We were very pleased to generate bids of more than $30 million for Pecan Creek Ranch.
Billings, MT (PRWEB) November 15, 2012
Hall and Hall Auctions marketed 62,577 acres of Oklahoma and Texas land at auction during the first week of November 2012. The November 2nd auction of Pecan Creek Ranch in San Angelo, TX and the November 8th auction of Eastern Oklahoma Timber Land in Wilberton, OK were well-attended events that generated more than $36 million in bids. For more information on farm and ranch auctions, contact Scott Shuman of Hall and Hall Auctions at 800-829-8747 or visit http://hallhall.com/auction-services/.
The Pecan Creek Ranch auction was attended by 120 individuals and many favorable comments were heard. The property, one of the largest and most prestigious ranches in West Central Texas, received bids totaling $30,039,000. Hall and Hall Auctions signed contracts for one tract at $6,985,000 and several tracts are still in negotiations.
“We were very pleased to generate bids of more than $30 million for Pecan Creek Ranch,” said Shuman. “It is a stellar working ranch with great hunting and minerals.”
The Eastern Oklahoma Timber Land auction was attended by 38 bidders from five states and approximately 80 onlookers. Bidding was spirited and totaled $6,048,000. Hall and Hall Auctions signed contracts on 12 tracts (21,963 acres) for a total of $4,987,500. Per acre valuation ranged from $174 to $853.
“The Eastern Oklahoma Timber land auction presented an excellent opportunity to bid on a premier hunting property and an abundance of timber,” said Shuman.
For additional information on farm and ranch auctions, contact Hall and Hall Auctions at 800-829-8747.
About Hall and Hall:
Hall and Hall was formed in 1946 as an agricultural mortgage company, and has since branched out into farm and ranch brokerage, appraisals, resource management and enhancement, retained search, auctions, and consultation on conservation easements and stewardship plans. Hall and Hall has emerged as the largest full service rural real estate firm in the Rocky Mountain West and Great Plains regions, managing more than one million acres of land, and servicing a loan portfolio of more than $500 million. A unique partnership between its offices in Montana, Wyoming, Idaho, Texas, Kansas, and Colorado ensures that the client receives local knowledge and personal service as well as the international perspective needed to make informed acquisition and management decisions.