Hall and Hall President Jim Taylor discusses the current ranch real estate market in a recent article on TheStreet.com

Sales Drought Hits Ranches: Unreal Estate

Hall and Hall, a Billings, Mont.-based ranch sales and management company, watched its sales dwindle from $300 million in 2006 to $170 million last year. President Jim Taylor expects this year’s sales to be “pretty grim.”

Robert Dullnig, a broker with Kuper Sotheby’s International Realty Ranch Sales in San Antonio, Texas, which represents properties as large as the $24.7 million, 20,000-acre A.C. Madera Canyon Ranch, says his South Texas sales have fallen from $98 million two years ago to $30 million this year.

“Buyers and sellers are at a standoff,” he says. “Buyers think they should get 2006 prices, sellers think they should get a deal.”

If there’s an upside to the malaise, it’s that the sales stalemate has kept the casual buyers on the sidelines. Taylor says it’s easier to sell a property like the $28 million Yampa Tailwaters in Routt County, Colo. — a 512-acre plot seven miles from Steamboat Ski & Resort with a private trout fishery and a view of the Great Divide

Read The Entire Article on TheStreet.com

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