Residential Land Prices Climb
Land sales decreased in the third quarter of 2019. A total of 349 acres were sold with a sales volume of $123.8 million and an average price of $8.14 per square foot.
>> Land sales decreased in the third quarter of 2019
>> Number of sales, acres sold and sales volume all decreased
>> Sales were dominated by commercial and residential land
This was a weaker performance than in the third quarter of 2018 in terms of acreage sold and sales volume, but an improvement in terms of price per square foot. Much of this difference can be put down to large sales of industrial land at Apex during the third quarter of 2018.
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