FOR IMMEDIATE RELEASE March 30, 2016
Unimproved Tracts Bring Over $4,500 per Acre in Auction
In a market thought to be between $3,000 and $4,000 per acre, Clift Land Auctions’ multi parcel auction process pushed the mark higher to average over $4,500 per acre. These unimproved tracts were part of two land auctions held on Tuesday, March 29th, one in White Deer, Texas and the other in Clarendon, Texas. George Clift, ALC, owner of Clift Land Auctions and Clift Land Brokers in Amarillo, Texas said of the auctions, “We had over 120 in attendance at these auctions with active bidding, which attributed to the nice return on the tracts that were sold. Our experience shows that the multi parcel auction process brings out what the market is on a given day, and that holds true for Tuesday’s auctions.”
To kick off the bidding, Auctioneer Todd Robertson solicited a donation to the City of Groom Ambulance Services. The highest bidder, Plains Land Bank, represented by Stephen Donnell, Senior VP donated $300.00 at the Clarendon auction and another $475.00 at the White Deer Auction to help support this organization. Capital Farm Credit of Pampa, represented by Lance Weaver, VP Relationship Manager, stepped up to match both donations for a total of $775.00. Clift Land Auctions will match the Plains Land Bank donation with another $775.00.
Clift Land Auctions has been in the land auction business for over 13 years, and has sold over 200,000 acres of farms and ranches during that time. For more information about Clift Land Auctions, the multi-parcel land auction process, and how you can benefit from this marketing option, visit CliftLandAuctions.com or call 800-299-LAND (5263).