Legendary Land Catalog Fall 2022

market report fall 2022

What a whirlwind the past 30 months have been in almost every sector of our economy. We have gone from the stock market taking a hit at the beginning of the Covid outbreak to the index reaching an all-time high earlier this year in January of 2022. Ironically, many of the big players such as Musk, Bezos, and Zuckerberg are among a few of the world's richest that according to Bloomberg, sold over $42.9 Billion worth of stock in 2021. They must have seen the labor pains of the promised interest rate hikes coming.

As we relate all of this to real estate and specifically land we are left scratching our heads. Our team has seen a significant reduction in the volume of sales across the board but...the prices haven't pulled back. I didn't say they were going up, they just aren't going backward. I've had conversations with numerous lenders and multiple appraisers about the current market and they have observed the same phenomenon. In a nutshell, the velocity or number of sales has dra matically slowed but the prices haven't backed up. One thing we have observed over the past 12 months was how drastically the "asking" prices moved up. There is now a noticeable gap be tween the asking and selling prices of the significantly overpriced listings. We are seeing "Price Reduced" emails in our inboxes almost daily as sellers that wanted to test the market with an unreasonable value decide they better get right on their price if they want to sell.

Markets are always shifting and often it is hard to get in front of a market and know what it will do. As promised by the Fed late last year there have been numerous rate hikes bringing the interest rate to a level more in line with the early 2000s. The rates aren't bad, they are just much higher than we've seen in the past two decades. It is interesting to observe that the mon ey printing and subsequent dispersal in 2020 that led to this inflation took much less time to create than the remedy. The takeaway is there is and will continue to be less borrowing for the acquisition of assets in the near future. Many people based their decisions on lower rates and moving forward the rate changes will have an impact on their buying decisions. One appraiser I talked to recently stated that 7 out of 10 transactions he is appraising are cash with no lender involved. This doesn't surprise me because the $5 Trillion in stimulus from 2020 money didn't just disappear, it found its way into the hands of people that own real assets as they have been selling those assets. Many of those assets brought staggering premiums in 2021 and early 2022. Now those with cash are picking up the best assets available with very little competition from borrowers. This is a very, very different picture than from 12-18 months ago.

NewListing

Dewey County, OK Epic Whitetail River Ranch

$5,013,200 2,500 +/- acres Relative Scarcity...when a resource is limited in supply, naturally. This is the term that defines a 2,000+ acre ranch within 1.5 hrs of Oklahoma City with 4.5+/- miles of South Canadian River frontage. It is extremely rare to find a ranch of this size that boasts this much river frontage but especially this close to Oklahoma City! To top it off, the upland portion consists of over 320+/- Acres of tillable farmland currently planted in Rye.

IncomeProducing

Atoka County, OK Double Creek Ranch

$3,213,000 1,400 +/- acres This is a stunning southern Oklahoma recreational property with numerous features that make it stand out. It is located just minutes from Hwy 75 near the community of Stringtown, OK. The property has been used primarily as a hunting property for several decades and recently the Seller has been generating considerable income by selling surface rock used for landscaping in N. Texas and Oklahoma City.

NewListing UnderContract

Marshall County, OK Wilson Creek Ranch $4,537,500 1,210 +/- acres Wilson Creek Ranch is one of the most diverse ranches that has been on the market in South Central Oklahoma in many years.

NewListing

Jefferson County, OK Mesquite Canyon Ranch $2,634,500 958 +/- acres Mesquite Canyon Ranch is a rugged combination ranch with native grass pastures, thickets and mesquite timber.

Jefferson County, OK

Red River Ranch $2,999,500

660 +/- acres Red River Ranch is a recreational paradise with exceptional native habitat, big natural duck sloughs and a large tillable ag field. The river bottom is a historic corridor for all native game animals and is clearly a perfect funnel for deer, turkey and hogs with thick cover and plenty of food. The seasonal wetlands hold large amounts of mallards when flooded in the winter and there is a spring-fed creek that would make an ideal place to build a lake.

Okfuskee County, OK Schmidt Ranch $1,950,000 555 +/- acres Deer are often seen crossing over this ridge as they follow the terrain and move between drainages. Improvements near the home include a shop, pole barn, roping arena, and small cabin that are all located within a few hundred feet of each other. The ranch is cross-fenced into 6 different pastures that allow for rotational grazing. Six different ponds are scattered throughout the ranch and two of the ponds are spring-fed.

NewListing

NewListing

Dewey County, OK

Noble County, OK

Wildlife

Mecca

$1,448,930

414 +/- acres Wildlife Mecca is a beautiful property with gently rolling terrain located in north-central Oklahoma near the community of Perry. The main entry gate is located roughly 1 mile from Hwy 412 just off of a county-maintained gravel road. A centrally located +/- 33 Acre watershed lake is the main recreational feature.

South Canadian River Farm

$976,125

390 +/- acres This farm consists of approximately 257 +/- deeded acres and 133+/- accreded acres and is located several miles southwest of Oakwood in Dewey County, OK. The area has tremendous character with fertile farmland, over 1 mile of South Canadian River frontage, a rugged timbered ridge, and beautiful river bottom views.

Grady County, OK South Lake Ranch $1,354,150 371 +/- acres South Lake is approximately 371+/- acres located in southern Grady County, OK roughly 60 miles from Oklahoma City. The main feature of the property is the 23+/- acre lake that completely lies within the boundary of the 371+/- acres. The land is rolling and covered mostly with thick native grass, some timbered draws, and plum thickets scattered throughout much of the eastern portion of the ranch.

IncomeProducing

Grady County, OK Buckhorn Creek Ranch Tracts 1 & 2 $1,280,000 350 +/- acres Buckhorn Creek Ranch is located in southern Grady County just 1/4 mile east of Hwy 81 approximately 4 miles north of Marlow, Oklahoma. The ranch consists of beautiful rolling terrain mixed with blocks of timber and various species of grasses, both native and improved. There are tremendous hunting and fishing opportunities with the 7+/- acre lake, numerous ponds, and thick timber along Buckhorn Creek. If you're looking for a diverse property on a blacktop road, this is it!!!

NewListing

Jefferson County, OK Crossroads Ranch $2,150,000 326 +/- acres Crossroads Ranch is a meticulously managed recreational property in South Central Oklahoma. It has unmatched native topography, habitat, scenery and wildlife value and is ideally situated less than two hours from DFW. The improvements on the property are tasteful yet homey, and there is plenty of room for all of your equipment, toys, friends and family.

Cotton County, OK

Hooper Farm

$798,000

280 +/- acres Hooper farm is situated in East ern Cotton County in the farming community of Hooper. This area is known for its fertile bottom land soils and favorable terrain situated above the Red River. A four pasture rotational grazing plan and intense mesquite management has allowed the current owner to maximize forage production. Seven ponds and a seasonal creek supply ample water throughout the entire year. An old homestead along the Eastern boundary provides a nice building site overlooking the entire property.

IncomeProducing

Cotton County, OK

Mesquite Canyon North 320 $944,000

320 +/- acres Mesquite Canyon Ranch is a rugged combination ranch with native grass pastures, thickets and mesquite timber. The property has gently rolling to extreme topography with over 100' of elevation change near the Red River valley in Western Jefferson County. This area is known for excellent deer and turkey hunting, but the property is also situated in big ranch country and will support about 27 cow/calf pairs.

Grady County, OK

Buckhorn Creek Ranch Tract 1

$920,000

230 +/- acres Tract 1 is located in southern Grady County just 1/4 mile east of Hwy 81 approximately 4 miles north of Marlow, Oklahoma. The ranch consists of beautiful rolling terrain mixed with blocks of timber and various species of grasses, both native and improved. There are tremendous hunting and fishing opportunities with the 7+/- acre lake, numerous ponds, and thick timber along Buckhorn Creek.

170 +/- acres This would make a fantastic recreational property with significant elevation change and huntable charac teristics for a tract of this size. Someone that wanted a hunting property close to their Texoma lake house should re ally consider this one! There is also a water well with electricity next to an old set of pipe corrals on the southeastern portion of the property. One more thing...don't overlook the potential to build a lake on one or both of the drainages.

NewListing

160 +/- acres Crosstimbers Ranch is a turn-key recreational property with excellent native habitat found throughout South-Central Oklahoma. This exceptional hunting tract has been set up to produce trophy deer, as well as plenty of opportunities at hogs and turkeys. There are clean tasteful improvements and utilities in place to start enjoying it immediately.

Love County, OK Crosstimbers Ranch

Marshall County, OK House Creek Ranch

NewListing

Jefferson County, OK

Mesquite Canyon North 160

$472,000

160 +/- acres Mesquite Canyon Ranch is a rugged combination ranch with native grass pastures, thickets and mesquite timber. The property has gently rolling to extreme topography with over 90' of elevation change near the Red River valley in Western Jefferson County. This area is known for excellent deer and turkey hunting, but the property is also situated in big ranch country and will support about 13 cow/calf pairs.

NewListing

Love County, OK

Clouds Branch Ranch

$1,200,000

160 +/- acres Situated north of Thackerville, Clouds Branch Ranch sits above the Red River and would be ideal for a homestead or weekend recreational getaway. This proper ty has been groomed to provide the best all around hunting and fishing with an emphasis on producing big whitetail deer.

NewListing

McClain County, OK

Cross Bar W. Ranch

$1,104,000

159 +/- acres Cross Bar W Ranch is an immaculate 158 acre tract of land situated six miles east of I-35 on Highway 59 near Wayne, OK. This well-kept property is routinely managed for high quality hay production. Combined, there is over a mile of road frontage along the south and west boundaries with water and electricity available.

“I

Grady County, OK

Buckhorn Creek Ranch Tract 2

$360,000

120 +/- acres Buckhorn Creek Ranch...Tract 2 is located in southern Grady County less than a mile east of Hwy 81 approximately 4 miles north of Marlow, Oklahoma. The ranch consists of beautiful rolling terrain mixed with blocks of timber and various species of grasses, both native and improved. Approximately +/-70 Acres are enrolled in CRP set to expire on September 30th, 2023.

Love County, OK Bone Valley Ranch

$850,000

This property has over 5,000' of spring-fed creeks that run and hold fresh water most of the year. There are two original ponds and five new ponds the owner constructed using the spring-fed creek system. The ponds are designed in succession to fill up one after another. This property's rich pasture and scattered shade trees make it ideal for a stocker operation or horse training facility. It's proximity and location also give it future development potential.

117 +/- acres

UnderContract

Carter County, OK Oak Ridge Ranch

$468,950

113 +/- acres Oak Ridge Ranch is a beautiful hunting and agricultural property with scattered post oaks and mixed grasses overlooking the countryside of western Carter County. There are many excellent home sites with scenic views, as well as exceptional native Crosstimbers habitat which provide exceptional hunting opportunites.

UnderContract

Love County, OK Walnut Bayou Ranch

$850,000

110 +/- acres For generations Oswalt Road and Walnut Bayou have been widely considered the epicenter for large whitetail deer genetics in South Central Oklahoma. The Walnut Bayou Ranch is a rare opportunity to own a piece of that special ground that is also a very productive agricultural ranch as a bonus. This property is less than two hours from the DFW metro area and on a paved road for the entire trip.

100

UnderContract

Johnston County, OK Demijohn Creek Ranch

$373,500

90 +/- acres Demijohn Creek Ranch is a excellent combination ranch with both grazing and hunting potential. The fertile bottomland has lots of potential for a pecan orchard or duck hunting property, and with some acreage above the floodplain it would also make a beautiful home building site.

Johnston County, OK Big Sandy Creek Ranch

$465,000

+/- acres Big Sandy Ranch is a thick, rolling recreational property situated near just off Hwy 78 on the East side of Tishomingo. It has exceptional native habitat including big bottomland hardwoods and thick upland Crosstimbers. This tract is an excellent hunting property and would make a great location to build a home or vacation rental.

80

NewListing

$552,069

NewListing

$800,000

McClain County, OK Cross Bar W Ranch

+/- acres The Cross Bar W Ranch 80 is an immaculate tract of land situated six miles East of I-35 on Highway 59 near Wayne, OK. This well-kept property is routinely managed for high quality hay production. This area is home to many amazing equine facilities being located less than one hour from the OKC Fairgrounds and Remington Park.

Carter County, OK

McClaine Road Ranch

87 +/- acres McClaine Road Ranch is a rare offering of 87 acres inside Ardmore City Limits and also borders Lake Murray State Park. This property holds unlimited potential with 60+ acres of rolling pastures and ample road frontage. This diverse acreage also offers a 22 acre wooded lot full of mature hardwood timber and slight elevation changes that would be ideal for future homesites.

UnderContract

Carter County, OK Gill Ranch $255,500

70 +/- acres Gill Ranch provides abundant opportunities for grazing, hunting, or establishing a homesite, and is less than 20 minutes West of I-35 in Carter County, OK.

Carter County, OK Dillard Road Ranch $237,000 70 +/- acres Dillard Road Ranch is a unique combination ranch with both hunting and agriculture juxtaposed on a smaller acreage in Western Carter County.

Carter County, OK Midway Road Ranch

$237,000

$995,000

60 +/- acres This property is located within the coveted Tuttle Public School district on Richland Rd (CR 2920) about 3/4 of a mile south of Bridge Creek Rd (CR 1230). A strip of deeded land leads from Richland Rd to the east. If you've been looking for a place to build a country estate this just might fit the bill! The SELLER WILL NOT...divide!

Grady County, OK

Tuttle Land & Lake

NewListing

50 +/- acres Oaks Savanna is a beautiful property located just north of

This rolling native property covers 50 scenic acres in a rural South-central Oklahoma setting. The ranch covers 50 acres in a scenic and rural setting. General access to the property can be gained on the north boundary of Iona Road. This area of Oklahoma is known as the Crosstimbers region, where the dense old-growth timber forests transition into Post Oak savanna, providing a canopy of shade beside the beautiful native grass prairies.

NewListing

Legendary Land Company | Specializing in Properties with Exceptional Water Features

McClain County, OK

Cross Bar W Ranch

$400,000

39 +/- acres Cross Bar W Ranch 39 is an immaculate tract of land situated six miles East of I-35 on Indian Meridian Road near Wayne, OK. This well-kept property is routinely managed for high quality hay production. McClain County is home to many amazing equine facilities located less than one hour from the OKC Fairgrounds and Remington Park.

Murray County, OK Oaks Savanna Ranch

$250,000

the Arbuckle Mountains near Davis, OK.

for

*Property rights, hunting, and conservation advocacy

*Full-time representation at the State Capitol

*Successfully increased trespassing Þnes, prescribed Þre rights

*Education and outreach through youth and veteran hunts

Become a member today and join us in promoting the preservation of our heritage as we work to protect landowner rights

OKLAHOMA WILDLIFE MANAGEMENT ASSOCIATION

By landowners, for landowners.

*Property rights, hunting, and conservation advocacy

* Full-time representation at the State Capitol

*Successfully increased trespassing fines, prescribed fire rights

*Education and outreach through youth and veteran hunts

Become a member today and join us in promoting the preservation of our heritage as we work to protect landowner rights

For more inforation, visit: www.ok-wildlife.com

For more information, visit: www.ok-wildlife.com