May 04, 2017 // Franchising.com // KANSAS CITY, Mo. - United Country Real Estate recently announced land sales showing double digit growth so far in the first quarter of 2017. This comes after a national decline in agricultural and cropland values over the past two years.
In addition to residential sales continuing its forward momentum, United Country is up more than 25 percent in overall land sales volume in the first quarter. This shows major progress after a less than impressive year for land in 2016. Some United Country offices are seeing the growth first hand, especially in states like California and Ohio.
“Here in California, buyers are still looking for the right deals,” said Tim Kruse, owner/broker for United Country Real Estate | Green Fields Real Estate of California. “Investors and farmers are looking to expand and add more to their inventory while some of the old-time land owners are looking to trim some of their assets. The values are strong for a seller and the opportunity is there for the buyer.”
A lot of the previous year’s land value declines came from a reduction in corn and soybean prices in 2014 and 2015, resulting in lower incomes for the nation’s farmers. But Doug Walton, owner/auctioneer of United Country Real Estate | Walton Realty & Auction Co. LLC in Ohio, said he has continued to have strong land sales in his market due to premium soil quality. Nationally, he said, it’s the resiliency of farmers everywhere that have made land sales bounce back.
“Farmers are the most optimistic people in the world,” said Walton. “We rely on the good Lord to give us water and sunlight. And nowadays, time doesn’t matter if there’s a good farm. If it’s a good farm and a good situation, it brings premium dollar. Being able to sell nearly three dozen farms in the past 18 months made me a believer that you can sell farm land any time of year.”
United Country CEO, Dan Duffy, expects the remainder of 2017 to continue to grow.
“We expect a steadily improving market albeit at recent muted levels,” said Duffy. “Buyers are eager and plentiful in all types of land properties from investment grade agriculture to recreational and development lots.”
For more information about United Country Real Estate, call 800-999-1020 or visit their website
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 500 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 650,000 opt-in buyers and additional proprietary programs to advertise properties more broadly.
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SOURCE United Country