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Like real estate stats for the state of Wisconsin, rural land sales in Southwest Wisconsin are also on the rise, according to information from Rural Property Pro Jay Frazier.
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According to Jay?s blog post ?Five of the seven counties in this area saw an increase in the number of sales with Sauk County leading the way. Overall land transactions were up for the 2nd quarter compared to 2011. ?
?The average price per acre for the whole area of Southwest Wisconsin increased 3.5% since last year so prices are slowly strengthening. We can confidently say the market is recovering nicely, although it will probably be some time before we return to a market like we saw in 2006. In my own business, I am seeing multiple offers as well as shorter days on market. These are two more characteristics of an improving market.?
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?Land Sales Grant County
# sales 2nd quarter of?2012:?7?vs 2011 sales:11
Price per acre 2012:?$3,417?vs?$2,278?2011
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Land Sales Layfayette County
# sales 2nd?quarter of?2012:?9?vs 2011 sales:?3
Price per acre 2012:?$3,961?vs?$3,177?2011
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Land Sales Richland County
# sales 2nd?quarter of??2012:?10?vs 2011 sales:?11
Price per acre 2012:?$1,965?vs?$2,509?2011
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Land Sales Sauk County
# sales 2nd quarter?2012:?12?vs 2011 sales:?5
Price per acre 2012:?$3,544?vs?$4,437?2011
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Land Sales Crawford County
# sales 2nd?quarter of?2012:?10?vs 2011 sales:?3
Price per acre 2012:?$2,288?vs?$2,530?2011
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Land Sales Vernon County
# sales 2nd?quarter of?2012:?3?vs 2011 sales:?2
Price per acre 2012:?$1,960?vs?$1,870?2011
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Land Sales Iowa County
# sales 2nd?quarter of 2012:?7?vs 2011 sales:?4
Price per acre 2012:?$4,146?vs?$3,861?2011
?Source SCWMLS. Jay analyzed rural land so properties smaller than 15 acres and commercial land are not included.
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Per Jay?s research, rural land in WI may have turned a corner. ?See much more details at his?Southwest Wisconsin real estate blog. You can search for?rural land for sale in Wisconsin at Jay?s site?or?firstweber.com.
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?Jay Frazier,?First Weber Group Muscoda
Thanks for reading the First Weber Wisconsin real estate and Wisconsin living blog for information on rural land sales in Southwest Wisconsin
Chart courtesy of Jay Frazier
Photo credit :?http://www.flickr.com/photos/bitterroot/199570537/
http://creativecommons.org/licenses/by-nd/2.0/deed.en
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