Trends in Second Homes – Ranches, Lakes, Mountains and Beyond
June 4th, 2015 | by Alicia Roberts
Bitter Creek Ranch, southeast of Amarillo, Texas, has amazing water features not commonly found on working cattle ranches in this part of the state – and great outdoors spaces to enjoy them. Listed for $33,861,275. Photos / Briggs Freeman Sotheby’s International Realty
The market for ranches, lake homes and other “getaway” properties are on the upswing in the Dallas region. Our Ranch and Land Division reports that properties in the $1 million market are moving fast.
But, overall, the $750,000-$2 million range is very active across the board. More buyers are looking for a nice retreat to go to on the weekends – to have space out in the country not too far from Dallas-Fort Worth.
Wyldewood Farm | Denison | Listed for $1,500,000
Land holdings are considered a secure investment – a hard asset, not volatile like the stock market. So buyers feel land is a safe and useful investment – something they can take advantage of daily and create memories with their families and friends. In the past year, we have seen interest in ranch and land investments increase throughout Texas and Oklahoma. Buyers have a growing confidence in the economy, and we have many more unique properties to offer.
15026 Sendero Lane | Woodway | Listed for $2,195,000
Because of its low cost of living, low taxes and high quality of life, Dallas is poised to attract growing numbers of baby boomers interested in vacation and second homes. We have the advantage of living in the sunny South, and the National Association of Realtors has identified our market for strong growth potential as boomers seek a setting for the next stage of life.
7080 W. Hells Gate Drive | Possum Kingdom Lake lot | Listed for $109,900
It has already started – vacation home sales were up last year, mostly in the South.
We’re seeing more and more people electing to downsize their principal residence and maximize their vacation home. Many of my baby boomer clients head to Colorado or the beach for the entire summer and then again for the holidays. They have acquired the wealth that allows them this luxury, and they want to share it with extended family and friends. The lock-and-leave concept is very appealing to this group – so they have no worries about their home, wherever they stay.
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.