Please Wait a Moment

The Voices of Land blog

Get insight on current land trends and issues from experts across the land real estate industry.

16Oct

September 2018 Land Sales Summary

Based on data shared through the Lands of America Comparable Sales Program in September 2018, there were 161 properties listed as sold by REALTORS© Land Institute Members. This represents approximately $62 million and 25,000 acres of land and rural real estate sold across 26 states, the most active being Texas, Illinois and Georgia. September 2018 sales activity by REALTORS© Land Institute Members participating in the program decreased by 24 percent over the previous month and 7 percent compared to sales volume from the same period in 2017.

Congratulations to Peoples Company’s Jared Chambers, who was the agent representing the sale at auction of two South Dakota cattle ranches totaling a combined 8,075 acres. The month’s largest recorded land sale by REALTORS© Land Institute Members participating in the Lands of America Comparable Sales Program, these properties were auctioned for an undisclosed sum. These ranches sit in the heart of western South Dakota’s ranching country close to the small town of Faith.

The most expensive land sale recorded in September by REALTORS© Land Institute Members participating in the Lands of America Comparable Sales Program was the $5.3-million sale of a large dairy farm in south-central Florida by Benjamin E. Crosby, ALC, of Crosby & Associates, Inc. The Winter Haven, Florida-based brokerage, in business since 1983, specializes in commercial and agricultural land sales in the Southeast, particularly Florida.

__________________________________________________________________________________

The Lands of America Comparable Sales Program includes over 260,000 individual sales records dating back to March 2000. The program was put together to offer one centralized, nationwide location to assist in valuating properties. Sales information is shared on a voluntary basis by individual program participants.

About the Author

Related

North Dakota Judge Halts Harmful WOTUS Rule in 24 States

North Dakota Judge Halts Harmful WOTUS Rule in 24 States

A U.S. District Court for the District of North Dakota halted the 2023 WOTUS Rule in 24 states on Ap...

Read More >
New Farm Bill Legalizes Hemp in Land Real Estate Industry

New Farm Bill Legalizes Hemp in Land Real Estate Industry

After the 2018 farm bill was signed, hemp became legal in America. Learn all about what this new law...

Read More >
Top Dos and Don’ts for a Compelling ALC Application & Portfolio

Top Dos and Don’ts for a Compelling ALC Application & Portfolio

If you're applying to become an Accredited Land Consultant (ALC) avoid these missteps and follow...

Read More >
New Data and Market Analysis for Land Brokerage Site Selection and Feasibility

New Data and Market Analysis for Land Brokerage Site Selection and Feasibility

Land professionals conducting commercial land transactions should stay abreast of the latest market ...

Read More >
Does Your Forestland Have Curb Appeal?

Does Your Forestland Have Curb Appeal?

As with residential property, there are steps a landowner can take to add value and make forest acre...

Read More >
How and Why To Invest in Farmland

How and Why To Invest in Farmland

Advice from an expert Accredited Land Consultant (ALC) on how and why to invest in farmland. Make su...

Read More >
You need to login in order to comment