Heat check…land prices
- Thread starter Howboutthemdawgs
- Start date
Howboutthemdawgs
5 year old buck +
Auction last night by me. Couple different tracts totaling about 800 acres. 2 tracts went for $10,000/acre. Cheapest was $3600/acre. I guess the impending recession hasn’t hit the land market.
Mortenson
5 year old buck +
Here's one selling in big buck country next week. Has a partially completed barndominium that looks sharp. Bet there's monsters in this hood.
sullivanauctioneers.com
SCHUYLER COUNTY, IL LAND AUCTION - MALCOMSON - Sullivan Auctioneers - Sullivan Auctioneers
SCHUYLER COUNTY, IL LAND AUCTION - MALCOMSON - Sullivan Auctioneers - Sullivan Auctioneers
sullivanauctioneers.com
BenA
5 year old buck +
That's the county I had my first experience with Midwest hunting in the late 90s. Monster bucks there then. If I could go back in time and tell myself something, one of the things would be to save up and buy land there then as soon as possible.Here's one selling in big buck country next week. Has a partially completed barndominium that looks sharp. Bet there's monsters in this hood.
SCHUYLER COUNTY, IL LAND AUCTION - MALCOMSON - Sullivan Auctioneers - Sullivan Auctioneers
SCHUYLER COUNTY, IL LAND AUCTION - MALCOMSON - Sullivan Auctioneers - Sullivan Auctioneers
Howboutthemdawgs
5 year old buck +
What do you think that will go forHere's one selling in big buck country next week. Has a partially completed barndominium that looks sharp. Bet there's monsters in this hood.
SCHUYLER COUNTY, IL LAND AUCTION - MALCOMSON - Sullivan Auctioneers - Sullivan Auctioneers
SCHUYLER COUNTY, IL LAND AUCTION - MALCOMSON - Sullivan Auctioneers - Sullivan Auctioneers
Howboutthemdawgs
5 year old buck +
Once you get above that Shawnee National forest region prices seem to be crazy. Heck even down there they aren’t cheap, but the lack of ag land down there definitely weighs down the average some. Only accessible by an easement is a big anchor but seeing how it has row crop and that nice shell barn/house, I can see between 6-700k.
Mortenson
5 year old buck +
There's some big money in south central IL. Farms that are relatively low in quality have been fetching some insane prices in recent years. Think I heard an 80 one hour NE of St Louis went for like 23K recently. It might have good soils, I'm not sure. They typically wouldn't get as high of yields, but access to nearby good markets, strong basis, and just old, deep pockets wins in the end I guess.
A place 2 miles from me that’s over 1000 acres has been for sale for a few months. A adjoining landowner is actually the listing agent. He posted earlier this week that a 320 acre outparcel of it was carved off and just went under contract for 40% more per acre than I paid 9 months ago. Very similar to mine, except I have only 200 acres. I was a little surprised tbh.
bwoods11
5 year old buck +
That’s a good sign for you !
Howboutthemdawgs
5 year old buck +
Sucks they are carving it up though
Highest and best use…
I listened to a podcast about the development in FL and loss of Osceola habitat. Loss of land to development is what sucks. These little deals don’t mean anything in the grand scheme of things. In rural areas here I think the overall trend may be more toward consolidation than subdivision. Everybody’s trying to buy their neighbor’s place and more natural boundaries are being established according to geography.
Again, development… concrete… are what sucks!
Bszweda
5 year old buck +
What I'm seeing is alot of 100+ acre properties aren't selling. They are asking around 800k. One auction didn't meet reserve, one all timber 100 acre property sold for 430k. I saw an auction for property in McLean county il sell for 10.6k an acre for crap pasture and overgrown bush honey suckle. The problem with land is limited supply.
Mortenson
5 year old buck +
That's interesting. Did you see the listing I linked? Any luck on that last property you were looking at? If not maybe this one will go low. Has a stabbin cabin partially finished as well.
So cool to me how every parcel is so different.
Not to jump threads but it makes me wonder if I need work harder to use land as an investment form. Hard for me to get out of the mindset that land money is hobby money.
Bszweda
5 year old buck +
Still trying find one... Something close, within an hour, which has good access. I might need to join that one just to see what it goes for.
b116757
5 year old buck +
I think prices around me have stabilized a bit compared to a couple years ago at around $5k an acre. Had a 100 acre parcel with old updated farmhouse and 60x100 hay barn listed at $650k I saw the sign is down so it must of sold idk how much per acre they actually got for it haven’t heard yet. That place I would have liked to have bought but wasn’t willing to sell anything else go make that happen. There is also a 1700 acre parcel just came up for sale I noticed this week for $7,450k so about $4400 an acre but a very large tract smaller tracts floating around that $5k mark my guess is in 10 years prices will be double that we saw a really nice escalation in land prices for about 3years now it’s slowed back down to about the norm I think.
Foggy47
5 year old buck +
Just got my property tax statement for this year. I have made no improvements in a few years now. Somehow, my valuation increased by 30% year over year! WTF? Minnesota is in a world of hurt for money now...due to stupid WOKE DFL. I sure hope my home does not go up another 30%.....or I may need to declare war on Tampon Timmy Walz. Wow.
Edit: Of course, all of us snow-birds are in AZ or FL now....and cannot get to the meetings to discuss these crazy taxes they are going to levy. I am glad I am a resident of AZ now....and will soon sell all my assets in MN. Who you gonna get it from next?? Dumb Basturds!!
Edit: Of course, all of us snow-birds are in AZ or FL now....and cannot get to the meetings to discuss these crazy taxes they are going to levy. I am glad I am a resident of AZ now....and will soon sell all my assets in MN. Who you gonna get it from next?? Dumb Basturds!!
Just some thoughts-
I am noting group purchases more an more.....this is a for sure to drive the quality of experience down on their parcel and all adjacent but its becoming more and more the norm with skyrocketing costs
The quality of turn key hunting listings (consulting, advice, etc) is tanking. IE- Box blind in the center plot means scentfree and and any wind or a newly installed deer layout is marketed as a proven strategy to kill giants. These 25-30yo influencer YT gone realtor types are really annoying.....wonder if MeeMaws ghost will haunt them when the trust fund is gone and their crypto crashes.
A lot of these deer sexy parcels are selling to folks who dont hunt them. KNow some are waiting for a giant that may or may not ever show, some may be investors....but this is a economic class that most of us arent in.
We are all anxious to buy and build land, with a list of "desirable features"...one i dont see and should matter is the political climate of law compliance and enforcement. I wouldnt buy in a blue are again because there tends to be more lazy takers than driven folks (including LEO that would pursue game law, conservation or trespass issues). I am also waiting for the drone and poach approach to take off. I love the tech but Higgins will be selling razor wire atop his fences in the future.
I think there is some baffle and bs selling lousy land based on "below the radar" "up and coming" or simply acreage costs thats gained traction. Deer on the sign groups will have Death Valley salt flat listings soon.
The European, or Texas conservation model is the hope fore conversation. The public or knock for access guys appear to be defaulting to "kills for clicks" other than the scouting work shop, IPA flights and trash pickup days lead by your favorite elk shed channel celeb. I wonder how the folks truly doing things for conservation will begin to appear soon. The backside of this, tied with the group invest strategy above, will be "we paid for all of this.....and we need to get something for it, since the neighbor doesnt do anything". Wild Turkeys' will be the writing on the wall for this rambled paragraph becoming an understandable example.
The recent acknowledgment on the private side the CWD (govnt lead) approach is a scam will have an effect. The same with regard to "too many does" most places. I see regulations and landowners having some big friction soon....especially in the horrible DNR states.
I am noting group purchases more an more.....this is a for sure to drive the quality of experience down on their parcel and all adjacent but its becoming more and more the norm with skyrocketing costs
The quality of turn key hunting listings (consulting, advice, etc) is tanking. IE- Box blind in the center plot means scentfree and and any wind or a newly installed deer layout is marketed as a proven strategy to kill giants. These 25-30yo influencer YT gone realtor types are really annoying.....wonder if MeeMaws ghost will haunt them when the trust fund is gone and their crypto crashes.
A lot of these deer sexy parcels are selling to folks who dont hunt them. KNow some are waiting for a giant that may or may not ever show, some may be investors....but this is a economic class that most of us arent in.
We are all anxious to buy and build land, with a list of "desirable features"...one i dont see and should matter is the political climate of law compliance and enforcement. I wouldnt buy in a blue are again because there tends to be more lazy takers than driven folks (including LEO that would pursue game law, conservation or trespass issues). I am also waiting for the drone and poach approach to take off. I love the tech but Higgins will be selling razor wire atop his fences in the future.
I think there is some baffle and bs selling lousy land based on "below the radar" "up and coming" or simply acreage costs thats gained traction. Deer on the sign groups will have Death Valley salt flat listings soon.
The European, or Texas conservation model is the hope fore conversation. The public or knock for access guys appear to be defaulting to "kills for clicks" other than the scouting work shop, IPA flights and trash pickup days lead by your favorite elk shed channel celeb. I wonder how the folks truly doing things for conservation will begin to appear soon. The backside of this, tied with the group invest strategy above, will be "we paid for all of this.....and we need to get something for it, since the neighbor doesnt do anything". Wild Turkeys' will be the writing on the wall for this rambled paragraph becoming an understandable example.
The recent acknowledgment on the private side the CWD (govnt lead) approach is a scam will have an effect. The same with regard to "too many does" most places. I see regulations and landowners having some big friction soon....especially in the horrible DNR states.
