A continued swell of interest and five recent closings leave only six available farms remaining at Wolff Companies’ Gates Ranch, a 1,500-acre community of family farms in historic Washington County. In the past three months, the last two community estates in Phase II were sold in addition to three estates in the final Phase III.
The activity at Gates Ranch reflects a broader trend of growing interest in Texas’ rural land. A recent study by Texas Real Estate Research Center at Texas A&M University shows a 33.57 percent increase in the number of 2020 land sales in the Gulf Coast-Brazos Bottom area, which includes Washington County.
The activity was particularly strong in third and fourth quarters 2020, with 45.4 and 78 percent increases in sales respectively. Overall, 552,707 acres were purchased for a record $1.69 billion in Texas in 2020.
“Fourth quarter 2020 produced a remarkable increase in rural property transactions across most of Texas,” said Charles Gilliland, research economist for the Texas Real Estate Research Center at Texas A&M University. “Statewide, the 7,684 sales were up 28.9 percent from last year.”
Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM.
In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.