Published on Dec 8, 2016 by Peoples Company
There were 30+ tracts of land sold at auction between November 26th and December 2nd. During these auctions, there was a total of 3,637 +/- acres available for purchase and of those acres, 3,316 +/- were tillable acres. Overall, the sale results were “good” with several “strong” sales. That said, there were four tracts that were “no sales”. The Price/Acre ranges from $3,100/acre for a tillable tract in southwest Iowa to $11,500/acre for a tillable tract in both northwest Iowa and eastern Iowa. The average Dollar ($) / Tillable CSR2 point for the tracts that successfully sold is $114/pt.
A few of the highlights from last week:
The month of November was a very active month for land auctions in Iowa. Per our records, there were 130 tracts marketed to be sold at auction in November. Of these tracts, 117 tracts successfully sold and 13 tracts were “no-sales”. Our November Auction Results report is now available.
Check back next week for continued conversation on the auctions we’re seeing from around the state and be sure to take a look at our November Auction Results. Please make sure and hit the “like” button on Facebook and follow us on Twitter @PeoplesCompany.
Thank You!
The Peoples Company Appraisal Team