Remodeling
or Buying
a new home?
Where is the demand for ranches coming from? From what geographic areas?
Who is buying? Describe the "typical" buyer.
Todd: The energy prices have created new buyers for large working cattle
ranches. There are a lot of buyers who want to invest in ag land that will
give them some kind of return, plus long-term appreciation.
Raich: Many investors are considering parking their money in a ranch prop-
erty as a safe investment during volatile times in the stock market. Others are
seeking a legacy property before land values increase in the western markets.
We also see demand from buyers who live in urban areas who want to secure
a place in an unpopulated area, should a national security or natural crisis
arise. I am seeing buyers from Montana, both coasts, and in between (FL, GA,
NY, VA, MI, PA, TX, CA, WA); also a small number of buyers from Canada.
Janssen: Our buyer pool includes high net-worth people from all over the
world. It shifts with the world economy; 10 years ago we worked with a
ton of tech buyers; now we spend time with many people from the oil and
gas industry. It is hard to generalize. Most are very nice folks who value the
outdoors, wildlife, and the western ranch life style.
Do you see more or less demand for agricultural and range ranches, or for
ranches for sport and recreation?
Todd: Right now it would be more ag land. The demand for recreational
land is down because it has no annual return on investment. It's more of an
emotional, personal purchase that a better overall economy helps.
Raich: I primarily handle ranch properties in the Paradise Valley and Bozeman markets, and see more demand for sport and recreational ranches.
Janssen: High commodity and cow prices over the last few years have more buyers
interested in properties that generate income.
Come see our new
Jenn-Air
Professional appliances
511 North 7th Avenue
Bozeman, Montana
406-587-0342
M - F 9 - 6 Sat 9 - 5:30
www.bozemantv.com
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