PROPERTY EVALUATION (RESTRICTED REPORT)
2017:
2018:
2019:
As one can see, average land prices have increased steadily since 2017 with the number of transactions also increasing. The average sales price was $53,992 in 2017, $65,139 in 2018, and $81,604 after the first four months of 2019. This represents an appreciation rate of 20.6% between 2017 and 2018 and an appreciation rate of 25.3% between 2018 and 2019. Below we have provided a graph depicting the appreciation of residential lots under 0.5 acres and within a four-mile radius of the subject.
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