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Banking on Land

While statistics aren’t available yet for 2020, anecdotally it was a record-breaking year.
“2020 was as busy as any year I remember—and 2021 doesn’t show any signs of slowing down,” Bownds said.
Currently, inventory is tight. Buyers are anxiously waiting to purchase a suitable property when it becomes available. In several instances, Bownds has sold multi-million-dollar ranches before he’s even had a chance to have photos taken. A limited inventory means that buyers don’t have the luxury of long deliberations.

Banking on Land: Land Investment Tips for First-Time Buyers