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TAR:South Texas small land pricesTAR:South Texas small land priceshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=7462015-06-17T11:50:00Z2015-06-15T00:00:00Z

REGION SIX 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 by the Texas Association of Realtors.

Region Six is located in southernmost Texas, encompassing the Metropolitan Statistical Areas for San Antonio, Laredo, Corpus Christi, McAllen-Edinburg-Mission and Brownsville-Harlingen.

It is bordered by the Gulf of Mexico to the east and Mexico to the west. In this region, small land sales consist of land parcels 44 acres or smaller.

If there was one Texas region that should have been impacted by the fall of oil prices in 2014, Region Six would have been it as it is home to the Eagle Ford Shale. However, small land sales throughout the region were strong throughout 2014.

Region Six continued to post healthy price increases in 2014, driven by growing demand and economic development throughout the Eagle Ford Shale.

  • Region Six had 491 small land sales in 2014, a 10.99 percent increase compared to last year.
  • The volume of small land sales for Region Six in 2014 comprised 9.29 percent of all small land sales statewide.
  • The median tract size in Region Six was 19 acres in 2014, a five percent decrease from 2013.
  • Average price per acre for Region Six was $7,500 per acre in 2014. This is a 4.76 percent increase compared to 2013. Adjusted for inflation, this equates to $1,332* per acre.
  • Region Six had the fourth-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 15 and 16.

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

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