Iowa Appraisal and Research Corp

Iowa Land Auction Prices, November 17-23, 2017

 

Posted on 11/27/2017 at 06:23 PM by Jim Rothermich

Greetings! Fewer acres of land were auctioned this week as compared to last. 4,088 acres of land were offered, of which 3,192 acres were tillable. There was one “no sale” but the realtor thought he would get the farm sold this week. Investor buyers are being very aggressive currently. They are being very competitive at land auctions. Here are the highlights:

  • 233 acres sold in Franklin County- offered in 2 tracts:
    • 80 acres- $5,400/acre- 78 tillable acres- CSR2- 60
    • 153 acres- $5,000/acre- 146 tillable acres- CSR2- 64
  • 87 acres sold in Winnebago County- $6,525/acre- all tillable- CSR2- 67
  • 175 acres sold in Sioux County- offered in two tracts:
    • 115 acres- $8,450/acre- 112 tillable acres- CSR2- 60
    • 60 acres- $7,600/acre- 54 tillable acres- CSR2- 77
  • 114 acres sold in Marshall County- $9,300/acre- 106 tillable acres- CSR2- 77
  • 236 acres sold in Osceola County- offered in two tracts:
    • 156 acres- $10,600/acre- 146 tillable acres- CSR2- 95
    • 80 acres- $8,900/acre- 74 tillable acres- CSR2- 79
  • 319 acres sold in Crawford County- offered in three tracts:
    • 171 acres- $4,250/acre- 155 tillable acres- CSR2- 47
    • 35 acres- $5,200/acre- all tillable- CSR2- 36
    • 113 acres- $6,200/acre- 103 tillable acres- CSR2- 69
  • 80 acres sold in Plymouth County- $13,500/acre- 76 tillable acres- CSR2- 94
  • 440 acres sold in Davis County- offered in two tracts:
    • 160 acres- $5,100/acre- 74 tillable acres- CSR2- 50
    • 280 acres- $1,700/acre- recreational tract
  • 337 acres sold in Page County- offered in three tracts:
    • 152 acres- $9,900/acre- 150 tillable acres- CSR2- 86
    • 146 acres- $8,750/acre- 140 tillable acres- CSR2- 83
    • 39 acres- $9,150/acre- 38 tillable acres- CSR2- 84
  • 80 acres sold in Butler County- $6,875/acre- 77 tillable acres- CSR2- 87
  • 116 acres sold in Sac County- $9,900/acre- 112 tillable acres- CSR2- 93
  • 78 acres sold in Appanoose County-$3,250/acre- 50 tillable acres- CSR2- 47
  • 53 acres “no information” in Winneshiek County- recreational tract
  • 631 acres sold in Wayne County- offered in seven tracts- purchased as six units:
    • 81 acres- $3,100/acre- 65 tillable acres- CSR2- 51
    • 121 acres- $2,925/acre- 87 tillable acres- CSR2- 52
    • 126 acres- $5,350/acre- 114 tillable acres- CSR2- 59
    • 204 acres- $4,850/acre- 175 tillable acres- CSR2- 54
    • 95 acres- $7,000/acre- all tillable- CSR2- 60
    • 4 acres- lump sum- $160,000 (farm stead & outbuildings)
  • 113 acres “no information” in Winneshiek County- 52 tillable acres- CSR2- 44
  • 243 acres sold in Lyon County- offered in three tracts:
    • 81 acres- lump sum- $1,350,000- 42 tillable acres- CSR2- 69 (includes cattle feeding operation)
    • 81 acres- $14,100/acre- 77 tillable acres- CSR2- 68
    • 81 acres- $14,600/acre- all tillable- CSR2- 69
  • 60 acres sold in Lyon County- $10,600/acre- 59 tillable acres- CSR2- 71
  • 157 acres “no sale” in Page County- 133 tillable acres- CSR2- 61
  • 412 acres sold in Mills County- offered in three tracts- purchased as 2 units:
    • 205 acres- $6,900/acre- 154 tillable acres- CSR2-82
    • 207 acres- $4,450/acre- 124 tillable acres- CSR2- 70
  • 124 acres sold in Scott County- $11,700/acre- 121 tillable acres- CSR2- 85

Harvest is wrapping up. There are just a couple of fields left to harvest and would expect them to disappear with the good weather forecasted this week.

“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
Monthly Iowa land auction results email:  Click here to subscribe.

Comments
There are no comments yet.
Add Comment

* Indicates a required field

© 2018 Iowa Appraisal and Research Corp. All rights reserved.