Land Sales Surge in 2021
- Land sales shifted to commercial and industrial in 21q4
- Sales volume reached $1.91 billion in 2021
- Land prices continued to increase
Residential land sales receded in the fourth quarter, but commercial land took up the slack. Prices remained high for industrial and residential land, but commercial land registered a notable decrease in prices. Land sales for 2021 totaled 4,208.5 acres, with a sales volume of $1.91 billion at an average price of $10.44 per square foot.
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