'Get away from it all' drives Texas small land sales'Get away from it all' drives Texas small land saleshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=40072014-06-05T08:22:00Z2014-06-05T07:00:00Z

TEXAS - Last year was a good year for those brokers specializing in land deals, according to a new report released by the Texas Association of Realtors (TAR) — the 2014 Texas Small Land Sales Report.

In particular, the desire to find land to “get away from it all” accounted for most of the land deals in South Texas. Statewide, 4,189 small-land deals closed in 2013, according to the report.

Across Texas, three factors were the drivers for these deals — individual buyers, investors and industry.

In region six, the region that encompasses South Texas — including the cities of Laredo, Corpus Christi, McAllen, Brownsville and San Antonio, there were 437 land sales.

These transactions accounted for 10.4 percent of all small-land sales statewide. The average price per acre was $7,159 — the second-highest price per acre in the state.

“The same things driving demand for residential real estate — jobs and affordability — are driving small land sales in Texas,” observes TAR Chairman Dan Hatfield. “Texans are looking for vacation properties, industries are looking to support their operations and investors are looking for new development opportunities.”

The analysis is based on information provided by the Real Estate Center at Texas A&M University in College Station.

Read more at the San Antonio Business Journal. See the full report from the Texas Association of Realtors.

San Antonio Business Journal
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