Land sales in the area are different
In 2013 in the first 8 months we sold 10 parcels of land. This does not include farms. We sold 10 parcels of lots and acreage for a total value of $77,850. The average price was $7,785, the Median price was $5,750 and the average Days On The Market was 441.
In 2014 we sold 7 parcels of lots and acreage for a total value of $106,300. The average price was $15,186, the Median Price was $6,000 and the average Days On The Market was 376.
Land sales have been very slow, so if you have land listed for sale, be patient. Especially if these are small parcels in the Deming Ranchettes or Sunshine Valley Ranchettes. At this time we have 234 listings listed between $500 and $10,000. At 10 sales a year that is a 20 year supply. Another thing you need to be aware of is that if you have multiple land listings on one tax bill that will necessitate a “break out” which means you will have to pay the taxes in advance on that tax bill at the time of sale.
This post in no way implies the opinion of any group or organization. These are my interpretations only!