LAND: THE BIG PICTURE

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Posted on September 25, 2017
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By Michael Price, ALC

We are halfway through 2017 and local/regional markets remain strong. Land sales and pricing remain at healthy levels over the first half of the year, but where do we go from here?

 Bar Chart  Home_Residential

OVERALL TRENDS

RESIDENTIAL DEVELOPMENT

Many people wonder are we entering a period of slowing growth or are we gearing up for another increase? The more common sentiment in the market is that we are moving forward at a manageable rate of growth with respect to land prices.

 

Two areas of focus for this market are land for residential development and multifamily (for-rent) development. Residential land has continued a steady growth pattern as resale inventory remains low and new home sales have remained strong in SWFL. Can we continue this track?

 

 Dump_Truck ALC_Video

MULTI-FAMILY DEVELOPMENT

THE REALTORS® LAND INSTITUTE

Multi-family land has experienced rapid growth over the last few years, with thousands of new units being planned and brought to market in Lee and Collier counties, but can this trend continue? According to multiple sources, Southwest Florida remains high on the list of fastest-growing areas in the country. The REALTORS® Land Institute is the acknowledged leader for all matters pertaining to the land real estate profession. RLI is the essential membership organization for the extraordinary real estate professionals who broker, lease, sell, develop and manage our most precious resource: the land.

 

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