Non-Urban Real Estate, Land Sales Build Momentum in Spring, Early Summer
United Country Reports Double Digit Increases in Farm, Country Home Volume
July 31, 2014 // Franchising.com // KANSAS CITY, Mo. – United Country Real Estate, the largest seller of lifestyle and rural properties in the U.S., reported substantial gains in the first part of the year. Farms and country home sales volume realized extremely strong growth, experiencing double-digit increases, according to the global lifestyle property firm.
"It's clear non-urban real estate is going to continue to have strong sales again this year," said Jason Cole, chief financial officer of United Country Real Estate. "Spring and early summer numbers show an increase in the sales volume of farms at 38 percent and country homes over 6 percent year-to-date."
The sales volume numbers surge was not the only positive indicators for non-urban lifestyle property across the country. Buyers are also paying more for land and rural residential real estate in America.
"Both land and residential categories saw increases in sales price in addition to overall sales volume," Cole said. "We saw an increase of 7 percent on land prices and 7.4 percent in residential. Commercial property in the non-urban areas of the nation has also shown continuing signs of improvement. Vacant land and commercial categories showed an increase in both sales volume and average sales price."
These increases are underscoring the overall long-term strength in lifestyle and rural real estate according to Mike Duffy, president of United Country Real Estate, due to the stability of America's more rural sections of the nation.
"Non-urban lifestyle markets have a special characteristic not common in the much more volatile urban markets," Duffy said. "As a class, rural housing, land and other lifestyle properties possess the unique quality of much more stability – not experiencing the degree or number of extreme highs and lows of the urban market. This makes country homes and lifestyle real estate much more predictable and less volatile investments than most of their urban counterparts."
For more information on United Country, visit UnitedCountry.com.
About United Country Real Estate
United Country Real Estate, a division of the United Real Estate Group, is the leading fully integrated network of conventional and auction real estate professionals globally. The company has been an innovator in real estate marketing since 1925. United Country supports nearly 600 offices and 5,000 real estate professionals across four continents, with a unique, comprehensive marketing program that includes one of the largest portfolios of property marketing websites, the largest real estate marketing services company, an extensive buyer database of nearly 550,000 opt-in buyers and international advertising of properties.
SOURCE United Country Real Estate