Iowa Appraisal and Research Corp

Iowa Land Auction Prices, August 25-31, 2017

 

Posted on 09/04/2017 at 09:00 AM by Jim Rothermich

Greetings!  More acres of land were auctioned this week as compared to last.  1,355 acres of land were offered, of which 1,200 acres were tillable.  All farms sold.  The market still appears to be strong.  Here are the highlights:

  • 237 acres sold in Crawford County- offered in two tracts:
    • 158 acres- $5,800/acre- 154 tillable acres- CSR2- 71
    • 79 acres- $6,500/acre- 76 tillable acres- CSR2- 70
  • 155 acres sold in Harrison/Crawford County- $4,300/acre- 78 tillable acres- CSR2- 61 (balance pasture & improvements)
  • 194 acres sold in Keokuk County- offered in four tracts;
    • 10 acres- $8,700/acre- all tillable- CSR2- 84
    • 63 acres- $7,350/acre- 56 tillable acres- CSR2- 80
    • 3 acres- improved with dwelling- $110,000
    • 118 acres- $4,900/acre- 89 tillable acres- CSR2- 61 (balance pasture)
  • 40 acres sold in Plymouth County- $11,200/acre- all tillable- CSR2- 78
  • 119 acres sold in Hardin County- $8,400/acre- 110 tillable acres- CSR2- 82
  • 160 acres sold in Butler County- offered in two tracts:
    • 80 acres- $11,200/acre- 77 tillable acres- CSR2- 92
    • 80 acres- $9,500/acre- 77 tillable acres- CSR2- 88
  • 103 acres sold in Marshall County- undisclosed- 99 tillable acres- CSR2- 71
  • 139 acres sold in Story County- $8,600/acre- 135 tillable acres- CSR2- 86
  • 115 acres sold in Pocahontas County- $6,633/acre- 109 tillable acres- CSR2- 84
  • 93 acres sold in Sac County- offered in two tracts:
    • 76 acres- $8,800/acre- 73 tillable acres- CSR2- 87
    • 17 acres- $8,650/acre- all tillable- CSR2- 83

Land auction activity is beginning to pick up. Several realtors have said they have booked estate auctions that will be happening soon. Dry weather and low crop prices are still a concern but no realtor has told me it has resulted in lower land prices. Not yet anyway.

“That’s my story and I’m sticking to it!”  Please check back next week to see what the Iowa land market is doing.

Jim “the Land Talker”

@theLandTalker
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