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2021 Q3 Las Vegas Land Market Research Report

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Residential Land Sales Boom

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  • 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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2021 Q3 Las Vegas Land Market Research Report

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John Stater

Research Manager

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John has managed the research and GIS (Geographic Information Services) departments at Colliers’ Las Vegas office for more than two decades. During that time he has been collecting, analyzing and reporting on the commercial real estate market of Las Vegas, NV, building the research department at Colliers International's Las Vegas from the ground up, establishing a database of properties, availabilities and lease and sales comps with over 20,000 records covering the industrial, office, retail, land, multifamily, hospitality, medical office markets, as well as Southern Nevada's economy in general. He also writes for the Vegas CRE Insider blog. As his office's GIS manager, he produces local, regional and national maps.

In his spare time, John writes, designs and publishes games and does freelance work in the game industry and economic research.

 

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Aaron and his  team provide best in class service and results to their clients, including owners, occupiers, investors and developers.  The team accomplishes this through dedication to the constant pursuit of improvement, and by creating unsurpassed intellectual capital within the market.

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