What a week last week! Total of seven parcels sold, ranging from $4100/acre on 103 acres in Butler County, Iowa, up to an average of $10,333/acre on 240 acres in Hardin County. The Hardin County sale ended up over $10,800 per tillable acre, or about $118/CSR point. I did not think we could beat that until Friday in Klemme, Iowa - we sold 76 acres for $9500/acre or $9960/tillable acre or $120/CSR point on tillable. I thought THAT was good until we sold one privately in eastern Iowa on Friday for $122/CSR point on tillable acres. What a great week, and we thank all of our attendees for working with us on the sale of these farms.
Folks, this land market in Iowa is very strong. Demand is unbelievable. At the Hardin County land auction, we had 27 registered bidders, and about 100 total attendees. The 27 were not just tire-kickers, and had spent the time to look into a prospective purchase.
For a number of years, I was licensed in Iowa, Minnesota, South Dakota, and Nebraska. I recently dropped all of those licenses except for Iowa. Iowa is the best place in the WORLD to sell land, or dirt, as I call it. Why would I want to go to other states to sell farms when there is the best dirt in the world out my back door? I drive by this "black gold" every day and admire it more and more each day.
My salesman, Archie Kuntz from Brooklyn, Iowa and I are dedicated to providing service to the land owners and potential buyers of land in Iowa to the best of our abilities. These are our roots and we want to establish those trust relationships with our land owners and purchasers here in Iowa and provide a platform for all sellers to market their property in a professional and simplistic way. We also want to work with potential buyers and build that trust relationship with them as well, as those relationships will lead to successful transactions in the future.
If you are thinking of selling land or if you are looking for land to buy, give us a call, email, or stop by our office. We can provide you with the professional real estate service that has helped to build our business for over 35 years. We are working on several tracts totaling over 760 acres of good quality dirt. More details to come! Have a great week!