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Texas small land sales volume declines in 2019, while price per acre increases

Texas REALTORS® releases the latest edition of Texas Small Land Sales Report

2020年6月18日-奥斯汀

After six years of growth, Texas small land sales volume declined in 2019, while median price increased, 根据 2020年版 Texas Small Land Sales Report released today by Texas REALTORS®.

的 number of small land sales declined 2.8%, with 7,813 tracts sold across the state. 的 average price per acre grew 7.32%至每英亩6232美元.

“This comparison of 2018 to 2019 would have been an invaluable trending tool just a few months ago, but given the potential market shifts caused by COVID-19 and its response, it will instead be used more as a benchmark to gauge impact,Cindi Bulla说, chairman of Texas REALTORS®. “的re are many possibilities for the future of small land sales in Texas. 目前, it appears small land sales purchases will include residential migrations from more dense metropolitan areas, continued rural and suburban development and increased demand for manufacturing, shipping and warehousing sites.”

的 number of small land sales declined in many regions across the state, including the Panhandle and South Plains, 远西德州, 德克萨斯州东北部, Gulf Coast-Brazos Bottom and Austin/Waco/Hill Country. West Texas experienced a double-digital percentage increase while South Texas experienced a moderate increase.

的 report also revealed the average tract size for small land sales in Texas decreased 3% to 32 acres. 远西德州, 德克萨斯州东北部 and South Texas all experienced increases in average tract size. 的 average tract size of Austin/Waco/Hill Country remained unchanged year over year.

查尔斯·吉利兰博士.D., economist with the Real Estate Center at Texas A&米大学, 评论, “Property movement statewide was pretty comparable from 2018 to 2019 with the exception of the Panhandle. 的 significant increase in prices is most likely attributed to the large amount of activity from the oil and gas industry. 然而, the 2020 picture for small land sales in Texas will be significantly different due to the COVID-19 pandemic.”

的 definition of a “small” land sale varies by region but is generally a land sale of 200 acres or less. 的 exception is 远西德州, where 500 to 8,000 acres qualifies as a small land sale.

布拉主席总结道, “的 Lone Star State continues to pride itself on its business-friendly public policy, 一个稳定的, abundant workforce and plenty of land for those who value homesites with a little elbow room. 然而, similar to the residential real estate side of the industry, time will tell the impact of COVID-19 on small land sales in Texas.”

About the Texas Small Land Sales Report

的 Texas Small Land Sales Report covers trends in land sales across seven regions of Texas through a combination of small land sales data provided by the Real Estate Center at Texas A&米大学 and insights from Texas REALTORS® with expertise in land sales in those regions. Texas REALTORS® distributes insights about the Texas housing market each month, including quarterly market statistics, trends among homebuyers and sellers, 豪宅销售, 国际趋势, 和更多的.