If you've been looking to buy a piece of hunting land this year it comes as no surprise the market was beyond busy. It has however changed some from last year. 2020 brought along the Covid crisis, I really expected that would just about shut down land sales. That was not the case. Yes, things slowed for a month or so, but the industry figured out how to adapt and change their business practices and on we rolled.
2021 started off and is finishing at about the same sales pace as last year, for me anyhow. The BIG difference has been in finding lands to sell. Listings are at an all time low and there are still PLENTY of buyers in the market. Used to be a buyer would call me up, we'd go over their needs and budget and within a a day or so I could email them over a list of properties to choose from. Then it was off to woods to find the property that fit their needs and get er done. That scenario held pretty much state wide.
Oh but 2021 brought on a much different vision. Booming sales rather quickly brought about a shortage in listings. It wasn't long at all until the shelves were nearly bare. Even up in the northern areas of our state land listings have dwindled. Used to be rather easy to come up with 10 to 20 listings for a 10 to 40 acre buyer to choose from. Now it's more like 4 or 5 on a good day. That 10 to 40 acre market has been really tight this year. In fact it's become pretty common to have listings hit the market with the "Pending" notification showing the same day the listing comes out. In other words, the land was really sold before it showed up on the market. The lack of listings has also caused a rise in price per acre. The ole Supply and Demand theme is in full force in the 2021 real estate market again.
So, in a nutshell, if you're thinking of selling land, I don't remember a better time to get it underway. If you're thinking about buying, be ready because properties go fast. If you're going to be financing get pre-approved before you go looking. Best to have all your ducks in a row cause there are lot of folks watching for the next listing to hit the market.
If you've been looking to buy a piece of hunting land this year it comes as no surprise the market was beyond busy.
Spring is right around the corner and with it comes turkey season and morel mushroom season.
Holy smokes folks the hunting land market is hopping.
I've been a big fan of spring turkey hunting here in Michigan since my first hunt back in 1989.
Hey there folks we are in serious need of some Michigan hunting land listings.
Wanted to let everybody know I now have a You Tube channel.