TAR: Gulf Coast and Brazos Bottom Texas small land prices TAR: Gulf Coast and Brazos Bottom Texas small land prices https://www.recenter.tamu.edu/news/newstalk-texas/?Item=7432015-06-18T08:38:00Z2015-06-15T00:00:00Z

REGION FIVE 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 Five is located to the southeast of the state and includes one of the largest Metropolitan Statistical Areas, Houston-Sugar Land-Baytown in addition to College Station-Bryan, Victoria and Beaumont-Port Arthur.

In this region, small land sales consist of land parcels 42 acres or smaller.

The Small land sales in Region Five skyrocketed in 2014, despite falling oil prices in last quarter 2014. Most of the small land sales in this region occur around the Houston metro area and, like Regions Four and Seven, are purchased by metro residents seeking a recreational property out of town.

To date, small land sales in Region Five have not been affected by the downturn of the oil and gas industry. However, it’s unclear what the long-term effect of lower oil prices will be on land sales in the future.

  • Region Five had 1,238 small land sales in 2014, a 34.16 percent increase compared to 2013.
  • The volume of small land sales for Region Five in 2014 comprised 23.43 percent of all small land sales statewide.
  • The median tract size in Region Five was 18 acres in 2014, a 10 percent decrease from 2013.
  • Average price per acre for Region Five was $9,167 per acre in 2014. This is a 0.31 percent decrease compared to 2013. Adjusted for inflation, this equates to $1,628* per acre.
  • Region Five had the highest 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 13 and 14.

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

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