Country By Regions
Region 3 Reported Average Sales Close to 100 Acres
As you can see most participants reported 2 -3% Increases
The chart above shows Increase/Decrease By Land Type and by far most reported 0 - 5% Increases
Now, Who is Buying? Generally speaking Corporations are buying development and commercial properties. Families and Individuals are buying ranches and recreational properties. See the following graph.
I think there are 2 very important points: 1) If you have been waiting on prices to bottom out, you have probably waited too long and 2) in my opinion, interest rates will move up (not down). If you have been waiting to buy that tract of LAND.....now is the time!!!!
If you would like to see my listings, visit AllSouthLandandHomes.com If you have questions about buying and selling LAND, contact G. Kent Morris, ALC, RF @ 706.457.0090