Iowa Appraisal and Research Corp

Iowa Land Auction Prices, October 20-26, 2017

Posted on 10/30/2017 at 09:07 AM by Jim Rothermich

Greetings! More acres of land were auctioned this week as compared to last. 2,061 acres of land were offered, of which 1,752 acres were tillable. One “no sale” but the farm was of lower quality and was in a dry area. The land market continues to be very strong. Here are the highlights:

  • 60 acres sold in Monona County- $3,000/acre- 51 tillable acres- CSR2- 49
  • 215 acres sold in Lucas County- offered in three tracts:
    • 32 acre- $280,000 lump sum- recreational tract (improved with dwelling & outbuildings)
    • 118 acres- $2,039/acre- 52 tillable acres- CSR2- 53
    • 65 acres- $2,217/acre- 55 tillable acres- CSR2- 44
  • 282 acres “no sale” in Lucas County- offered in two tracts:
    • 81 acres- “no sale”- 73 tillable acres- CSR2-22
    • 201 acres- “no sale”- 115 tillable acres- CSR2- 42
  • 33 acres sold in Jefferson County- $6,200/acre- 29 tillable acres- CSR2- 70
  • 787 acres sold in Story County- offered in seven tracts:
    • 80 acres- $9,100/acre- 75 tillable acres- CSR2- 87
    • 160 acres- $11,000/acre- 155 tillable acres- CSR2- 89
    • 80 acres- $8,500/acre- 79 tillable acres- CSR2- 83
    • 149 acres- $11,300/acre- 144 tillable acres- CSR2- 84
    • 158 acres- $11,400/acre- all tillable- CSR2- 85
    • 160 acres- $11,400/acre- 157 tillable acres- CSR2- 86.
  • 160 acres sold in O’Brien County- $13,400/acre- 152 tillable acres- CSR2- 95
  • 120 acres sold in Woodbury County- $7,700/acre- 119 tillable acres- CSR2- 71
  • 404 acres sold in Ida County- offered in three tracts:
    • 88 acres- $6,750/acre- 70 tillable acres- CSR2- 62
    • 236 acres- $7,400/acre- 189 tillable acres- CSR2- 78
    • 80  acres- $7,750/acre- 79 tillable acres- CSR2- 82

Land auctions will be picking up next week. November has numerous farms being auctioned. This will test the stability of the land market.

“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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