Photos and video / Briggs Freeman Sotheby’s International Realty
With falling oil prices, investors are betting it will be an opportune time to buy Texas ranchland, according to a report by the New York Times.
Jay Ellis of Dallas-based Sporting Ranch Capital is raising $100 million from investors to buy “trophy ranches” that owners want to sell “quickly and quietly” – as their personal portfolios fluctuate with the price of oil.
Ranch life taps into the American desire for space, freedom and a connection with the land. And ranches have always had a spot in wealthy investor portfolios because of the potential for steady gains.
Mountain Springs is one of the best-kept secrets in the area—right at the heart and soul of one of the nation’s best horse-raising regions. Just an hour north of Dallas/Fort Worth, the community has attracted some of the most skilled horse ranchers and trainers and a few well-known movie and music celebrities, who own ranches in the area.
Hartlee Field Ranch, on 652 acres at 4105 Hartlee Field Road in Denton, offers an opportunity to own a piece of history as well an excellent investment for future development. Listed for $14,850,000. Photos / Briggs Freeman Sotheby’s International Realty
Combine a great Texas economy with low interest rates and numerous corporate relocations, and the DFW real estate market is teeming with ready buyers. Home sales are up across the board – from condos to single-family homes to ranch and land.
We asked some of our expert agents to offer some insight on how the real estate market with perform this year, and here’s what they had to say.
Q: How will the Texas real estate market perform in 2015?
A: The 2015 forecast for rural land in Texas is very strong, and demand is up from previous years. Ranches are changing hands at higher levels as sellers have come off of some very high expectations to meet buyers who seem to be prepared to pay marginally more than the last sale. I had a strong 2014, and this year is going to be even better. Unlike in previous cycles, we are seeing sustained growth.
A: After experiencing an exceptionally good 2014, we expect 2015 to be another year for positive growth. The luxury real estate market is improving in North Texas. We’re seeing more high-end homes coming on the market and more sales of luxury homes. Our clients are looking for everything from new construction to older homes with a lot of character to high-rise homes Downtown. We don’t see things slowing down, especially as we approach the Spring Market.
A: The past two years have been exceptional, and the trend toward steady growth is expected to continue through 2015, according to the predictions I have read. Interest rates should remain low, which typically fuels growth. However, low inventory will remain an issue in some Dallas neighborhoods. The leasing market will be equally competitive. The analysts say this real estate upswing can last up to six years, so it’s a good time to invest.
A: Recently announced corporate relocations are sending ready buyers our way. The $300,000-$700-000 price range is red hot for this group. As we approach Spring Market, we don’t have the rush of upper-tier buyers that we had last year. Sellers in that range really need to listen to their agents regarding pricing. Lot prices have especially increased in the high end, yet buyers aren’t quite ready to absorb the resulting 10-15 percent premium over 2014.
President and CEO Robbie Briggs independently owns and operates Briggs Freeman Sotheby’s International Realty with seven offices in Dallas, Fort Worth, Uptown, Lakewood, Ranch and Land, The Ballpark and Southlake.
Photos and video / Briggs Freeman Sotheby’s International Realty
One of the most sought-after architectural styles was popularized by the nationally renowned firm of Lake|Flato, which used regional materials to create artfully crafted, modern homes that are environmentally friendly and energy efficient.
On the 120-acre Rancho Sereno in Whitesboro in the Red River Valley’s beautiful Cross Timbers region are three Lake|Flato-inspired contemporary homes in a compound that would serve a large family or several families.
An hour north of the Dallas, this ranch and wildlife preserve at Rancho Sereno features lush pastures, hilly woodlands, trails, four ponds and almost 5,000 feet of Sandy Creek, where deer, turkey and waterfowl roam. The ranch at 17234 FM 678 is being offered for $1,525,000. Photos / Briggs Freeman Sotheby’s International Realty
Gene Taylor, left, Executive Vice President of Sales, and Robbie Briggs, President and CEO, recently announced Top Producer awards for agents with Briggs Freeman Sotheby’s International Realty. Photo / Briggs Freeman Sotheby’s International Realty
Last year was an extraordinary one in North Texas real estate. The fast-paced market, low inventory challenges, the growth of exciting urban neighborhoods and more made it a year full of opportunities for agents committed to delivering excellence in every transaction.
At a reception Tuesday at the Ritz-Carlton in Dallas, Robbie Briggs, President and CEO of Briggs Freeman Sotheby’s International Realty, paid tribute to the company’s 2013 Top Producers, citing their commitment for “giving the extraordinary in all we do as we serve our clients, community and world.”
One of the largest area land sales in 2013, Arbuckle Ranch, near Ardmore, Okla., was listed for $22,000,000. Photo / Briggs Freeman Sotheby’s International Realty
Selling prime ranches like a 17,600-acre cattle ranch near Ardmore in the beautiful Arbuckle Mountains takes a Realtor with a world of experience, expertise and a global network of potential buyers.
Listed for $22 million, Arbuckle Ranch sits on a 520-square-mile, highly prolific aquifer, which assured a potential buyer of an abundance of water for hay production, ponds and grass needed to run a superior cattle operation. To market this unique ranch the owners turned to Angie Nelson with Briggs Freeman Sotheby’s International Realty.
Legacy ranches with rolling topography and breathtaking views are selling well across Texas and Oklahoma.
Angie Nelson of Briggs Freeman Sotheby’s International Realty recently sold this signature, 17,632-acre spread in the historic Arbuckle Mountains in Oklahoma. The ranch, made up primarily of native pastureland with a gradual elevation change, sits atop the Arbuckle Aquifer, assuring an abundant water resource for the working cattle operation.
For more information on ranches, farms and equestrian properties, visit ranch.briggsfreeman.com.
Briggs Freeman Sotheby’s International Realty is Dallas’ luxury real estate leader, with more than 200 agents in five offices located throughout Dallas-Fort Worth and access to the global Sotheby’s network, including more than 11,000 agents in more than 650 offices worldwide. CEO Robbie Briggs independently owns and operates Briggs Freeman Sotheby’s International Realty. For more information on escapes and second homes, ranch and land, and luxury homes in the Dallas-Fort Worth region and beyond, go to briggsfreeman.com.