United Country Real Estate
2013 Sales: > $1 Billion
Who: Largest fully integrated network of conventional and auction land real estate professionals in the U.S. and Latin America. Specializing in ranches, recreational land, and farmland. Supports nearly 500 offices across the U.S., Costa Rica, Panama, and Mexico.
Wow: Ranch and recreational land sales increased over 23 percent in dollar sales value for United Country nationwide in 2013.
Insight: “For 2014, we remain optimistic across all land categories,” says President Mike Duffy. “Farm prices have proven strong and stable as a large proportion of owners are beginning to retire (supplying inventory to the marketplace). Conversely, drought is affecting some key farm areas, reducing total supply. Commodity demand remains high, driven by worldwide population growth, and higher commodity prices over the last few years have provided significant investment capital. Overall, productivity continues to increase. For ranchland, we see continued strong growth as ranch prices have come back in line and pent-up supply from recent years has provided a healthy inventory of ranch property. And like recreational land, buyers are in better financial condition today versus the last few years. That fact, combined with very favorable interest rates and more available capital, will continue to drive the ranch and recreational markets.”
Pictured Above: Owned at one time by the Baxter Brothers — Teddy Roosevelt’s Rocky Mountain guides — Bear Wallow Ranch, located just west of Glenwood Springs, is nestled in a private valley and is augmented by forest service and BLM grazing leases.
Download the Summer 2014 edition of The Land Report for the complete listing of our fourth annual survey of the country’s leading real estate firms specializing in land.