WSJ - Baby Boomers Are Leaving Behind a Trail of Luxury Ranches | Montana Land Source

WSJ - Baby Boomers Are Leaving Behind a Trail of Luxury Ranches

The demographics of land buyers are changing, as Baby Boomers age out and younger generations, with different values and lifestyles step into the marketplace. Historically, Montana land has been a good long-term investment, and ranch buyers could "play" cowboy while sitting on an appreciating asset. However, management of that asset can be a great deal of work and costly. While wealthy Baby Boomers have valued owning such properties, and even spending large sums improving them with high-end building projects, younger generations tend to value experiences and don't want to maintain or manage such complicated assets. Those high-end improvements tend to be over-improvements, and don't add as much value to the property as they cost.

The article quotes a Colorado broker who says there are more large trophy ranches on the market right now than he can recall in his nearly three decades in the business. We haven't seen this in Montana yet. However, we have seen the shift to more and more buyers being interested in conservation.

 






Montana Land Source is the ultimate online resource for the Montana land market. Market data is updated daily, with over 2,100 mapped listings and sales.

Montana Land Source has many free resources including this Weekly Market Update. However, subscribers have full access to all market and property data, an advanced search, all market updates and the full-featured version of our online map. Sign-up now.