In studies done at Texas A&M to show the relationship of prices with these commodities, it was found that a change in oil and cotton prices particularly affected the price of rural acreage, with cattle and corn also affecting prices. If prices of these are down, then over time, land prices will be down & the reverse is true if commodity prices rise. Most folks who are in the rural land business already know this.
Remember LONESOME DOVE and THE SONS OF KATIE ELDER? Filmed at the 1,484 acres Wildcatter Ranch & Resort 90 miles from Dallas-Fort Worth near the town of Graham. The Resort is almost a town of its own with 16 cabin suites, 16 room hotel, main house, 2 two bdr. homes, 2 horse barns, a 25,000 sf restaurant and an enclosed pavilion. On the market for $14,975 million. CALL BAIN REAL ESTATE at 903-571-2191 TO ARRANGE A SHOWING.
2016 is a record year for Smith County homes sold OR 2,539 closed as compared to 2,492 in 2015 (which was also a record year). With homes on the market a shorter time, interest rates still low and a limited number of homes on the market – THIS IS PUSHING THE PRICE UP. The price is 4% higher than 2015. The median sales price is now $175,000, up from $167,500 a year ago. STILL A GOOD TIME TO BUY OR SELL.
Total number of residents moving here increased 2.8% year-over-year with most coming from California, then Florida, Louisiana, New York and Oklahoma. Texas ranked 3rd in the nation for the number of residents moving out of state. The most popular out-of-state relocation destinations were California, Florida, Oklahoma, Colorado and Louisiana. At the county level, Harris lead the gain as will as Dallas, Tarrant, Collin and Denton counties, which is of course, Houston, Dallas and Fort Worth. THAT IS WHY REAL ESTATE DOING WELL IN TEXAS!!