Navigation Links
Vermaland, LLC. Sees Land Sale Market Improvements and Predicts Demand Increases Throughout the Year
Date:2/27/2013

Phoenix, Arizona (PRWEB) February 27, 2013

Vermaland LLC, a land banking and land development company that currently has the largest holdings of 50-1,200 acre parcels in metro Phoenix, has seen continued improvements in the land sale market and predicts that demand will continue to be strong throughout 2013 and beyond.

Land sale data tracked by Vermaland indicates that the price per acre for raw law in the Greater Phoenix region continued to increase throughout 2012. So far in 2013, prices and land sales are also showing positive momentum, Vermaland data shows.

In addition, Arizona State University’s W. P. Carey School of Business recently released a report finding the median price of a metro Phoenix home climbed nearly 34 percent in 2012. As a response to stronger demand, homebuilders and investors have also been buying undeveloped land in an effort to prepare for a market turnaround.

“We are seeing an improving market and expect it to continue this year and be very strong next year,” notes Vermaland CEO Kuldip Verma, a veteran entrepreneur in Phoenix, who has more than 20 years of experience in the Arizona real estate market. “We’ve seen several cycles in this market and know good things are ahead.”

Verma said increased homebuilding permits, shallow inventory and strong median home prices indicate that the demand for raw land will continue to be strong and portends a positive market. “We are seeing more activity than we have in quite some time,” Verma said, adding raw land sales follow a similar, methodical pick-up within a year after the residential real estate sector records significant growth.

Currently, finished residential lots are seeing double their value in comparison to 2011, with most foreclosures being flushed out. Raw land activity has started, and is becoming aggressive, Verma noted. Raw land is currently selling for $.10 to the dollar, which is a much higher drop than the residential sector and much lower than purchases made by solar developers from 2009-2012. During those years, solar developers paid similar prices to what land was selling for during the peak of the market.    

Vermaland prides itself on the ownership of high-quality land parcels with good road access, electricity and water, proximity to substations and flat land conditions to allow for easier building. In the height of 2007 and 2008, Vermaland supplied land to some of the nation’s largest solar projects. Because of limited expansion options in most areas of Phoenix, other than the west Valley, Vermaland entities have maintained their portfolio in land west of downtown Phoenix.

“We have been doing this for long enough to know how the cycles work and the metro Phoenix market is clearly at a turning point,” said Joe Dodani, a seasoned associate broker with Elite Commercial. “The reality of this will be proven a year from now, however, the market is getting back on track. I’ve helped several clients, find extremely low prices, and with land currently priced at $.10 to the dollar, this is a prime time to purchase, since prices are already beginning to rise.”

Vermaland LLC, is a land banking, land development, land marketing company based in Phoenix. Arizona. The company was founded in 2001 as a whole sale buyer and seller of land offering land for residential, commercial, agricultural, industrial, solar and other renewable projects. For additional information on Vermaland, visit http://www.Vermaland.com.

###

Read the full story at http://www.prweb.com/releases/2013/2/prweb10475280.htm.


'/>"/>
Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. Zane Benefits Publishes New Information on California's Health Insurance Marketplace
2. Sugar Manufacturing in Australia Industry Market Research Report Now Updated by IBISWorld
3. Radiopharmaceuticals Market - New Industry Research Report Published by Transparency Market Research
4. BRICS Mobility Aids and Transportation Equipment Market Analysis & 2018 Forecasts in New Research Report at RnRMarketResearch.com
5. Solid State (Smart) Transformer Market is expected to reach $5,043.39 million at a CAGR of 82.3% by 2020 - New Report by MarketsandMarkets
6. Medical Device Manufacturing in Canada Industry Market Research Report Now Available from IBISWorld
7. iTrade Capital Markets ICM Trading Now Offers an Opportunity To Become An Omnibus API Partner
8. New Advanced Social Media Marketing Programs at Online Marketing DNA
9. TherapySites (Websites for Therapists) Announces Partnership with Counseling Wise to Offer Website Marketing For Therapists
10. Global Neurostimulation Market 2013 Report
11. UV Flash Infection Control Unit Steps onto the Healthcare Market, with a Quick and Effective Way to Disinfect Virtually any Item Commonly Found in Medical Facilities
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/26/2016)... ... May 26, 2016 , ... Despite last week’s media reports hinting ... and company to wait until March 2017 for an interest rate increase, according to ... College of Business. , “The Federal Open Market Committee (FOMC) dot charts are of ...
(Date:5/26/2016)... Missouri (PRWEB) , ... May 26, 2016 , ... ... quality and clinical outcomes, hosted members and suppliers for its inaugural Member Conference ... focus on their mission of elevating the operational health of America’s healthcare providers. ...
(Date:5/26/2016)... Pompano Beach, Florida (PRWEB) , ... May 26, 2016 , ... ... Green House® Project offering a new model of care for living and ... on three core values: Meaningful Life in a Real Home provided by Empowered Staff. ...
(Date:5/26/2016)... , ... May 26, 2016 , ... ... and development solutions for drugs, biologics, consumer health and global clinical supply services, ... in Korea to support the company’s continued investment and strategic growth plans in ...
(Date:5/26/2016)... ... 26, 2016 , ... Memorial Day Weekend marks the unofficial start of summer ... tips to make sure your family and vehicle are ready to hit the road ... be 439 deaths and an additional 50,500 serious injuries from motor vehicle crashes during ...
Breaking Medicine News(10 mins):
(Date:5/26/2016)... Tenn. , May 26, 2016 /PRNewswire/ ... of software and analytics, network solutions and ... today announced it entered into a strategic ... provider of outpatient software solutions and revenue ... centers, specialty hospitals and rehabilitation clinics to ...
(Date:5/25/2016)... -- FDA 510(k) clearance covers Confocal ... urological and surgical applications Mauna Kea ... the multidisciplinary confocal laser endomicroscopy (CLE) platform, today ... with the 12 th 510(k) clearance from ... new FDA clearance covers Confocal Miniprobes indicated for ...
(Date:5/25/2016)... , Deutschland und GERMANTOWN, Maryland ... Zusammenarbeit mit Therawis bedient dringenden ... Brustkrebs   QIAGEN N.V. (NASDAQ: ... heute bekannt, eine Lizenz- und Entwicklungsvereinbarung mit Therawis ... für die Onkologie eingegangen zu sein. Ein erstes ...
Breaking Medicine Technology: