• December 22, 2014

Report: Small land sales big deal in Central Texas

Print
Font Size:
Default font size
Larger font size

Posted: Thursday, June 5, 2014 4:30 am

A report released this week shows a region containing the Killeen-Temple-Fort Hood metropolitan statistical area as having the most small land sales in the state during 2013.

For the first time, the Texas Association of Realtors and the Texas Real Estate Center put together a report tracking sales of small land deals, said Stacy Armijo, spokeswoman for the Texas Association of Realtors.

The report was designed to provide insight into a growing trend in the real estate market, she said.

This report proved demand exists for recreational ranches and ranchettes — a small-scale ranch, typically of only a few acres. The region containing the Greater Fort Hood Multiple Listing Service, which is in portions of Bell, Lampasas, Coryell and Williamson counties, consisted of 37 other centrally located counties. It boasted 1,392 small land sales that contained properties between 1 acre and 49 acres.

The region comprised 33.23 percent of all small land sales statewide, the report stated. It held the majority with a median tract sale size of 21 acres.

“That makes sense, if you look at what is in the region,” said Michael DeHart, Fort Hood Area Association of Realtors executive officer. “You have some very populated areas, but you also have several smaller cities.”

The region stretched from the outskirts of San Antonio to the Dallas-Fort Worth area. It contains Austin, Waco, Killeen and Temple.

Using property sizes up to 49 acres, there were 219 raw land and 21 farm and ranch land transactions in the Fort Hood area from January 2013 to the present, DeHart said.

The sales ranged in price from $1,000 to $1.9 million.

For the Fort Hood area, most of those sales probably were for development, he said. For example, the Wal-Mart property on Stan Schlueter Loop is one of the 2013 sales.

However, as technology improves and cities such as Austin grow, portions of the populations are seeking to live farther from the cities for country living, Armijo said. Ranch vacation homes are also growing in popularity.

“This region is prime real estate for urban residents allowing for a ranchette or second home in the country,” said Dan Hatfield, Texas Association of Realtors chairman. “Residents from Austin, Dallas-Fort Worth and San Antonio are expanding into the region ... to get out of the city and take advantage of the scenic hills and waterfront areas.”

Those types of sites may be popular in counties such as Lampasas, DeHart said.

“This region is very diverse,” DeHart said.

More about

More about

More about

Rules of Conduct

  • 1 Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
  • 2 Don't Threaten or Abuse. Threats of harming another person will not be tolerated. AND PLEASE TURN OFF CAPS LOCK.
  • 3 Be Truthful. Don't knowingly lie about anyone or anything.
  • 4 Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
  • 5 Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
  • 6 Share with Us. We'd love to hear eyewitness accounts, the history behind an article.

Welcome to the discussion.