Clark County Aviation Auction Sets New High for Land Prices
The October 2024 Clark County Aviation Auction shattered expectations as all 12 sale units sold for an impressive total of $96,786,500—averaging over $1 million per acre and exceeding minimum bids by more than 25%. These results set a new high-water mark for single-family residential land, showcasing the soaring demand for raw land in Southern Nevada.
What does this mean for you? It’s great news for landowners. The auction results reflect the true market value of land, driven by limited supply and high demand. Savvy landowners are leveraging these trends by partnering with developers and allowing time for entitlements before closing, which can lead to premium prices. As raw land continues to rise in value, now is the time to consider strategies to maximize your property’s potential.
Landowners Unite to Create Prime Development Opportunity
7.11 Acres | $6,199,950 | $872,004 Per Acre | Durango & Pebble
A recent sale showcases the impact of a Multiple Property Alliance (MPA) in maximizing land value. Two landowners worked together to create a 7-acre contiguous site from three parcels. The MPA was critical in this case, as the larger landowner’s two parcels were non-contiguous. By cooperating with the middle parcel owner, they transformed fragmented parcels into a larger, high-demand development site that attracted strong buyer interest and secured a successful sale. This sale demonstrates how an MPA can help landowners maximize their profits.
Sunbelt Development & Realty Partners specializes in facilitating MPAs, helping landowners align with neighbors to turn individual parcels into highly desirable opportunities for developers.
Industrial Land Sale Spotlight
90.96 Acres | $31,000,000 | $340,809 Per Acre | 15 Min. North of Las Vegas
This recent industrial land sale in Apex, on the outskirts of Las Vegas, underscores the ongoing trend of businesses relocating to Nevada. The purchase reflects the steady economic growth of the region, particularly in North Las Vegas. With its business-friendly climate, strategic location, and strong infrastructure, Nevada continues to attract companies and fuel industrial demand.
