Ranches For Sale Market Update
We believe the land and ranch for sale market as a whole is beginning to rebound from the price corrections of the last couple years. In the peak of the market in 2007, buyers had money to spend and were spending freely, driving ranch prices to peak levels and giving sellers unrealistic expectations of what their ranch property for sale was worth. The second half of 2008 to present time has been slow in the ranchland for sale market overall with less transactions and sale prices substantially discounted from the ranch market’s peak in 2007. In our opinion, the hardest type of property hit has been the “resort ranch” where the majority of the property’s value is derived from its close proximity to resort towns. Our specialization, fishing and hunting ranches for sale, have not been affected nearly as much.
We are gearing up for a busy summer season and would love the opportunity to earn your business. Please take the time to review our western ranches for sale, and let us know if you have any questions.