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HomeMy WebLinkAboutCouncil Presentation 8-17-2021 FY Development Activity Annual ReportDevelopment Activity Annual Report Jason Angell, Development Services Director 8/17/21 Presentation Overview Content •Housing Market •General Plan and Land Development Code Changes •Commercial and Residential Projects •Development Activity 2 Highlights Housing Market Data •Historically low interest rates persist •Median sales prices continue to rise •Existing home inventory remains low 3 256 257 261 281 291 307 230 240 250 260 270 280 290 300 310 320 201620172018201920202021Median Sales Price in thousnads $Calendar Year Median Sales Price Highlights Residential Permits •Single-family permits >800/year since FY 2018 •Valuations on the increase since FY 2016 4 577 700 807 803 855 1067 180 208 243 252 279 329 0 200 400 600 800 1000 1200 Single-Family Activity Number of Permits Valuations in Millions $ Highlights Commercial Permits •36 permits issued for new construction and tenant improvements 5 208 243 252 279 329 59 45 49 23 36 0 50 100 150 200 250 300 350 Valuations (in millions $) Residential Commercial Highlights Water and Sewer Connections •Continued steady increase for Marana Water 6 3034624904696337131422324453984785630 100 200 300 400 500 600 700 800 Marana Water Service Water Meters Installed Sewer Cards Issued Highlights Subdivision Activity •4,313 new lots final platted since FY2017 •Additional 957 lots currently in platting process 7 727 894 919 777 996 0 200 400 600 800 1000 1200 Lots Final Platted Discussion 8