Land Activity Slows
- Sales activity of land in Southern Nevada slowed to its lowest level in three years
- The average sales price of land decreased in the second quarter of 2020
- Land sales were dominated by residential and industrial land
After a robust first quarter, pandemic woes sent land sales activity much lower in the second quarter of 2020. A total of 862.5 acres was sold with a sales volume of $123.8 million at an average price of $3.30 per square foot. This brings land sales activity year-to-date in 2020 to 2,364.8 acres with sales volume of $593.4 million.
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