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Old 05-24-2021, 07:17 PM   #1
friscopaint
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Default Land prices going nuts in North Texas

Ranch just north of Whitesboro near lake Texoma sold off at auction, 8 acre tracts and got $40,000 per acre, bare ground without a tree on any of it and right on Hwy 377. It's the talk of the town with everybody already worried about property taxes. Heard there were people from all over the "world" there bidding on it.....guess my sale price just went up...Ö.Bare ground next to me went for $16,000 an acre and I thought that was nuts, looks like a bargain now....

Know a guy that has about 600 acres east of me and he said DR Horton won't leave him alone wanting to buy it. They've already bought up a lot of ground up our way, Tioga/Gunter.
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Old 05-24-2021, 07:21 PM   #2
junkmanhunter
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It's a matter of time before they get up here and screw stuff up.

With the Tollway coming all the way up here it's going to be a very desirable location

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Old 05-24-2021, 07:22 PM   #3
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It’s everywhere man. I’ve heard of some stuff here in Wise County going for 40k+ an acre. Makes me really happy I bought kind several years ago when I did.
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Old 05-24-2021, 07:23 PM   #4
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It's a matter of time before they get up here and screw stuff up.

With the Tollway coming all the way up here it's going to be a very desirable location

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Jerry Jones just bought around 600 acres I heard just east of Tioga, guy I know works for Coryann Johnson that put the deal together with multiple land owners. You're also getting a new concrete plant on Wall Street.
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Old 05-24-2021, 07:26 PM   #5
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Its everywhere! I bought 6.2 acres of prime wooded acreage with a flowing creek that runs directly into Bull Shoals lake about 1 mile away. Plenty of flat ground to build a home... beautiful piece of property for $13k! We got it at the beginning of covid last year when no one was buying. About a month ago a similar piece of property of 4 acres sold just a few miles away with no creek. For 40k and this is in one of the most poverty stricken counties in Arkansas... its crazy!

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Old 05-24-2021, 07:34 PM   #6
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Originally Posted by friscopaint View Post
Jerry Jones just bought around 600 acres I heard just east of Tioga, guy I know works for Coryann Johnson that put the deal together with multiple land owners. You're also getting a new concrete plant on Wall Street.

I heard something about him buying something between Gunter and Tioga. Old family farm was off Scoggins Rd. right off of 121. Wish that was still in the family!

Also heard that J.J. bought some land between Luella and Tom Bean.


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Old 05-24-2021, 07:37 PM   #7
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Same here. We watched the piece of land we bough 20+ minutes outside of Weatherford for 4 years before buying it in 2013. When we bought we only had one neighbor. Now our street is full and we have developers buying up large tracts of land and throwing up houses as fast as they can.

Itís an hour commute into Ft Worth. I though we would be safe this far out at least in our lifetime but I guess not.


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Old 05-24-2021, 07:44 PM   #8
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It’s just stupid! First all the horse people moving into this country......now all the expansion coming up Preston basically!!
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Old 05-24-2021, 07:50 PM   #9
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Originally Posted by friscopaint View Post
Jerry Jones just bought around 600 acres I heard just east of Tioga, guy I know works for Coryann Johnson that put the deal together with multiple land owners. You're also getting a new concrete plant on Wall Street.
Jerry's daughter Charlotte and her husband have Blue Star land development, that's who is buying up everything. I know of a bunch of land they have purchased off 121 between tioga and Gunter the last few years.

I'm not so sure on concrete plant. There has been a big push back from community. The EPA and DOT got involved and declared the area wasn't a good fit for the plant. I'm sure they will eventually get in someone's pocket and it will get walked through even though residents don't want it.

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Old 05-24-2021, 07:53 PM   #10
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Originally Posted by junkmanhunter View Post
Jerry's daughter Charlotte and her husband have Blue Star land development, that's who is buying up everything. I know of a bunch of land they have purchased off 121 between tioga and Gunter the last few years.

I'm not so sure on concrete plant. There has been a big push back from community. The EPA and DOT got involved and declared the area wasn't a good fit for the plant. I'm sure they will eventually get in someone's pocket and it will get walked through even though residents don't want it.

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The city of Sherman blocked a concrete plant a few years ago... hopefully that area will be able to do the same!

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Old 05-24-2021, 07:55 PM   #11
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It cant last. I'm a builder, high end custom, and we are slow. Really need these dr horton types to slow down. It feels much too similar to 2008 for me.

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Old 05-24-2021, 08:04 PM   #12
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A 70 acre place just outside of Celest just sold, un-divided and unimproved, for a million. It is getting ridiculous.

At this point, I wonít be able to keep the family farm when the time comes.


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Old 05-24-2021, 08:08 PM   #13
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It cant last. I'm a builder, high end custom, and we are slow. Really need these dr horton types to slow down. It feels much too similar to 2008 for me.

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I do some work with a couple of vice presidents from DR Horton, I donít see them slowing down anytime soon. They are buying up thousand acre tracks all up and down I 35. They do seem to be juggling a lot of balls right now with lumber prices ion the contracts that they already have. But with the population thatís expected to be coming to the I 35 Corredor by 2030, they say there is no way that they and everybody else can build enough houses for the amount of people that will be here in 10 years
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Old 05-24-2021, 08:10 PM   #14
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It's everywhere ; i have been looking for land in Oklahoma or Kansas for years . I finally found some but also saw a lot of land sell , without minerals , buy out of country buyers sight unseen . Also , the " Weed Growers " have driven land prices way up in Oklahoma .
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Old 05-24-2021, 08:16 PM   #15
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I’m waiting for the day I can get $40k an acre for mine, hell I’ll let it go for $20k.
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Old 05-24-2021, 08:18 PM   #16
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Originally Posted by junkmanhunter View Post
Jerry's daughter Charlotte and her husband have Blue Star land development, that's who is buying up everything. I know of a bunch of land they have purchased off 121 between tioga and Gunter the last few years.

I'm not so sure on concrete plant. There has been a big push back from community. The EPA and DOT got involved and declared the area wasn't a good fit for the plant. I'm sure they will eventually get in someone's pocket and it will get walked through even though residents don't want it.

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The concrete plant is already being built north of fm121 on Wall Street, there was another planned closer to Tioga that got canceled
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Old 05-24-2021, 08:22 PM   #17
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Originally Posted by IkemanTX View Post
A 70 acre place just outside of Celest just sold, un-divided and unimproved, for a million. It is getting ridiculous.

At this point, I wonít be able to keep the family farm when the time comes.


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There's hardly a place up here that doesn't have a for sale sign up on the fields
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Old 05-24-2021, 08:23 PM   #18
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My Mom gifted me 10 acres near Grandview at the time it appraised for 1500 per acre and I thought that was a little high. Now tracts of 10 acres are going for 14,000 per acre and up. Crazy.
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Old 05-24-2021, 08:33 PM   #19
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A family friend put his 450 acres in Fort Bend on the market a couple years ago. In a couple weeks he will close and he sold it for $5.00 a Square foot. It will be commercial eventually.

For those that don’t know. There is 43,560 square feet in an acre.
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Old 05-24-2021, 08:34 PM   #20
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My .97 acres on Lake Fork is listed on the MLS for $1,675,000.00.
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Old 05-24-2021, 08:49 PM   #21
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Originally Posted by rut-ro View Post
A family friend put his 450 acres in Fort Bend on the market a couple years ago. In a couple weeks he will close and he sold it for $5.00 a Square foot. It will be commercial eventually.

For those that donít know. There is 43,560 square feet in an acre.
Just south of 100m, hope they got a good CPA and tax attorney, might need to find some opportunity zone land to invest in.
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Old 05-24-2021, 08:49 PM   #22
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We are getting 10-15 offer letters a week for one acre in Acton, TX. Perhaps I should beat them to the Duplex-Rental demand. I have seen 6 of these Duplex communities pop up in East Texas pop up ins the last 6 months.


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Old 05-24-2021, 08:50 PM   #23
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Land around here is high too, developers buying everything they can and dividing up and building houses

Going to be a big ol mess at some point. Roads can't take much more traffic and schools should have already been started to accommodate the population growth
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Old 05-24-2021, 08:51 PM   #24
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Real estate/land is a safe bet right now. No one wants to hold on to cash right now. The dollar is worth less each day. They aren’t making any more land and it will continue to go up in value. We will look back in 5 yrs at some of these prices and think they were cheap.
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Old 05-24-2021, 08:52 PM   #25
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Originally Posted by rut-ro View Post
A family friend put his 450 acres in Fort Bend on the market a couple years ago. In a couple weeks he will close and he sold it for $5.00 a Square foot. It will be commercial eventually.

For those that donít know. There is 43,560 square feet in an acre.
That made my calculator smoke!!!!!

My sold 30 acres for $600,000 and I thought that was insane..
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Old 05-24-2021, 09:17 PM   #26
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Originally Posted by rut-ro View Post
A family friend put his 450 acres in Fort Bend on the market a couple years ago. In a couple weeks he will close and he sold it for $5.00 a Square foot. It will be commercial eventually.

For those that donít know. There is 43,560 square feet in an acre.

I bet heís got a whole bunch of new family friends.


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Old 05-24-2021, 09:19 PM   #27
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Glad I bought my little 40 acres in Tishomingo Oklahoma last year. I hope to retire there in about 10 years.


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Old 05-24-2021, 09:24 PM   #28
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Just south of 100m, hope they got a good CPA and tax attorney, might need to find some opportunity zone land to invest in.
All covered. They own several businesses with CPAs and Attorneys on staff. Heís about to retire and sale his companies too.
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Old 05-24-2021, 09:25 PM   #29
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I bought some land about 4 years ago for 11k, talked to a realtor about it last week and she thinks I can get 65k-70k for it.
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Old 05-24-2021, 09:25 PM   #30
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It's everywhere ; i have been looking for land in Oklahoma or Kansas for years . I finally found some butAlso , the " Weed Growers " have driven land prices way up in Oklahoma .
Thatís something that is bothersome. I remember my cousin in Oregon telling how things up there went totally nuts after fields of Marijuana started being planted.

The amount of greenhouses and grow operations that have started up for mj in Oklahoma is a little hard to adjust to. A dispensary had some kind of event going and they had bounce houses for the children next to the line of adults standing outside to get in.
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Old 05-24-2021, 09:48 PM   #31
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They're **** sure trying to buy everything up. It's crazy right now.

I live on the end of a road where there are 3 or 4 large pieces of land that developers will get their hands on soon enough.

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Old 05-24-2021, 10:03 PM   #32
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Land cheap in RGV
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Old 05-24-2021, 10:05 PM   #33
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Glad I bought my little 40 acres in Tishomingo Oklahoma last year. I hope to retire there in about 10 years.


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I close tomorrow on 60 acres just southwest of you in Enville. Iím 1 Mile from hickory creek boat ramp on hwy 32. $4550 an acre seemed insane 2 months ago. But an hour 15 minutes away from metroplex, I figure it will just keep climbing.
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Old 05-24-2021, 10:26 PM   #34
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Does anyone know if there are grants available to purchase land and NOT develop it? Maybe put it in a conversation easement or something?
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Old 05-24-2021, 10:30 PM   #35
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Does anyone know if there are grants available to purchase land and NOT develop it? Maybe put it in a conversation easement or something?
Depending on age and other requirements there are "young" farmer loans was 1% but not sure. Also some minority and veterans programs.
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Old 05-24-2021, 11:14 PM   #36
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Does anyone know if there are grants available to purchase land and NOT develop it? Maybe put it in a conversation easement or something?
Dang millennials and their non-traditional loans for conversation easements. Way too much talking going on in the woods.
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Old 05-25-2021, 07:03 AM   #37
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Its everywhere! I bought 6.2 acres of prime wooded acreage with a flowing creek that runs directly into Bull Shoals lake about 1 mile away. Plenty of flat ground to build a home... beautiful piece of property for $13k! We got it at the beginning of covid last year when no one was buying. About a month ago a similar piece of property of 4 acres sold just a few miles away with no creek. For 40k and this is in one of the most poverty stricken counties in Arkansas... its crazy!

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That type of buying is driven by out of state retirees & speculators and a lot of them will lose on it.
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Old 05-25-2021, 07:32 AM   #38
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That type of buying is driven by out of state retirees & speculators and a lot of them will lose on it.
Absolutely! We bought our land for what I consider cheap because it is by my in-laws and they have the adjoining 18 acres. It is crazy seeing how the Harrison area has changed these last few years.

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Old 05-25-2021, 07:43 AM   #39
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This is going on all over Texas
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Old 05-25-2021, 07:53 AM   #40
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Real estate/land is a safe bet right now. No one wants to hold on to cash right now. The dollar is worth less each day. They arenít making any more land and it will continue to go up in value. We will look back in 5 yrs at some of these prices and think they were cheap.

I agree with this 100%. I would be buying land, even at these crazy prices, if I had the extra $ available.


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Old 05-25-2021, 08:27 AM   #41
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There is a 30 acre piece across the road from me. Been for sale for a while at
$600k. It will probably sell for that if the dollar keeps going down like it is
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Old 05-25-2021, 09:08 AM   #42
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I bought land for $3400 acre out west and before I could close had offers to buy part of it for $8k acre. Want $10k. Every time I saw a good property it was under contract within a week. They are now being split into smaller tracts. I looked at 1250 acres for $1100 acre for hunting that wound up being split up the following month after closing for like $2200 acre.
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Old 05-25-2021, 09:14 AM   #43
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Ranch just north of Whitesboro near lake Texoma sold off at auction, 8 acre tracts and got $40,000 per acre, bare ground without a tree on any of it and right on Hwy 377. It's the talk of the town with everybody already worried about property taxes. Heard there were people from all over the "world" there bidding on it.....guess my sale price just went up...Ö.Bare ground next to me went for $16,000 an acre and I thought that was nuts, looks like a bargain now....

Know a guy that has about 600 acres east of me and he said DR Horton won't leave him alone wanting to buy it. They've already bought up a lot of ground up our way, Tioga/Gunter.
I hate hearing this. Im in the area and makes me sick thinking all these people trying to buy up land to develop.
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Old 05-25-2021, 09:34 AM   #44
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I bet the water right owners are licking they’re chops.
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Old 05-25-2021, 09:34 AM   #45
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I hate hearing this. Im in the area and makes me sick thinking all these people trying to buy up land to develop.
Yep
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Old 05-25-2021, 09:39 AM   #46
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I'm now looking at my place as part of my early retirement. We shall see if it keeps going up at it current rate. If so my 10 year plan is a 5 year plan.
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Old 05-25-2021, 10:04 AM   #47
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Dang millennials and their non-traditional loans for conversation easements. Way too much talking going on in the woods.
Uh-huh !
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Old 05-25-2021, 10:06 AM   #48
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Yikes... is all I got...

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Old 05-25-2021, 10:10 AM   #49
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Land prices are crazy, but if you sell out in some of these liberal states where they have been even crazier for years, then you get to come to Texas and start screwing up our prices and even better (for them), our politics. It’s enough to make a person puke.....
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Old 05-25-2021, 10:38 AM   #50
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Prices going up everywhere. Realtors can't even get enough listings to keep up. If it is decent, sold quick. TXDOT guy that did my permit for tin horn in Young county told me he is busy. Lots of out of state buyers. Place down the road we had looked at sold to a realtor & in less than a month he split it & made money.
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