The Land Lull Continues
- Sales activity in Southern Nevada was sluggish in Q3
- The average sales price increased while the number of sales decreased
- Sales were dominated by commercial and residential land
Land sales in Southern Nevada continued to slow down from the pace experienced in 2019. So far in 2020, a total of 2,741.8 acres was sold with a sales volume of $770.7 million at an average price of $6.45 per square foot. Sales in the third quarter was 377.2 acres with sales volume of $177.4 million.
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