Iowa Appraisal and Research Corp

Iowa Land Auction Prices, December 8-14, 2017

Posted on 12/18/2017 at 02:38 PM by Jim Rothermich

Greetings! Fewer acres of land were auctioned this week as compared to last. 4,481 acres of land were offered, of which 3,945 acres were tillable. There were several “no sales” and after visiting with the realtors, it sounds like the farms will likely sell. Sale prices continue to be stable to strong. Here are the highlights:

  • 160 acres sold in Adair County- $3,200/acre- 134 tillable acres- CSR2- 49
  • 190 acres sold in Winneshiek- $7,500/acre- 158 tillable acres- CSR2- 78
  • 109 acres sold in Pottawattamie County- $6,150/acre- 99 tillable acres- CSR2- 61
  • 156 acres sold in Shelby County- offered in two tracts:
    • 116 acres- $5,300/acre- 73 tillable acres- CSR2- 62
    • 40 acres- $4,600/acre- all tillable- CSR2- 65
  • 424 acres sold in Cerro Gordo County- offered in three tracts:
    • 154 acres- $9,500/acre- 149 tillable acres- CSR2- 80
    • 70 acres- $7,850/acre- 68 tillable acres- CSR2- 82
    • 200 acres- $7,850/acre- 199 tillable acres- CSR2- 80
  • 157 acres sold in Harrison County- $6,150/acre- 151 tillable acres- CSR2- 44
  • 75 acres sold in Shelby County- $8,678/acre- 66 tillable acres- CSR2- 72 (includes 2% buyer fee)
  • 155 acres sold in Plymouth County- $11,900/acre- all tillable- CSR2- 88
  • 113 acres sold in Adams County- $8,744/acre- 104 tillable acres- CSR2- 85
  • 115 acres “no sale” in Tama County- 110 tillable acres- CSR2- 110
  • 254 acres sold in Mitchell County- offered in two tracts:
    • 160 acres- $7,900/acre- all tillable- CSR2- 91
    • 94 acres- $8,000/acre- 90 tillable acres- CSR2- 89
  • 40 acres sold in Madison County- offered in two tracts:
    • 22 acres- $8,600/acre- 19 tillable acres- CSR2- 83
    • 18 acres- $6,000/acre- 9 tillable acres- CSR2- 85
  • 147 acres sold in Benton County- $7,700/acre- all tillable- CSR2- 77
  • 138 acres sold in Polk County- offered in three tracts:
    • 60 acres- $12,000/acre- 56 tillable acres- CSR2- 79
    • 57 acres- $8,800/acre- 28 tillable acres- CSR2- 72
    • 21 acres- $7,950/acre- 13 tillable acres- CSR2- 73
  • 340 acres sold in Audubon County- offered in two tracts:
    • 180 acres- $7,800/acre- 161 tillable acres- CSR2- 73
    • 160 acres- $6,900/acre- 149 tillable acres- CSR2- 72
  • 120 acres sold in Fremont County- $4,525/acre- 115 tillable acres- CSR2- 55 (Missouri River Bottom)
  • 76 acres sold in Worth County- 73 tillable acres- CSR2- 91
  • 480 acres “no sale” in Sioux County- 438 tillable acres- CSR2- 66
  • 721 acres partial sale in Butler County- offered in five tracts:
    • 80 acres- $9,500/acre- all tillable- CSR2- 84
    • 162 acres- $3,150/acre- 131 tillable acres- CSR2- 86 (Shell Rock River Bottom)
    • 119 acres- $3,650/acre- 55 tillable acres- CSR2- 76 (Shell Rock River Bottom)
    • 80 acres- $4,650/acre- 72 tillable acres- CSR2- 64
    • 280 acres- “no sale”- 176 tillable acres- CSR2- 69 (Shell Rock River Bottom)          
  • 164 acres sold in Butler County- offered in two tracts:
    • 79 acres- $8,500/acre- 77 tillable acres- CSR2- 88
    • 85 acres- $7,300/acre- 73 tillable acres- CSR2- 85
  • 200 acres sold in Buena Vista- offered in two tracts:
    • 160 acres- $7,350/acre- 153 tillable acres- CSR2- 78
    • 40 acres- $3,800/acre- 22 tillable acres- CSR2- 73
  • 147 acres “no sale” in Calhoun County- 142 tillable acres- CSR2- 80

“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.

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