November 2024 News

by | Nov 2, 2024

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

Deer season opens across the state in the morning! For most of our readers, this is welcomed news, and the extended forecast is calling for a drop in temperatures, which only adds to the excitement. As I like to say at the opening of every hunting season, I hope you find the time to get out and enjoy God’s creation with friends and family alike. There’s nothing like it!

In August, the USDA released its annual Land Values Summary for 2024. This report looks at the average value for agricultural real estate across the country, but for the purpose of this email, I would like to highlight how Texas performed.

The Farmland real estate average value is $2,800/acre, a 7.3% increase from 2023.

The Cropland average value is $2,570/acre, up 3.2% from a year ago. This includes an irrigated average of $3,150 and a non-irrigated average of $2,500.

The Pastureland average value is $2,200/acre, up by 6.3%.

While the increase in average value overall is no surprise to someone who monitors this data closely, it does serve as a great reminder that Texas real estate is still a sound investment. It’s tangible and provides an opportunity to create lasting memories for you and your loved ones. There are certainly ebbs and flows in the market, but it’s been proven with historical data time and time again that land is a great asset to own.

If you would like to understand the best time to buy or sell your piece of Texas land, please do not hesitate to reach out so that we can help provide a strategy for you to get into the game. To view the entire Land Values Summary report and see complete information for each state and region, click here.

Thank you for your continued support of Capital Ranch Sales, and remember to get out and vote in next week’s election!

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INDUSTRY RELATED NEWS

Texas Landowner Border Law Handbook

We are excited to announce the release of our Texas Landowner Border Law Handbook!

After fielding questions from border landowners via email, phone, and at presentations related to the laws applicable to their situation, we decided to write a handbook collecting information in one place.  Our hope is that this handbook can be a helpful resource for landowners looking to understand the applicable laws and contact the appropriate authorities for help.

Click here to download the handbook!

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MARKET SNAPSHOT

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FEATURED PROPERTIES
Sold!
La Salle County, Texas
Listed at $3,731,726

Located approximately 13 miles east of Encinal, Texas, and in Southern La Salle County, Capital Ranch Sales is proud to present the +/- 1,066-acre Caiman Ranch. Steeped in rich history, having been owned by the same family for over 75 years, the Caiman Ranch is a low fence ranch located in the heart of big deer county with a proven track record of growing and harvesting exceptional native whitetail.

Offering great access off Coquat Ranch Road, and surrounded by large neighbors, the ranch provides new ownership a blank canvas that is ripe for turning the South Texas ranch of your dreams into a reality. Unimproved low fence ranches of this size in the highly desired golden triangle are becoming scarce at a rapid pace, making the Caiman Ranch a must-see for the discerning South Texas land buyer.

Let Capital Ranch assist you for all of your ranch buying and selling needs!
Rawhide Canyon River Ranch

New Listing!
Uvalde County, Texas
Listed at $2,965,000

Situated in the picturesque Texas Hill Country and along the banks of the gin-clear Nueces River, Capital Ranch Sales is proud to present the 493.22-acre Rawhide Canyon River Ranch. Located 6 miles South of Camp Wood, Texas, is the 9.47-acre homestead along paved CR 416, with an adjacent 483.75 acres of natural beauty accessible a short distance off the same county road. Rawhide Canyon River Ranch offers turnkey improvements coupled with tons of recreational value, making it the perfect candidate for a permanent residence or outdoor enthusiast’s dream retreat.

Discover your private hill country retreat, a sprawling 483.75 acres of natural beauty in Uvalde County, just south of Camp Wood. Accessible via a secluded private road off CR 416, this pristine property offers a diverse terrain of ridge tops with meadows traversing the lower areas, encompassing native vegetation and abundant wildlife. A dream for hunters or those seeking an escape into the Texas Hill Country’s rugged beauty.

Don’t miss the chance to own this beautiful property! Call us to set up a viewing!

 

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THANK YOU TO OUR SPONSORS