Land Market Stable Despite Harsh Winter: SW Wisconsin Land Sales Update

By Jay Frazier
For most of us harsh winter weather means staying indoors as much as possible, but land buyers generally weren’t deterred by our record setting cold winter during the 1st quarter. SW Wisconsin land transactions were nearly on par with last year’s 1st quarter numbers and average prices remain stable at nearly $3200 per acre.

SW Wisconsin Land Price Trends 2012 - 2014

Here are a few specific highlights:

  • Grant County showed the most sales with 7 completed transactions and an average $/acre increase of $603 over 4th quarter 2013. Approximately 65% of the acreage sold was tillable farmland.
  • Sauk County completed half as many sales as the previous quarter but realized an average increase of $246/acre ending up at $3019/acre.
  • Richland County had a very active 4th quarter in 2013 so experienced a drop in total sales but an increase in average prices to $2412/acre for the 1st quarter.
  • Vernon County seems to be the only SW Wisconsin County affected much by the season with only 1 transaction closed amounting to only 23 acres.

SW Wisconsin Rural Land Sales 6 Month Report

October 1, 2013 through March 31, 2014

Grant Iowa Lafayette Sauk
4th Qtr 1st Qtr 4th Qtr 1st qtr 4th Qtr 1st Qtr 4th Qtr 1st Qtr
# of sales* 6 7 5 2 0 2 8 4
# acres 426 429 388 148 0 185 540 226
woods 171 57 312 60 0 11 303 102
tillable 222 279 45 47 0 138 206 52
pasture 30 91 30 30 0 14 20 72
wetland 0 1 1 10 0 20 9 0
avg $/acre $4,313 $4,916 $3,441 $3,012 $4,708 $3,020 $2,773 $3,019
Vernon Crawford Richland TOTAL
4th Qtr 1st Qtr 4th Qtr 1st Qtr 4th Qtr 1st Qtr 4th Qtr 1st Qtr
# of sales* 3 1 8 4 11 3 41 23
# acres 108 23 489 309 785 217 2736 1537
woods 95 6 379 199 661 177 1921 612
tillable 8 15 75 104 114 40 670 675
pasture 4 0 32 3 10 0 126 210
wetland 0 0 2 2 0 0 12 33
avg $/acre $2,304 $3,397 $2,731 $2,591 $2,303 $2,412 $3,225 $3,195


Buyers and sellers need to be aware that average sale prices are only a general guideline. An on-site property evaluation by an experienced land agent is needed to give you an accurate picture of what a property is worth in the current market. To learn more about the current land market in Southwest Wisconsin, begin your search here: www.Southwest-Wisconsin-Real-Estate.com

*SW Wisconsin includes Grant County, Lafayette County, Iowa County, Sauk County, Richland County, Crawford County, & Vernon County. All data was taken from the SCWMLS & WiREx. Because this article was intended to review the rural land market, properties smaller than 20 acres, residential, and commercial land sales were not included. Acreage breakdown may vary due to land remnants and other factors.

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