{"id":70072,"date":"2019-07-02T11:00:00","date_gmt":"2019-07-02T15:00:00","guid":{"rendered":"https:\/\/hispanicprwire.com\/english-texas-small-land-sales-volume-median-price-increase-in-2018-total-dollar-volume-tops-1-billion-for-second-straight-year\/"},"modified":"2019-07-02T11:03:12","modified_gmt":"2019-07-02T15:03:12","slug":"el-volumen-de-ventas-y-precio-medio-de-terrenos-pequenos-en-texas-aumentaron-en-2018-el-volumen-total-en-dolares-supera-los-1-mil-millones-por-segundo-ano-consecutivo","status":"publish","type":"post","link":"https:\/\/hispanicprwire.com\/en\/el-volumen-de-ventas-y-precio-medio-de-terrenos-pequenos-en-texas-aumentaron-en-2018-el-volumen-total-en-dolares-supera-los-1-mil-millones-por-segundo-ano-consecutivo\/","title":{"rendered":"Texas small land sales volume, median price increase in 2018; total dollar volume tops $1 billion for second straight year"},"content":{"rendered":"<p><\/p>\n<style type=\"text\/css\"><![CDATA[\n\/* Style Definitions *\/\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n]]><\/style>\n<div class=\"xn-content\">\n<p><span class=\"xn-location\">AUSTIN, Texas<\/span>, <span class=\"xn-chron\">July 2, 2019<\/span> \/PRNewswire-HISPANIC PR WIRE\/ &#8212;\u00a0Texas small land sales volume and median price experienced strong gains in 2018, while total dollar volume topped <span class=\"xn-money\">$1 billion<\/span> for the second year in a row, according to the 2019 edition of the <i><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2514543-1&amp;h=1471291607&amp;u=https%3A%2F%2Fwww.texasrealestate.com%2Fwp-content%2Fuploads%2F2019TexasSmallLandSalesReport.pdf&amp;a=Texas+Small+Land+Sales+Report\" rel=\"nofollow\">Texas Small Land Sales Report<\/a><\/i> released today by Texas Realtors. <\/p>\n<div id=\"prni_dvprnejpg63cfleft\" style=\"WIDTH: 100%; TEXT-ALIGN: left\" dir=\"ltr\"><img decoding=\"async\" id=\"prnejpg63cfleft\" title=\"Texas Association of Realtors logo.\" border=\"0\" alt=\"Texas Association of Realtors logo.\" align=\"middle\" src=\"https:\/\/mma.prnewswire.com\/media\/175272\/texas_association_of_realtors_logo.jpg\" imagelabel=\"General\"\/><\/div>\n<p>&#8220;The demand for <span class=\"xn-location\">Texas<\/span> land continues to increase due to strong population and economic growth,&#8221; said <span class=\"xn-person\">Tray Bates<\/span>, chairman of Texas Realtors. &#8220;Development and prime land investment opportunities remained a steady force, increasing the price per acre and impacting the quality of land available. Overall small land sales in 2018 experienced strong growth, particularly in <span class=\"xn-location\">West Texas<\/span> due to a surge in oil and gas production and in the Gulf Coast area due to recovery activity from Hurricane Harvey.&#8221;<\/p>\n<p>The report found that the number of small land sales grew in many regions. Small land sales in <span class=\"xn-location\">West Texas<\/span>, Gulf Coast-Brazos Bottom and <span class=\"xn-location\">Austin<\/span>\/<span class=\"xn-location\">Waco<\/span>\/Hill Country all experienced double-digit percentage gains in 2018. Conversely, small land sales volume in the Panhandle and South Plains, <span class=\"xn-location\">Northeast Texas<\/span> and <span class=\"xn-location\">South Texas<\/span> regions all experienced declines.<\/p>\n<p>The definition of a &#8220;small&#8221; land sale varies by region but is generally a land sale of 200 acres or less. The exception is Far West Texas, where 500 to 8,000 acres qualifies as a small land sale. <\/p>\n<p>For the sixth straight year, <span class=\"xn-location\">Texas<\/span> recorded a statewide increase in small land sales volume, with sales increasing 5.9% annually to 8,036 tracts sold. The average price per acre grew 5.13% year-over-year to <span class=\"xn-money\">$5,804<\/span> an acre. For the second year in a row, total dollar volume topped <span class=\"xn-money\">$1 billion<\/span> for a total of <span class=\"xn-money\">$1,146,758,167<\/span>. <\/p>\n<p><span class=\"xn-person\">Charles Gilliland<\/span>, Ph.D., economist with the Real Estate Center at <span class=\"xn-org\">Texas A&amp;M University<\/span>, commented, &#8220;Statewide, smaller properties are growing in popularity with many being purchased as an expansion of a larger property, especially in sub-markets right outside of the large metro areas. With housing prices increasing statewide, there is demand for more subdivision developments, and, thus, more tracts are being purchased for pre-development.&#8221;<\/p>\n<p>The report also revealed the average tract size for small land sales in <span class=\"xn-location\">Texas<\/span> decreased 8.3% to 33 acres. The Panhandle and South Plains, and the Gulf Coast-Brazos Bottom were the only regions that experienced increases in average tract size, growing 29% and 5.5%, respectively.<\/p>\n<p>Bates\u00a0concluded,\u00a0&#8220;The <span class=\"xn-location\">Texas<\/span> small land sales market remains a competitive sector of <span class=\"xn-location\">Texas<\/span> real estate. More and more investors are choosing <span class=\"xn-location\">Texas<\/span> to make small land purchases due to our friendly business environment, booming economy and wealth of land opportunities. We expect investments in small land for subdivisions or mixed developments will continue, spurring more economic growth across the state as well as attracting more investors.&#8221; <\/p>\n<p><b>About the 2019 Edition of the Texas Small Land Sales Report<br \/><\/b>The <i>Texas Small Land Sales Report<\/i> analyzes small land sales data and trends across seven regions of <span class=\"xn-location\">Texas<\/span> utilizing survey data aggregated by the Real Estate Center at <span class=\"xn-org\">Texas A&amp;M University<\/span>. Texas REALTORS\u00ae distributes insights about the <span class=\"xn-location\">Texas<\/span> real estate market each month, including quarterly market statistics, trends among homebuyers and sellers, luxury home sales, international trends, and more. To view the <i>Texas Small Land Sales Report<\/i> in its entirety, visit texasrealestate.com.<\/p>\n<p><b>About <span class=\"xn-location\">Texas<\/span> <\/b><b>REALTORS\u00ae <br \/><\/b>With more than 125,000 members, Texas REALTORS\u00ae is a professional membership organization that represents all aspects of real estate in <span class=\"xn-location\">Texas<\/span>. We are the advocate for REALTORS\u00ae and private property rights in <span class=\"xn-location\">Texas<\/span>. Visit texasrealestate.com to learn more. <\/p>\n<p>CONTACT: <span class=\"xn-person\">Morgan Moritz<\/span>, 512-448-4950, <a target=\"_blank\" href=\"mailto:mmoritz@piercom.com\" rel=\"nofollow\">mmoritz@piercom.com<\/a>\u00a0<\/p>\n<p>Logo &#8211; <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2514543-1&amp;h=3640641508&amp;u=https%3A%2F%2Fmma.prnewswire.com%2Fmedia%2F175272%2Ftexas_association_of_realtors_logo.jpg&amp;a=https%3A%2F%2Fmma.prnewswire.com%2Fmedia%2F175272%2Ftexas_association_of_realtors_logo.jpg\" rel=\"nofollow\">https:\/\/mma.prnewswire.com\/media\/175272\/texas_association_of_realtors_logo.jpg<\/a> <\/p>\n<p>SOURCE  Texas REALTORS<\/p>\n<\/div>\n<p> <\/p>","protected":false},"excerpt":{"rendered":"<div class=\"xn-content\">\n<p><span class=\"xn-location\">AUSTIN, Texas<\/span>, <span class=\"xn-chron\">July 2, 2019<\/span> \/PRNewswire-HISPANIC PR WIRE\/ &#8212;\u00a0Texas small land sales volume and median price experienced strong gains in 2018, while total dollar volume topped <span class=\"xn-money\">$1 billion<\/span> for the second year in a row, according to the 2019 edition of the <i>&lt;a target=&quot;_blank&quot;&#8230;<\/p>\n","protected":false},"author":1,"featured_media":70073,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-70072","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-negocios-y-finanzas"],"acf":[],"_links":{"self":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/70072","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/comments?post=70072"}],"version-history":[{"count":0,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/70072\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/media\/70073"}],"wp:attachment":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/media?parent=70072"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/categories?post=70072"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/tags?post=70072"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}