Subdividing rural land is dead and premium property, like Montana ranches and Montana live water properties, is quickly going to those who can afford it, said Clark Wheeler, a real-estate appraiser with Norman C. Wheeler and Associates in Bozeman, Montana. Wheeler is the author of an annual Montana land valuation study released this week.
A 47 percent increase in 2007 was the increase in sales of large tracts of rural land in Montana over the previous year. The increase is because of rising demand for land and popular amenities like forests and water access rather than land appreciation, according to the study. "The main thing we're seeing this year, is what's selling are the better properties," Wheeler said Wednesday.
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