Clark County Land Sales 2017

As a Clark County and Nye County Nevada vacant land broker and appraiser I try to track what is going on in the markets and submarkets.  The following grapich displays my best available historical and current data on southwest Las Vegas vacant land sales, I have displayed the sales by 4 zoning categories, but I keep the data for more categories including R-3 or 18 DUPA and R-4 or 24 DUPA.

 

land2017.jpg

 

It's not difficult to interpret, the market for each zoning category is increasing in value but the increases are somewhat slower when compared to the explosive years between 2002 and 2006 period.  Not displayed are the R-3 and R-4 zoning categories that displayed some of the strongest residential increases and it is obvious that the commercial zoned properties appered to be the strongest in 2017.

Vacant land market value has a lot to do with the location, size, zoning, planning, offsite development (infrastructure), onsites and as discussed, the supply and demand for land.

The graph is based on a study of the southwest market conducted and updated periodically by the appraiser / broker.  It does not include all vacant land sales but it includes hundreds of them and the appraiser keeps the sales detail in an Access file and Excel files for quick reference.

For more information contact Glenn J. Rigdon, MA, MRICS, ASA at grigdon@cox.net who is a Las Vegas / Henderson based real estate broker and commercial appraiser who can be contacted via email or via his business website at http://www.horizonvillagerealty.com/.  Also check out http://www.appraisalarticles.com for additional information on appraisal related topics.


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