August 13 2020- Director's Report

PROPERTY EVALUATION (RESTRICTED REPORT)

Based upon the CoStar search, average sales prices have also increased consistently in the subject’s market, rising from $2.50 per square foot to $18 per square foot. However, there were few sales listed on CoStar as smaller residential lots are primarily sold on the MLS. As a result, we have searched the MLS for land sales under 0.5 acres that have occurred since 2017.

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