Tuesday, February 22, 2011

2010 saw increase in land sales as prices continued to fall

More land traded hands in 2010 than it has since the recession began, but prices continued to plummet, according to a Las Vegas research firm.

Applied Analysis said the 2,113 acres of land was transferred in 2010, a 32 percent increase over 2009 when 1,623 acres was sold. Despite the increase, which in part was attributed to lenders taking back ownership of properties, the sales levels are one-quarter of what they were five years ago.
Read more... http://www.lasvegassun.com/news/2011/feb/21/2010-saw-increase-land-sales-prices-continued-fall/

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