way and Indian School Road, are part of the Verrado Victory District in Buckeye.

The seller was DMB Associates.

READ ALSORanking Arizona: Top 10 home builders for 2021

• K Hovnanian Homes purchased 79 lots for $7,589,312.50, which breaks down to $96,067.25 per lot.

• Taylor Morrison purchased 35 lots for $4,217,500.

• David Weekley Homes purchased 29 lots for $1,972,000, which breaks down to $68,000 per lot.

The broker on the deals was Nate Nathan of Nathan & Associates.

Buckeye has become a hotbed for growth in the past several years.

Data shows that by several accounts, 2020 was somehow a year of growth in several markets. S&P 500 hit a historic high in September, eCommerce sales jumped by nearly a third, home sales are on track to exceed the previous year’s numbers, and lots of people moved to Goodyear and Buckeye in the West Valley.

Top Cities People Moved To in 2020 (Net Growth)

1. Boise, ID (+300%)

2. Venice, FL (+292%)

3. Georgetown, TX (+213%)

4. Goodyear, AZ (+135%)

5. Sarasota, FL (+126%)

6. Cape Coral, FL    (+103%)

7. Simpsonville, SC (+94%)

8. Punta Gorda, FL (+76%)

9. Saint Augustine, FL (+75%)

10. Buckeye, AZ (+75%) 

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