February 2021

Found 1 blog entry for February 2021.

Farm Prices-   The Wall Street Journal recently reported that home prices rose an average of 10.4% over the last year.  Sometimes numbers can be misleading.  For our broad farm market including anything 5 acres or more, the average price has increased from $438,144 to $513,900 over the last year.  On paper,  this looks like a 14.7% increase in purchase price.  In realty, farm values are rising but a much slower basis than the average makes it appear.  The total sales volume for the farm market has increased from $108,659,796 to $142,350,269.  The total volume is skewing the average higher but the reality is that average sales price for farms under $500,000 has gone from $186,821 to $193,266, the average sales prices for farms between…
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