Demand for small land purchases is big in Texas
06/01/2015 | Author: Editorial Staff
Much like the state's overall housing market, small land sales in Texas are seeing high demand, competitive market conditions, and robust sales and price growth. The Texas Association of REALTORS® released the 2015 Texas Small Land Sales Report today to offer a look into how this market has performed over the past year.
The definition of a "small" land tract varies across the state due to the variety in land characteristics. Here are a few statewide highlights from the report:
- 5,282 small land tracts were sold in Texas in 2014—a 20.69% increase from the previous year.
- The average price per acre increased 3.5% from last year to $5,018.
- Median tract size was 20 acres, which is unchanged from 2013.
Want to see how small land sales fared in your region? Click here to download the full report.
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