Market Snapshot 2021 Q3: Vacant Land

  • The Gillespie Real Estate Team
  • 11/4/21

With the significant lack of single-family home availability, building becomes the only viable option driving up Vacant Land sales. Transactions rose 34% to 121 and sales volume increased a whopping 80% to $353M YTD 2021 vs. 2020. Land sales in the $2M to $5M range experienced an uptick from 19 to 36 parcels. There is a significant reduction in inventory at the time of this report down 19%. Pending listings are significantly down to a total of only 8 as land parcel sales closed quickly in Q3 2021. VIEW FULL MARKET REPORT

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