After a couple slow months, national homebuilder purchases of lots has begun picking up in the Phoenix area.
Denver-based Richmond American Homes recently plopped down $4.54 million in cash for 112 lots at Vistancia Village in Peoria, according to Vizzda LLC real estate database.
The partially finished lots are north of the northwest corner of Vistancia Boulevard and Lone Mountain Road in Peoria, which is in the new Vistancia expansion in the northern part of the project, said Jim Daniel, president of RL Brown Housing Report.