Las Vegas Valley homebuilders bought at least 74 acres of public land at auction this week, another sign of the region’s increased appetite for new housing.The Bureau of Land Management on Tuesday offered about 134 acres of land through a sealed bid auction and sold 109 acres for $21.4 million. The remaining land did not receive bids.The property sold is undeveloped desert in the southwest valley near the Mountain’s Edge master-planned community, said the BLM’s Karla Norris, assistant district manager for the Southern Nevada Public Land Management Act.Homebuilders snapped up at least 73.75 acres: D.R. Horton bought 51.25 acres for $9.4 million and Pardee Homes got 22.5 acres for $4.6 million, according to the BLM.
via BLM auction another possible sign of housing recovery – VEGAS INC.
No comments:
Post a Comment