Posts marked: Newsletters

Over the last year the Fay Ranches blog has been very fortunate to gain readership on new properties, listings, introduced some new employees and made some friends along the way. Here are a few of the highlights from over the last year at Fay Ranches.

The ranch brokerage market appears to be reemerging throughout the West. There are still pockets in which sellers have resisted adjusting list prices, but in general the adjustment has been made, buyers have come back into the market and ranches in all price ranges that are priced competitively are selling. Year to date Fay Ranches closed volume is up 68% from 2009 and we have over $50m scheduled to close by November 15th.

Several large ranches with list prices north of $20m are either under contract or have closed including the Sun Ranch and the Boot Jack Ranch. There appears to be a movement toward tangible, secure assets.