Residential Land Sales Boom
- Residential sales stimulated land demand in 21q3
- Sales volume nearly doubled from last quarter
- Highest land sales volume in a decade
Single family residential sales are hot in Las Vegas, and land sales in the third quarter of 2021 reflect this, with residential zoned land sales hitting their highest level in a decade. This quarter, 1,551.7 acres of land were sold with a sales volume of $679.9 million at an average price of $10.06 per square foot.
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