{"id":132406,"date":"2022-07-18T14:01:00","date_gmt":"2022-07-08T16:50:00","guid":{"rendered":"https:\/\/hispanicprwire.com\/english-price-of-small-tracts-of-land-in-texas-reached-record-high-in-2021\/"},"modified":"2022-07-18T14:10:02","modified_gmt":"2022-07-18T18:10:02","slug":"el-precio-de-los-terrenos-pequenos-en-texas-alcanzo-su-maximo-historico-en-2021","status":"publish","type":"post","link":"https:\/\/hispanicprwire.com\/en\/el-precio-de-los-terrenos-pequenos-en-texas-alcanzo-su-maximo-historico-en-2021\/","title":{"rendered":"Price of small tracts of land in Texas reached record high in 2021"},"content":{"rendered":"<p><\/p>\n<style type=\"text\/css\"><![CDATA[\n\/* Style Definitions *\/\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n]]><\/style>\n<div class=\"xn-content\">\n<p><i>Texas Realtors releases the latest edition of Texas Small Land Sales Report<\/i><\/p>\n<p><span class=\"xn-location\">AUSTIN, Texas<\/span>, <span class=\"xn-chron\">July 8, 2022<\/span> \/PRNewswire-HISPANIC PR WIRE\/ &#8212; The demand for small tracts of land in <span class=\"xn-location\">Texas<\/span> remained strong in 2021, pushing the median price per acre to another record high, according to the 2022 edition of the <i>Texas Small Land Sales Report<\/i> released today by Texas Realtors.<\/p>\n<div id=\"prni_dvprnejpgcc10left\" dir=\"ltr\" style=\"width: 100%; text-align: left;\"><img decoding=\"async\" id=\"prnejpgcc10left\" title=\"Texas Association of Realtors logo.\" src=\"https:\/\/mma.prnewswire.com\/media\/1317682\/Texas_Realtors_Logo.jpg\" alt=\"Texas Association of Realtors logo.\" align=\"middle\"\/><\/div>\n<p>The median price per acre grew 16.4% year-over-year to <span class=\"xn-money\">$7,530<\/span> an acre. The total number of small land sales across <span class=\"xn-location\">Texas<\/span> declined 7.8%, with 9,662 tracts sold.<\/p>\n<p>&#8220;Although the median price per acre increased in most of the state, small land sales are still a popular option for buyers looking to own or invest in <span class=\"xn-location\">Texas<\/span> real estate,&#8221; said <span class=\"xn-person\">Russell Berry<\/span>, chairman of Texas Realtors. &#8220;These properties are desirable for buyers seeking more space and for developers looking for prime investment opportunities.&#8221;\u00a0<\/p>\n<p>The number of sales of small tracts of land increased in the Panhandle and South Plains, Far West Texas and <span class=\"xn-location\">West Texas<\/span> regions. Six of the seven regions recorded an increase in median price per acre. The Panhandle and South Plains region was the only area that experienced a decrease.<\/p>\n<p>The report also revealed that the median tract size for small land sales in <span class=\"xn-location\">Texas<\/span> increased 6.7% to 32 acres. The <span class=\"xn-location\">Austin<\/span>-Waco-Hill Country region had the largest amount of small land sales at 36% of the total sales, followed by the <span class=\"xn-location\">North Texas<\/span> region with 24.4%.<\/p>\n<p><span class=\"xn-person\">Charles Gilliland<\/span>, Ph.D., economist with the Texas Real Estate Research Center at <span class=\"xn-org\">Texas A&amp;M University<\/span>, commented, &#8220;The 2021 land sales market saw prices increase remarkably as soaring demand encountered a limited supply of small tracts for sale. The number of sales declined slightly, possibly due to a lack of properties offered for sale, though the search for country getaways continued. Currently, the Federal Reserve has promised rising interest rates. This activity may act to cool the feverish demand for small rural properties.&#8221;<\/p>\n<p>Small land sales are defined as tracts with total acreage in the first through 20<sup>th<\/sup> percentile of size of all land sales. This generally includes sales of 200 acres or less, except in Far West Texas, where land parcels up to 8,000 acres qualify as a small land sale.<\/p>\n<p>Chairman Berry concluded, &#8220;Patience is key for people looking to buy land in many parts of <span class=\"xn-location\">Texas<\/span>. With high demand and not as many properties for sale, it can be difficult to find what you&#8217;re looking for. You will want to make sure to work with a Texas Realtor who has the expertise to help you navigate the farm, ranch and land market.&#8221;<\/p>\n<p><b>About the 2022 Edition of the Texas Small Land Sales Report<\/b><\/p>\n<p>The <i>Texas Small Land Sales Report<\/i> analyzes small land sales data and trends across seven regions of <span class=\"xn-location\">Texas<\/span> utilizing survey data aggregated by the Texas Real Estate Research Center at <span class=\"xn-org\">Texas A&amp;M University<\/span>. Texas REALTORS\u00ae distributes insights about the <span class=\"xn-location\">Texas<\/span> real estate market each month, including quarterly market statistics, trends among homebuyers and sellers, luxury home sales, international trends, and more. To view the <i>Texas Small Land Sales Report<\/i> in its entirety, visit texasrealestate.com.<\/p>\n<p><b>About <span class=\"xn-location\">Texas<\/span> <\/b><b>REALTORS\u00ae <\/b><\/p>\n<p>With more than 150,000 members, Texas REALTORS\u00ae is a professional membership organization that represents all aspects of real estate in <span class=\"xn-location\">Texas<\/span>. We are the advocates for REALTORS\u00ae and private property rights in <span class=\"xn-location\">Texas<\/span>. Visit <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3589295-1&amp;h=2100796618&amp;u=https%3A%2F%2Fwww.texasrealestate.com%2F&amp;a=texasrealestate.com\" target=\"_blank\" rel=\"nofollow\">texasrealestate.com<\/a> to learn more.<\/p>\n<p>Media Contact &#8211; <span class=\"xn-person\">Hunter Dodson<\/span>, <a href=\"mailto:hdodson@piercom.com\" target=\"_blank\" rel=\"nofollow\">hdodson@piercom.com<\/a><\/p>\n<p>Logo &#8211;\u00a0<a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3589295-1&amp;h=2725530113&amp;u=https%3A%2F%2Fmma.prnewswire.com%2Fmedia%2F1317682%2FTexas_Realtors_Logo.jpg&amp;a=https%3A%2F%2Fmma.prnewswire.com%2Fmedia%2F1317682%2FTexas_Realtors_Logo.jpg\" target=\"_blank\" rel=\"nofollow\">https:\/\/mma.prnewswire.com\/media\/1317682\/Texas_Realtors_Logo.jpg<\/a><\/p>\n<p>SOURCE  Texas Realtors<\/p>\n<\/div>\n<p><\/p>","protected":false},"excerpt":{"rendered":"<div class=\"xn-content\">\n<p><i>Texas Realtors releases the latest edition of Texas Small Land Sales Report<\/i><\/p>\n<p><span class=\"xn-location\">AUSTIN, Texas<\/span>, <span class=\"xn-chron\">July 8, 2022<\/span> \/PRNewswire-HISPANIC PR WIRE\/ &#8212; The demand for small tracts of land in <span class=\"xn-location\">Texas<\/span> remained strong in 2021, pushing the median price per acre to another record high, according to the 2022 edition of the <i>Texas Small Land Sales Report<\/i> released today by Texas Realtors.<\/p>\n<p>&lt;div id=&quot;prni_dvprnejpgcc10left&quot; dir=&quot;ltr&quot; style=&quot;width: 100%; text-align:&#8230;<\/p>\n","protected":false},"author":1,"featured_media":132407,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-132406","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-negocios-y-finanzas"],"acf":[],"_links":{"self":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/132406","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/comments?post=132406"}],"version-history":[{"count":"1","href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/132406\/revisions"}],"predecessor-version":[{"id":132629,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/posts\/132406\/revisions\/132629"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/media\/132407"}],"wp:attachment":[{"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/media?parent=132406"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/categories?post=132406"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hispanicprwire.com\/en\/wp-json\/wp\/v2\/tags?post=132406"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}