The REtipster Podcast | Land Investing & Real Estate Strategies Land Investor's Market Update - December 2024
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Dec 3, 2024 Neil Clements, a seasoned real estate agent and land investor, shares his expertise in valuing land and market dynamics. He highlights the impact of acreage classification on land flipping and the unique challenges investors face in a slow market. The conversation also delves into current migration trends affecting housing markets, particularly in states like Texas and Florida. Clements discusses the significance of local insights versus national trends, stressing informed decision-making in this competitive landscape.
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Land Classification by Acreage
- Classify land by acreage to understand its market behavior and value.
- Different acreages attract different buyers, influencing offers and valuations.
Infill vs. Large Lots
- Infill lots (one acre or less) are primarily tied to the housing market, with values derived from house prices minus development costs.
- Larger lots (1-10 acres) have values influenced by housing but become more discretionary purchases.
Small Acreage Valuation
- Small acreage (10-50 acres) is less tied to housing and more influenced by median household income and local credit availability.
- This makes small acreage a different investment than infill lots.