30th Jul, 2012

2011 Sales of Texas Land and Ranches,Texas Hill Country Acreage

Sales of Texas Hill Country land and ranches reflected the national trend in 2011. More buyers are seeking smaller parcels of Texas Hill Country real estate for a variety of uses, whereas six years ago bigger was better.

Each of the Texas land markets service a diverse mix of land types. Buyers seek climates and soils ranging from native range land to timberland, irrigated cropland to horse ranches. Near Fredericksburg TX real estate are a variety of small/medium parcels of rich farmland, hunting ranches, recreational properties, vineyards, cattle ranches, and Texas horse properties.

In the July 2012 edition of “Tierra Grande: Journal of the Real Estate Center at Texas A&M University,” the team of authors reported a weakened demand in 2011 for transitional and development tracks. In addition, “recreational land buyers were scarce.”

The report divides Texas into several regions. Hill Country land sales were measured in Region 7 with Austin and Waco. More than 82 percent of the acreage in Region 7 is used for grazing. Many of those properties lie within real estate Hill Country. West Hill Country extends through Menard, Mason, and Kimble counties. Gillespie, Kerr, Kendall, Bandera, and Real counties are referred to as East Hill Country.

Continuing a four-year sales trend towards smaller properties, in 2011 the Region 7 Austin-Waco-Hill Country real estate sales reported a median 65 acres per transaction. The 1371 sales transactions recorded averaged $3109 per acre.

How did the other regions fair? The Panhandle and South Plains continues to see strong demand for crop land with prices at an all-time high of $946 per acre in 2011. About 77 percent of the total acreage in West Texas is dry cropland and range land. The average price was $1230 per acre.Far West Texas typically experiences low sales volume. Prices are higher for irrigated farmland than for desert range land in that arid region.
Rural land in Northeast Texas is selling at $2979 per acre. This land is used for recreational purposes, timber production, and grazing with a certain amount of demand coming from the growing urban areas. South Texas is comprised of large, sparsely populated areas with some timber and cropland and its own expanding urban development, especially in Houston. This Gulf Coast/Brazos Bottom region recorded the State’s highest price per acre in 2011 at $4837.

To find out about Texas Hill Country homes for sale, please call Dale E. Cook, MBA and owner of SAGE – Premium Texas Real Estate in Fredericksburg at (830) 992-0056.

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