TAR: Far West Texas small land pricesTAR: Far West Texas small land priceshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=6952015-06-17T12:09:00Z2015-06-17T07:20:00Z

REGION TWO LAND - Small land sales throughout Texas posted double-digit growth and average price per acre showed strong increases statewide last year, according to the 2015 Texas Small Land Sales Report released by the Texas Association of Realtors.

Region Two encompasses West Texas and contains the El Paso Metropolitan Statistical Area. Region Two is home to the four largest counties in the state — Brewster, Hudspeth, Presidio and Culberson.

For this reason, small land sales consist of land parcels between 500 and 8,000 acres.

Because of its large tract sizes and limited number of small land sales reported each year, Region Two typically shows significant variances in both small land sales growth and price per acre from year-to-year.

The price per acre as well as the median tract size for small land sales in Region Two also showed strong variances in 2014 compared to 2013.

  • Region Two had 35 small land sales in 2014, a 40 percent increase compared to 2013.
  • The volume of small land sales for Region Two in 2014 comprised 0.66 percent of all small land sales statewide.
  • The median tract size for small land sales in Region Two was 120 acres in 2014, a 54.16 percent increase from 2013.
  • Average price per acre for Region Two was $1,635 per acre in 2014. This is a 47.24 percent decrease compared to 2013. Adjusted for inflation, this equates to $290* per acre.
  • Compared to the rest of the state, small land tracts in Region Two cost significantly less. Region Two had the lowest price per acre in the state in 2014.

*Adjusted figures are in 1966 dollars

For the full report, see 2015 Texas Small Land Sales Report with counties (PDF) pages 7 and 8.

Texas Association of REALTORS
El Paso
https://www.texasrealestate.com/uploads/files/general-files/2015TexasSmallLandSalesReport.pdfRead more at {Source}

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