Valley Land and Spec Home Sales Q2 2022
Ninety-six potential teardown candidates sold in the second quarter. These properties did not remain on the market long and many never hit the market.
The closing price of a new spec home rose from $871 per square foot in the first quarter of this year to $1,033 per square feet this quarter.
Fifteen vacant lots sold during the quarter, with an average closing price of $693,800.