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TUCSON, Ariz. (KOLD News 13) - Despite being in the midst of a pandemic with historically high unemployment, the housing market is booming.
Gladden Farms, a master-planned community in Marana, is a good indicator of what the housing market in this area looks like.
“The project is moving at a pace that it hasn’t seen since before the great recession, so you are literally talking about 14 years ago. It has certainly been a quick turnaround,” said Dean Wingert, a vice president with Crown West Land Group.
Wingert said Gladden Farms has more than 2,000 homes.
“Just within the last two months, we have sold over 300 lots to home building companies,” Wingert said.
Wingert said despite home builders virtually taking March and April off
Richmond American Homes purchased 69 lots (60’X 120′) in Block 30 for $4,195,200 ($60,800 per lot) and Lennar purchased 67 lots (60’X120′) in Block 30 for $4,073,600 ($60,800 per lot). The lots were purchased from Gladden Phase II, LLC (Crown West Land Group, Dean Wingert, Vice President).
Gladden Farms is a 1,350-acre master planned community in northern Marana, just west of Interstate 10 between Tangerine and Moore Roads. The master-plan has been a top performing community in the Tucson area for many years and is one of the most active projects in the Northwest submarket.
Richmond American and Lennar have bought and sold through several blocks at Gladden Farms since the project opened.
Will White and John Carroll of Land Advisors Organization in Tucson