May 2024 News

by | May 7, 2024

Charles Y Armstrong Broker Capital Ranch SalesA NOTE FROM YOUR LAND BROKER, CHARLES

As we do every year in April, our team attended the 33rd annual Outlook for Texas Land Markets located in San Antonio, Texas. The event set a record for attendance with brokers, agents, lenders, appraisers, and land owners eager to hear from industry experts on what we could expect in the land market in 2024. There was a lot of optimism throughout the two-day event and over the coming months we will be diving deeper into the following topics:

Prices: Statewide prices are likely at near-term highs, and we’ve experienced a 0 to 2% statewide price growth for 2024 overall. Texas is expecting statewide prices to decline later this year and into 2025.

Sales Volumes: Sales volume is at or close to near-term lows. We’re expecting increases in Q3 or Q4 of 2024.

As for Capital Ranch Sales, April was another great month for the firm. In total, we closed on 12 ranches sold across 8 counties, totaling over $22MM in sales volume. Reflecting on those deals reminds me of how blessed I am to help people achieve their ranch buying and selling goals in the great state of Texas. As we look towards May, we have some great ranches we are bringing to market that we can’t wait for you to see.

Stay tuned and see you next month! 

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INDUSTRY RELATED NEWS

Transferring Property Prior to Death: Pros, Cons, and Alternatives

I frequently field questions where a landowner is trying to decide whether it would be better to transfer his or her property to the next generation (or their identified heir) while the landowner is still living, or wait until the landowner has passed away.

I always try to outline the pros, cons, and highlight two other options here in Texas that may allow a landowner to receive the pros and avoid the cons of a transfer prior to death.

Click here for the full article!

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MARKET SNAPSHOT

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FEATURED PROPERTIES

Caiman Ranch
Coming Soon!
La Salle County, Encinal, Texas
1,066 Acres

Stay tuned for more details, or reach out now for a sneak peek before this beautiful ranch is brought to market!
Burton Ranch

SOLD
Hays County, Texas
Listed at $4,260,00

The Burton Ranch consists of approximately 213 acres of gently rolling terrain with a nice mixture of wooded areas and open pasture, an abundance of large live oak trees, and easy access off paved Lone Man Mountain Rd. The ranch also offers an abundance of wildlife species, making it a perfect ranch for recreational land buyers and nature enthusiasts alike. If you are a discerning land buyer looking for a blank canvas in the famed Texas Hill Country to call your own, look no further than the Burton Ranch.

Call us now for all of your ranch buying and selling needs!

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