Capital City Vacant Land Selling Prices Continue to Rise

The median selling price of vacant land continued to climb in capital city markets throughout 2016 while in regional areas prices have fallen.  The other big shift over the past 12 months has been the fairly significant increase in lot sizes after they have trended lower over many years.

Throughout 2016, the median selling price of capital city vacant land was recorded at $253,000 while across the combined capital cities it was recorded at $151,000.  Over the past year, median land…