(Albuquerque, NM.)—March 28, 2023 – Albuquerque-based Price Land Development Group (Price) continues to do their part to address the ongoing housing crisis in New Mexico by delivering more than 700 new residential lots throughout the market. The deeply rooted New Mexico company is providing options for a diverse group of homebuyers, from entry level to move-up in communities in and around Albuquerque and Santa Fe.
By the end of April 2023, Price is expected to release a combined 715 lots, 155 in the Aspire community in southwest Albuquerque, 270 in Los Diamantes in south Rio Rancho, 116 in Colibri in Santa Fe and 174 in the Mariposa community in northern Rio Rancho.
“The timing of these lots is great for the many New Mexicans who are looking for a quality home in a desirable neighborhood. We are partnering with builders to provide a wide-ranging selection of homes for a variety of buyers who we are proud to call neighbors. These buyers have been subject to the ongoing housing crisis, and we are proud to address that need,” said Price Land Development Group founder and Albuquerque native Garret Price.
These new lots bring the total number of lots delivered in the last 24 months to 1492, an unprecedented impact in the market. “To say it is great to see these lots delivered would be an understatement,” said Lana Smiddle, Executive Director of Home Builders Association of Central New Mexico. “We have growing industries here, and a growing need for quality homes. Garret and his team understand that and we’re grateful for their tireless work to help address the need. What they are providing accounts for 30 percent of the lots needed to meet the current demand.”
Since May 2017, Price has contributed significantly to healthy economic growth in the area while preserving the unmatched beauty of New Mexico. Additionally, in its nearly six-year history, Price has developed 69 acres of parks, trails and open space in the communities of Colibri, Aspire, The Trails, Los Diamantes PH 1, Jemez Vista and High Range. These communities feature desirable amenities including neighborhood parks, picnic ramadas, basketball courts and dog parks.
To learn more about how Price Land Development Group continues to preserve the beauty of New Mexico while contributing to healthy economic growth, visit pricedevgroup.com
About Price Land Development Group
Price Land Development Group (Price) is a consultancy and development company specializing in acquisition, entitlement and development of residential communities and residential / mixed-use master plans in New Mexico. Led by President, Garret Price, Price’s portfolio includes several quality master-planned communities including, Mariposa, The Trails, Los Diamantes and Colibri. Prior to forming PLDG in May 2017, Garret spent the previous 14 years as Vice President of PulteGroup’s land operations and was responsible for growing the New Mexico Division’s market share and profitability for their Centex, Pulte and Del Webb brands by utilizing aggressive growth through market and consumer segmentation. Learn more at pricedevgroup.com