Texas land prices up again

Friday, April 20, 2012 - 1:14pm

San Antonio — Buying a slice of Texas just keeps getting more expensive.

The average price of a Texas acre rose to $2,150 in 2011, up 3 percent over the previous year, according to the Real Estate Center at Texas A&M University, which Thursday kicked off its annual two-day Outlook for Texas Land Markets conference in San Antonio.

Land prices have been rising generally since the 1990s. Prices swooned slightly in 2009 with the recession and still haven't regained 2008's statewide average per-acre cost of $2,247.

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