Real Estate At A Glance: Land sales through March | SummitDaily.com
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Real Estate At A Glance: Land sales through March

Chuck Leathers
Special to the Daily

Land sales though April are showing some signs of life. More land sold in the first four months of this year than had since 2008. The average price is about half of last year’s to date, however, as two large sales influenced early averages in 2010. A handful of spec homes are being built right now, signaling better times to come for land.

The inventory of property for sale continues at about 1,850. In 2009 and 2010, there were well over 2,200 listings for sale by this time.

June 2008… the last time 11 lots sold in one month in the first half of the year.

4… the number of lots sold in March of 2009.

Chuck Leathers is the broker/owner of Chuck Leathers Real Estate Co. He can be reached at (888) 485-2300 or e-mail him at ChuckLeathers@Realtor.com.


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