Land Sales Lead Growth in Lifestyle(1) Real Estate Market
May 21, 2015 // Franchising.com // KANSAS CITY, Mo. – Land sales continue to show strong growth and stability in 2015. United Country is reporting a large increase in land sales volume driven by a 68-percent rise in recreational land and a 17-percent increase in vacant land in the first quarter of this year. Recreational land includes properties purchased primarily for outdoor activities such as hiking, camping, hunting, fishing, 4-wheeling, horseback riding, watersports and nature conservation. Vacant land represents future development opportunities for residential, commercial or other investment uses.
“We have seen strong performance in land sales over the recent years,” said Mike Duffy, president of United Country Real Estate. “In 2015, farms, ranches, development and recreational land have continued to show steady sales volume and price increases. Buyers want to put their money into tangible assets that have proven to grow in value, are many times income-producing, and that provide for desired lifestyle activities. Interestingly as the economy improves, more Americans spend discretionary dollars for recreational and conservation land. These numbers reinforce the fact that land is, has been – and always will be – a useful and sound investment.”
The lifestyle and rural real estate firm has also seen an increase in the sale of country homes in early 2015. “Sales volume of homes outside of major metropolitan cities increased four percent over the first quarter of 2014,” said Jason Cole, chief financial officer for United Country Real Estate. “Additionally, our nearly 600 offices are realizing continued growth across all property types so far his year. As interest rates remain low, consumer confidence rises, the economy improves and more baby boomers retire, pent up demand for real estate has fueled market activity.”
“We fundamentally believe the overall economy and market are strong, stable and supportive of continued growth throughout 2015,” Duffy said. “With a majority of Americans wanting to eventually own a second home, vacation property, a farm, ranch or destination retirement home, combined with those who already own and operate on properties in the country and in lifestyle markets, we will continue to experience steady demand.”
For more information about United Country Real Estate, call 800-999-1020 or visit their website at 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. The company has been an innovator in lifestyle and country 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. The exclusive program includes the highest ranked and largest portfolios of specialty property marketing websites, unequaled national print advertising, the largest internal real estate advertising agency, an extensive buyer database of more than 500,000 opt-in buyers and additional proprietary programs to advertise properties more broadly.
(1) Lifestyle property includes small city, town, retirement, recreational (hunting, fishing, equine, ski, etc.), vacation, waterfront, coastal, mountain, ranch, farm, land and all other real estate outside of urban markets.
2820 Nw Barry Road, Kansas City, Mo 64154
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