The Land Tsunami of 2018
Southern Nevada’s land market recorded a very strong 378 sales in 2018, more than in any year since 2014. A total of 4,464 acres were sold with a sales volume of $1.2 billion and an average price of $6.16 per square foot – the most acres sold in seven years and the highest sales volume in seven years. In all, 2018 was the strongest year of land sales in Southern Nevada since the Great Recession, and was likely spurred on by the frenzy of new construction taking place in the Valley.
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