Ag land prices continue to RISE, Lee County, Iowa, Land Auctions
Agriculture land prices continue to rise in America's Heartland. This week we saw what I believe to be record prices in Lee County, Iowa. The auction was of an Estate in Southeast Iowa. The farm was offered in 10 tracts, resulting in 6 different buyers. Tract 1 consisted of 86 acres with 84 being tillable. This tract brought $8,600.00 per acre. Tract 2 was 61 acres with 55 acres tillable. This tract brought $6,850.00 per acre and sold to the same buyer. Tract 3 was 110 acres with 92 acres tillable. This tract brought $7,350.00 per acre. Tract 4 was 12 acres and consited of the old homestead and outbuildings. The tract brought $115,000.00. Tract 5 was 17 acres with 11 acres tillable bringing $2,600.00 per acre. Tract 6 was 26 acres and consisted of mature woods and was an ideal building spot. This tract brought $1,900.00 per acre. Tract 7 was 41 acres with 16 acres tillable and brought $2,600.00 per acre. Tract 8 was 129 acres with 109 acres tillable. This tract ended up bringing $5,100.00 per acre. Tract 9 was 47 acres with 40 being tillable. The tract brought $6,600.00 per acre and sold to the same buyer as tract 8. Tract 10 was 20 acres, mostly pasture. This tract of land brought $3,100.00 per acre. When all said and done the 550 acre farm totaled $3,322,919.50 equaling $6,024 per acre.
When looking back on the sale of this farm and many of the other recent sales it is easy to see that good tillable land is in high demand. Do you know someone that's the owner of a farm in America's Heartland? Do you think they know todays values? I bet not!
If you know someone that is considering selling give us a call. We pay referral fees to all licensed real estate agents. We are licensed real estate and auction company in America's Heartland (Illinois, Iowa & MIssouri). For more information on us, United Country Wallingford Group, or personal references contact us at (217) 214-2752.
United Country Wallingford Group, providing a customized approach in real estate sales.
Land Prices Soar at Auction - Illinois - Missouri - Iowa
Over the last 12 months or so good agriculture land in West Central Illinois, Northeast Missouri & Southeast Iowa have soared to prices never before seen. The land prices seem to be following the crop prices, up. It starting to make a person wonder, will this ever stop. Just when you think you cant go any higher you hear about another record sale.
Over the last 60 days in West Central Illinois there has been over 380 acres sell in three different auctions. In McDonough Co. Illinois 80 acres sold recently topping out at $10,800 per acre. Next up was 162 acres selling in Adams Co. Illinois. This farm was divided in 4 tracts and bringing $16,000 per acre, $15,000 per acre, $13,000 per acre and finishing up at $12,000 per acre. When all said and done the farm averaged $13,373 per acre. Just a few days ago 132 acres was sold in Pike Co. Illinois near the town of Hull and when the hammer finally fell the price was at $13,250 per acre.
On October 29th, 550 acres was sold at Public Auction in Greene Co. Illinois, near Carrollton. The farm was offered in 10 tracts and the method of sale was High Bidder Choice. Once the dust had settled all 10 tracts were sold to 2 seperate people (30 registered bidders). The out of area Sellers were thrilled with the outcome. The farm brought right at $800 per acre more than the expected.
With ag land selling at these record prices, why not sell? Call United Country Wallingford Group today for a free consultation. United Country Wallingford Group is based in Quincy, Illinois and is a Licensed Real Estate and Auction company in Illinois, Iowa and Missouri. References upon request.
Real Estate Sales and Auctions, Serving MO, IL and IA
Jason resides in Northeast Missouri and holds Missouri, Iowa and Illinois real estate broker's licenses. Jason finished #9 in sales volume among 4,000 salespersons within the United Country franchise for 2007, #4 in 2008, and #8 in 2009. His ability to focus on a sales transaction is uncanny and he maintains an extremely high list:sale ratio. Specializing in large land tracts, rural lifestyle and commercial properties, Jason is the Owner-Broker of United Country Wallingfor Group.
"Dear Mr. Iman, I see that you are the owner of the United Country Central States Land & Auction. I Just had to email you to tell you of the outstanding man that you have working for you! I am on cloud nine and wish I could shake this mans hand or give a big smooch! Jason Wallingford should get the realtor of the year award! He just sold my property at auction today!!!! Not I nor another realtor in the whole state of IL. could pull off what he did! He has 2 cities buzzing! Please tell him how estatic I am and will always remember him as being the MAN! If ever you, your office or Jason needs a recommendation I will be the 1st in line to praise and recommend you all! Thanks again from one very happy customer! Lorna & Silas Grinstead 111 Sturgis, SD "
"Dear Jason, 100% satisfaction is obviously the name of the game. You, as our agent, gave us all kinds of good and necessary information that we needed to sell our daughter's farm for her this past Spring. We appreciate your professional and friendly help. You and your company are highly recommended by us. Thanks again, Bill & Ruth Mann"
"We recently sold a farm listed by Jason Wallingford. Because we live out of the State we interviewed (via phone and personally) , five individuals from other companies. Interestingly, Jason was the only person who visited the property before reporting back to us with a selling plan. In our several conversations we were impressed with his knowledge of the market. No other Broker came close. His price recommendation proved to be exactly right and the sale was concluded within a few months of listing the property. He was very conscious about keeping us updated and informed (sometimes weekly) , during the listing period. In summary, we think Jason's work ethic is unique, effective and imaginative. He is a hard working high achiever. We have other property interest in the area and will be working with Jason in the future. Sincerely, Warren Robbins"
Warren & Barbara Robbins
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