Published on Jan 26, 2017 by Peoples Company
PRICE/ACRE UPDATE
There were 18+ tracts of land sold at auction between January 14th and January 20th. During these auctions, there was a total of 1,874 +/- acres available for purchase and of those acres, 1,512 +/- were tillable acres. The sale results were stable overall and there were no “no-sales”. The Price/Acre ranges from $675/acre for a WRP tract in southeast Iowa to $12,400/acre for a tillable tract in northwest Iowa. The average Dollar ($) / Tillable CSR2 point for the tracts that successfully sold is $117/pt.
A few of the highlights from last week:
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 December 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