Land Sales Down in 2020
- Land sales were down for 2020 as a whole, but showed improvement in the fourth quarter
- The average sales price for land decreased while the number of sales increased
- Sales were dominated by commercial and residential land
Land sales in Southern Nevada in 2020 did not manage to keep pace with sales in 2019, though they remained at the elevated level that began in 2018. So far in 2020, a total of 3,287.4 acres was sold with a sales volume of $1,001.6 million at an average price of $6.99 per square foot. Sales in the fourth quarter was 545.6 acres with sales volume of $230.8 million, an improvement over the third quarter.
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