By Jay Frazier
For most of us harsh winter weather means staying indoors as much as possible, but land buyers generally weren’t deterred by our record setting cold winter during the 1st quarter. SW Wisconsin land transactions were nearly on par with last year’s 1st quarter numbers and average prices remain stable at nearly $3200 per acre.
Here are a few specific highlights:
- Grant County showed the most sales with 7 completed transactions and an average $/acre increase of $603 over 4th quarter 2013. Approximately 65% of the acreage sold was tillable farmland.
- Sauk County completed half as many sales as the previous quarter but realized an average increase of $246/acre ending up at $3019/acre.
- Richland County had a very active 4th quarter in 2013 so experienced a drop in total sales but an increase in average prices to $2412/acre for the 1st quarter.
- Vernon County seems to be the only SW Wisconsin County affected much by the season with only 1 transaction closed amounting to only 23 acres.
SW Wisconsin Rural Land Sales 6 Month Report
October 1, 2013 through March 31, 2014
|4th Qtr||1st Qtr||4th Qtr||1st qtr||4th Qtr||1st Qtr||4th Qtr||1st Qtr|
|# of sales*||6||7||5||2||0||2||8||4|
|4th Qtr||1st Qtr||4th Qtr||1st Qtr||4th Qtr||1st Qtr||4th Qtr||1st Qtr|
|# of sales*||3||1||8||4||11||3||41||23|
*SW Wisconsin includes Grant County, Lafayette County, Iowa County, Sauk County, Richland County, Crawford County, & Vernon County. All data was taken from the SCWMLS & WiREx. Because this article was intended to review the rural land market, properties smaller than 20 acres, residential, and commercial land sales were not included. Acreage breakdown may vary due to land remnants and other factors.
Buyers and sellers need to be aware that average sale prices are only a general guideline. An on-site property evaluation by an experienced land agent is needed to give you an accurate picture of what a property is worth in the current market. To learn more about the current land market in Southwest Wisconsin, begin your search here: www.Southwest-Wisconsin-Real-Estate.com