TAR June 2015: Central Texas small land prices

REGION SEVEN – 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.

Region Seven forms the central core of Texas, encompassing the Metropolitan Statistical Areas for Austin-Round Rock-San Marcos, Killeen-Temple-Fort Hood and Waco in addition to the Texas Hill Country and the Highland Lakes system.

In this region, small land sales consist of land parcels 49 acres or smaller.

Central Texas’ growing urban population has shown little signs of slowing down, making small land sales popular in 2014. Once again, Region Seven had the highest small land sales volume in Texas.

The small land sales market in Region Seven is competitive and price per acre for small land tracts has shown strong gains for the last several years. Heavy land sales activity has spread beyond the Austin area to surrounding counties.

• Region Seven had 1,722 small land sales in 2014, a 19.16 percent increase compared to last year.

• The volume of small land sales for Region Seven in 2014 comprised 32.6 percent of all small land sales statewide.

• The median tract size in Region Seven was 20 acres in 2014, a 4.76 percent decrease from 2013.

• Average price per acre for Region Seven was $7,764 per acre in 2014. This is a 12.51 percent increase compared to 2013. Adjusted for inflation, this equates to $1,379* per acre.

• Region Seven had the second-highest price per acre in the state in 2014.

• Region Seven comprised 32.6 percent of all small land sales in Texas in 2014.

*Adjusted figures are in 1966 dollars.

See Texas Association of Realtors full report at 2015 Texas Small Land Sales Report with counties (PDF) pages 17 and 18.