Vacant Land Q3 2016

The number of vacant land transactions decreased approximately 30%. The quantity of high-priced land transactions contributed to the average and median sale price increases, up 26% and 18%, respectively. Approximately 22% of the transactions took place in the over $2 million price range. Vacant land inventory increased slightly, up about 6%. The average days on market for vacant land remained relatively unchanged
at 432 days.

vacantTransactions 76
% Change in Transactions from 2015 -30%
Minimum Price Sold $300,000
Maximum Price Sold $7,990,000 (ranch property)
Median Sale Price $945,000
Average Sale Price $1,395,036
Average Days on the Market 432
# Pending Transactions 18

View Last Year’s Quarter 3 Vacant Land Report