Land Market Report: September Land Sales

By Jared Groce

The North Texas land market is still as hot as ever, with a huge influx of new buyers hitting the market. Many of them are learning quickly that what they want, and the price they are willing to pay don’t always match up. I am seeing some land sell for 50 to 75 percent more than the same tract sold for less than two years ago, and people are lining up to buy those properties. As you will see below, the cheapest property that sold in the month of September in our area was $3,697 per acre – and that was for a 539.5 acre tract. The highest price was $50,647 per acre for a 48.67 acre tract. It’s all about supply and demand, and the demand is much stronger than the supply.

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