Southern Nevada's land market saw 267 sales in 2017, the fewest since 2012. A total of 2,135 acres were sold in 2017 with a sales volume of $595.6 million and an average price per square foot of $6.40. Sales volume was lower in 2017 than in 2016, and was the lowest land sales volume recorded since 2012, when the Valley was still coming out of the Great Recession. Land sales were boosted in 2016 by large sales in Apex, which also had the effect of decreasing the average price per square foot to $3.72. The BLM auction this year resulted in 63.75 acres sold for $15.4 million. The agency put 81.25 acres up for auction.