Land Report July 2023 Newsletter

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THE HEAT IS ON

With the arrival of summer, the pace of new listings and closed transactions has dramatically accelerated. I can already confirm one major ranch transaction involving two Land Report 100ers that will substantially reshape the 2023 Land Report 100.

Our summer issue, which goes to press in August, looks West. That region's leading listings now feature several new additions, including Colorado's Homewood Ranch, listed with Jeff Buerger at Hall and Hall, and Montana's Camas Creek Cattle & Sheep Company , listed by Mike Swan and Tim Anderson at Swan Land Company.

Currently, the Top Ten listings out West include:

Dawson Elk Valley: $96 million
Bull Springs Skyline Forest: $95 million
Bently Ranch: $90 million
Cromwell Island: $72 million
Homewood Ranch: $67.75 million
IX Ranch: $66 million
Camas Creek Cattle & Sheep Company: $58.75 million
Diamond Tail Ranch: $49.5 million
Wild Horse Basin Ranch: $48 million
Tee Cross Ranch: $46.5 million

ERIC O'KEEFE

editor@landreport.com

@TheEricOKeefe

2023 Top Auction Houses

National:

Hall and Hall Auctions 2022 Sales:

"We had another strong year. There is still a good supply of buyers for farm and ranchland nationwide. Markets remain strong because, given the buyer frenzy of the past couple of years, quality inventory has decreased to the point that there is still a good balance between supply and demand."

The Emmersons

Midwest:

Halderman Real Estate Services 2022 Sales:

"We had several sales to test the market in the first quarter. Sellers remain optimistic that selling at these historic prices is the correct path. Land prices will be steady to slightly higher throughout 2023. The supply of land on the market is near the historical average, and demand remains strong from farmer buyers and investors."

Great Plains:

Land Pro 2022 Sales:

"The market remains strong with continued buyer interest. The auction sale market normally slows during the spring and summer, with renewed activity in the early fall and winter. We have already booked auctions for early fall and have made several proposals for additional auction opportunities that will be scheduled later this year."

On The Market

Homestead #4

at Eagle Ridge Ranch

Gunnison, Colorado • 35 acres within a 4,900-acre shared ranch

Located in the prestigious shared ranch of Eagle Ridge Ranch Colorado, this 35 acre undeveloped Homestead #4 is ready for you to build your dream home. The Eagle Ridge Ranch is 4,900 deeded acres sweeping across the fertile Ohio Creek Valley only 8 miles north of Gunnison, Colorado.

$875,000

Listed by M4 Ranch Group

Sevens Ranch

Craig, Colorado • 18,205 Acres

This 18,205 deeded acre working ranch is home to one of the largest migratory elk herds in North America and offers senior water rights and substantial grazing permits.

$14,400,000

Listed by Mirr Ranch Group

Bella Vista Estate

Steamboat Springs, Colorado • 6 Acres

Bella Vista Estate is perched above Steamboat Springs with views that span across the Yampa Valley. The estate is on 6 acres with five fully appointed residences, 14 bedrooms, and abundant amenities. Whether Bella Vista is operating as a premier wedding, retreat, and family reunion destination or as a private family compound, the possibilities are endless!

$7,950,000

Listed by The Paoli Group

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