Valley Land and Spec Home Sales Q3 2022
152 single-family homes/teardown candidates closed in Q3. The average DOM was just 24 days, with some never hitting the market.
The closing price of a new spec home fell from $1,033 per square foot in the second quarter of this year to $974 per square feet in the 3rd quarter.
Just six vacant lots sold during the quarter, with average closing price of $280,300.