Please Wait a Moment
X

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

1031 Exchanges for Mineral Rights: Can You Really Defer Taxes?

1031 Exchanges for Mineral Rights: Can You Really Defer Taxes?

Many investors assume that Section 1031 tax exchanges can’t be used to own assets like mineral righ...

Read More >
What Does the Decline in Hunting Mean for Recreational Land Real Estate?

What Does the Decline in Hunting Mean for Recreational Land Real Estate?

Over the last five years, the number of hunters has decreased by 15 percent.

Read More >
RLI Members Represent Land as a Commercial Specialty at NAR NXT

RLI Members Represent Land as a Commercial Specialty at NAR NXT

Our industry remains strong for land professionals and the consumer thanks to the commitment of land...

Read More >
The Sky Is Not Falling: Why the Land Market Feels Better Than It Sounds

The Sky Is Not Falling: Why the Land Market Feels Better Than It Sounds

If you were to gauge the future of the land market solely by scrolling through social media or tunin...

Read More >
Does Wind Cool a Hot Housing Market, or are Wind Farm Worries Overblown?

Does Wind Cool a Hot Housing Market, or are Wind Farm Worries Overblown?

For rural communities that may go years between major investments, the arrival of a wind farm has la...

Read More >
LANDU Education Week Attendees Awarded ALC Pins At NLC19

LANDU Education Week Attendees Awarded ALC Pins At NLC19

Once a year, the REALTORS® Land Institute (RLI) offers land professionals the opportunity to greatly...

Read More >
You need to login in order to comment