Florida Landaufauftrends showed up in large tractat transactions in 2024

While Florida's land market may be in a transitional state, the transactions with large accenta and institutional land transactions rise.

Sanders real estate The brokerage company led her “through”Lay in the country 2024 Florida Markt report”And found more than 72,000 acres of agricultural land in 2024 and converted into residential, solar and trade development. The analysis showed that there were some problems in the trend last year.

“This transformation underlines both the economic growth of the state and the increasing land values, but also raises concerns about pressure on agricultural areas. The farmers face challenges, the increasing costs and the lower availability of land, which further difficult due to the decline in industries such as citrus fruits, ”concluded the report.

“While the land market in Florida is developing, the need for effective maintenance strategies, including investments in maintenance increases, has never been urgent to ensure the preservation of the state's agricultural heritage.”

The report has followed the land values ​​in the Sunshine State since 2013 and found that the continued population growth of Florida, as one of the best destinations in the country, has to take place in 2025.

“Despite a slight decline in the overall transaction volume, the land market in Florida remains competitive, which is due to large -term businesses and institutional investments” Dean SaundersFounder, managing director and senior advisor of Saunders Real Estate. “While smaller investors have withdrawn due to rising interest rates and uncertainties, the main actors have been based, consolidated land and focused on large -scale acquisitions. However, economic growth and rising land values ​​in Florida have exerted additional pressure on agricultural operations with higher costs and shrinking land availability. “

According to the report, ranch and leisure land will continue to be bought in the state, but the market for tracts in the 50-to 500 hectare area cooled. Tracts of more than 500 ACRES rose more interest from buyers.

Ackerland purchases also remain solid, with the average size of the arable land transaction last year 397.64 ACRES. The average price per morning was $ 10,403.56.

The amount of transactions to citrusland doubled in 2024 compared to 2023. In 2023, 128 Citrus land purchases were carried out, with most of them took place in polk and hard cortacles with 34 in polk and 27 in Hardee. “These figures indicate the growing interest in citrus buildings in these areas, which are probably due to the shift in land use trends and the demand for agricultural real estate,” the report said.

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