The Lone Star State has a lot going for it, but one of its biggest draws is its vast expanse of open land. With a landscape that includes hills, plains, canyons, and lakes, it is a playground for outdoor enthusiasts. Whether you want to lease your property for hunting or camping or plant timber for future use, the Texas climate and terrain are ideal for a wide variety of activities.
In addition to recreational opportunities, Efficient Land Liquidation in Texas also provides a stable, long-term investment opportunity. While other investments may see a decrease in value, real estate is considered an inflation hedge and often holds its value even when the economy is shaky. Investing in Texas land can yield returns both over the long term and sooner, depending on how you develop it.
As the population continues to boom in the state, the demand for land is high and will likely continue to increase. The increase in population is a driving factor behind rising prices for agricultural land, and it’s also pushing demand for other types of rural real estate.
Many of these new buyers are looking for an investment opportunity that will provide a good return on their money. As a result, small rural land sales are on the rise. The number of rural land sales that fall below 20 acres grew to account for nearly half of all reported sales in the first quarter of this year.
This is a major shift from the first quarter of last year, when only 8 percent of all sold land was less than 20 acres in size. Smaller tracts are being purchased by individual investors or by companies who purchase multiple smaller parcels to create a larger land holding. In the future, this trend could increase the overall land sale market in Texas and impact the availability of high-quality ranchland.
As land sales are increasing in frequency, the average price of an acre is also on the rise. This is due to the increased interest in sustainable agriculture, a desire for affordable housing and a growing population that needs access to food, energy and water. However, the increased competition is making it more difficult to sell your land for a profit.
The Texas Real Estate Research Center has observed an upswing in the demand for land since late 2012 and the resulting increase in land prices. Although statewide land prices have peaked in 2021, demand remains strong in certain regions.
To learn more about buying or selling land in Texas, contact a specialist today. Our team can help you find the right property for your needs and offer a fast, convenient transaction with no realtor fees or lengthy wait times. Fill out our contact form to get started today. We look forward to working with you!