Land for Multifamily and Housing Gobbled Up in Nevada

By
Industry Observer

As I drove around in the region with clients, I noticed that there are less and less available land within city limits for multifamily and single family developments. Lands bought are quickly launching the process as if the planning have been done long before acquiring the land.

This is what happened with this land I posted about just a few weeks earlier. Escrow will be closing shortly and planning and parceling should start as early as September.

Original Post

I am keeping an eye on it as it is located in a very favorable location and as soon as they start breaking ground, it is expected to sell fast. Especially when they complete the Southeast Connector that leads traffic through from Sparks, NV all the way down to South Reno in to Mt. Rose Hwy that takes you up to Lake Tahoe.  A nice big road with at least three lanes in both directions.

Posted by

Maria Gerlinger, MBA

Broker Salesperson

BS.144437

Direct: 775.232.5690

Email: maria@gerlingers.com

Web: www.mariagerlinger.com

Comments (2)

Abby Stiller
REMAX Realty Group - Cape Coral, FL
Professional Bilingual Realtor (239) 284-8637

Good blog and beautiful pic btw

Apr 06, 2016 01:01 PM
TeamCHI - Complete Home Inspections, Inc.
Complete Home Inspections, Inc. - Brentwood, TN
Home Inspectons - Nashville, TN area - 615.661.029

 Good morning Maria Gerlinger  I think all of the prime development land is being gobbled up as cities expand

Apr 06, 2016 06:11 PM