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LAS VEGAS — The price of vacant land in Southern Nevada continues to drop, according to the Q1 '11 Southern Nevada Vacant Land Report. The report, which includes commentary from Nevada-based advisory service firm Applied Analysis, notes that non-resort property worth decreased to an average of $156,700 per acre in the first quarter of this year. This is a 6.3 percent drop over the fourth quarter of 2010, and a 14.1 percent drop over the first quarter of 2010. The report states that prices for non-resort land deteriorated by 83.3 percent from Q4 '07 to Q1 '10.