Last year saw more ranches coming onto the market, with a 7% increase in the number of properties over 2017, according to Realtor.com. Some of these large properties are working ranches with livestock, but more than half of the listings last year mentioned the property's main purpose was for recreation. Another agent, Ken Mirr, founder of Mirr Ranch Group, says 2018 was one of his firm's best years ever, as well. Ranches on the lower end of the market can sell for anywhere from hundreds of thousands of dollars up to a few million. Ultimately, he bought a $2.5 million, 70-acre ranch in the Bitterroot Valley of Montana.

Source: CNN February 08, 2019 19:07 UTC