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The Voices of Land blog

Get insight on current land trends and issues from experts across the land real estate industry.

13Sep

RLI Member Land Sales Summary | August 2018

Based on data shared through the Lands of America Comparable Sales Program in August 2018, there were 212 properties listed as sold by REALTORS© Land Institute Members. This represents some $155 million and 30,000 acres of land and rural real estate sold across 24 states. August 2018 sales activity by REALTORS© Land Institute Members participating in the program increased by 13 percent over the previous month and 7 percent compared to sales volume from the same period in 2017.

Largest Size Land Deal

Congratulations to HomeLand Properties’ Andy Flack, ALC, in Huntsville, TX, whose sale of 3,132 acres in East Texas’ Tarkington Bayou was the month’s largest recorded land sale by REALTORS© Land Institute Members participating in the Lands of America Comparable Sales Program. Andy also recorded the month’s most sales, with 13 sold properties at a combined sales value of $13.9 million.

Highest Dollar Volume Land Deal

First listed in August 2016, the most expensive land deal recorded during August 2018 was the sale by Pearson Realty’s Dan Kevorkian, ALC, in Fresno, CA, of a 1,509-acre investment-grade pistachio orchard in Central California. First planted as an experimental crop in California in the 1930s, the Golden State is now the world’s largest producer of these tasty and healthful nuts. The orchard was listed as sold for $43.6 million.

The Lands of America Comparable Sales Program includes over 260,000 individual sales records dating back to March 2000. The program was put together to offer one centralized, nationwide location to assist in valuating properties. Sales information is shared on a voluntary basis by individual program participants.

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