Volumes, Values and Emerging Trends - 11/12/09 03:12 PM
Volumes: Land sales volumes appear to have stabilized, hovering around 50% off from the peak in 2006 - 2007, on average over the entire Midwest region. Anecdotal evidence in the land market indicates we are seeing stabilized volumes now, suggesting we may have formed a bottom in terms of land sales volumes. Second, the developer and the leveraged speculator are fully out of the land buyer marketplace given the supply/demand imbalance of development product and the difficulties with obtaining credit. Much of the decrease in sales volumes (25-30%) is directly attributed to the absence of the developer and leveraged speculator, again … (0 comments)

 

Jeff Garrett

Spearfish, SD

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Dakota Properties

Address: 1230 N Ave. Suite 6, P.O. Box 1059, Spearfish, SD, 57783

Office Phone: (605) 717-1000

Cell Phone: (605) 641-0574

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