Posts Tagged ‘hunting land’

Rural Land Market Ends Year on a High Note

SW Wisconsin Land Market Update

The rural land market finished the year strong with an average price per acre of $3,745 for the SW Wisconsin region. 3,286 acres changed hands; the most sold during a quarter in the last 2 years.

2017 Rural Land Market Review

1st Quarter – 2,852 acres sold in 29 transactions for an average of $3,384/acre

2nd Quarter – 3,137 acres sold in 38 transactions for an average of $3,484/acre

3rd Quarter – 2,186 acres sold in 26 transactions for an average of $3,055/acre

4th Quarter – 3,286 acres sold in 37 transactions for an average of $3,745/acre

Land Market Update blog post image 4th qtr 2017

Current Market Characteristics

  • Competing offers are common

Properties that hit the market with a correct asking price are selling quickly, often receiving multiple offers and selling close to or at full price. Overpriced properties languish on the market, so despite low inventory, buyers are very in tune to current values and not willing to exceed them.

  • Stronger demand for larger parcels

While the number of transactions during the 4th quarter are down from last year, the number of acres sold increased by 19%. Larger parcels continue to attract buyers this year with the average parcel size sold during 4th quarter at 89 acres.

  • Farmland demand is on the rise

43% more farmland acres sold during 2017 compared to 2016. Farmland comprised 34% of the total acres sold in 2017, whereas farmland acres totaled just 29% of the total acres sold during the previous year.

  • Stage is set for a strong 2018

Sellers and Buyers are coming closer together on price. For all land types and parcel sizes in SW Wisconsin, the 2017 list price to sell price ratio was 90% compared to 86% in 2016.
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4th Quarter 2016 vs. 4th Quarter 2017

Here’s a look at land sales by county in SW Wisconsin:

Grant County
3 tracts of land sold during the 4th quarter 2017 (involving 242 acres) compared to 4 sales during the 4th quarter of the previous year (involving 583 acres). The average price per acre was $3,852 compared to $3,759 a year ago; an increase of 2.5%.

Iowa County
5 tracts of land sold during the 4th quarter 2017 (involving 273 acres) compared to 7 sales during the 4th quarter of the previous year (involving 652 acres). The average price per acre was $4,091 compared to $3,686 a year ago; an increase of 11%.

Lafayette County
3 tracts of land sold during the 4th quarter 2017 (involving 608 acres) compared to zero land sales reported during the 4th quarter of the previous year. The average price per acre was $5,119 compared to $4,688 a year ago. (carried over from third quarter); an increase of 9%.

Sauk County
8 tracts of land sold during the 4th quarter 2017 (involving 449 acres) compared to 10 sales during the 4th quarter of the previous year (involving 479 acres). The average price per acre was $4,693 compared to $3,444 a year ago; an increase of 36%. The value of property within several SW Wisconsin counties is significantly influenced by the location within the county as well as the type of land being sold. As a result, the 36% increase shown may not be an accurate reflection of the actual market value increase.

Vernon County
5 tracts of land sold during the 4th quarter 2017 (involving 230 acres) compared to 7 sales during the 4th quarter of the previous year (involving 320 acres). The average price per acre was $2,986 compared to $3,219 a year ago; a decrease of 7%.

Crawford County
6 tracts of land sold during the 4th quarter 2017 (involving 735 acres) compared to 5 sales during the 4th quarter of the previous year (involving 354 acres). The average price per acre was $2,760 compared to $2,671 a year ago; an increase of 3%.

Richland County
7 tracts of land sold during the 4th quarter 2017 (involving 749 acres) compared to 6 sales during the 4th quarter of the previous year. The average price per acre was $3,166 compared to $2,834 a year ago; an increase of 12%.

For Landowners

If you would like a more detailed land market report for your area (free)*, visit www.LandMarketReport.com for instructions on how to order.

Averages are just guidelines
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 rural land market in Southwest Wisconsin, begin your search here: Southwest-Wisconsin-Real-Estate.com

*Free Land Market Reports are available to landowners for these SW Wisconsin Counties: Grant, Lafayette, Iowa, Sauk, Richland, Crawford, & Vernon
*SW Wisconsin includes Grant County, Lafayette County, Iowa County, Sauk County, Richland County, Crawford County, & Vernon County. All data was sourced 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.
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SW Wisconsin Land Sales Update: Prices Hold Steady in 4th Quarter

By Jay Frazier
Throughout the first three quarters of 2013 the average land sale price in SW Wisconsin made steadfast gains increasing 27.8% from January through September. Now that the 4th quarter has ended we can say that the land market finished the year on a much higher note than it began.

2012-2013 Land Price Comparison

In the 4th quarter of 2013 we saw the average price-per-acre slip about 2% from 3rd quarter ending up at $3,225. The slight dip in price could be due to less farmland being sold which usually has been bringing a higher price-per-acre than other types of land. Farmland comprised about 24% of the total acreage sold in the 4th quarter compared to the norm of 30-35%. This change in buyer activity may be influenced by lack of farmland availability, interest rates, or the lower commodity prices in the second half of 2013.

I think it is noteworthy that the number of transactions completed in the 4th quarter increased 46% over 3rd quarter and total acres sold increased 33% all while prices held mostly steady. This hike in buyer activity without losing the price gains made in the first three quarters suggests the southwest Wisconsin rural land market is pretty healthy going forward into 2014.

SW Wisconsin Rural Land Sales 3rd & 4th Quarters 2013

Grant Iowa Lafayette Sauk
3rd Qtr 4th Qtr 3rd Qtr 4th Qtr 3rd Qtr 4th Qtr 3rd Qtr 4th Qtr
# of sales* 6 6 4 5 2 0 5 8
# acres 513 426 291 388 215 0 274 540
woods 201 171 186 312 75 0 212 303
tillable 279 222 95 45 85 0 61 206
pasture 33 30 8 30 55 0 0 20
wetland 0 0 0 1 0 0 0 9
avg $/acre $3,769 $4,313 $2,970 $3,441 $4,708 $4,708 $3,845 $2,773
Vernon Crawford Richland TOTAL
3rd Qtr 4th Qtr 3rd Qtr 4th Qtr 3rd Qtr 4th Qtr 3rd Qtr 4th Qtr
# of sales* 1 3 3 8 7 11 28 41
# acres 21 108 263 489 481 785 2058 2736
woods 21 95 182 379 376 661 1253 1921
tillable 0 8 33 75 73 114 626 670
pasture 0 4 43 32 26 10 165 126
wetland 0 0 5 2 0 0 5 12
avg $/acre $2,380 $2,304 $2,826 $2,731 $2,564 $2,303 $3,295 $3,225


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: 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.

Hunting Land In SW Wisconsin

by: Jay Frazier

Hunting of most any type has been a long standing tradition in Wisconsin, but deer hunting especially brings enthusiasts to a fever pitch. Much of southwest Wisconsin is prime whitetail deer habitat, so every November the blaze orange army descends on rural areas to seek out these critters. Hunters and non-hunters alike observe the opening day of the gun hunting season with revered traditions. For those not in the know, beware of planning any special events on this day; deer hunting will be the top priority.

Whitetail Deer

I captured this photo of a whitetail buck with a game camera
a couple weeks ago as he walked by my hunting spot.

The geography of southwest Wisconsin having agricultural fields intertwined with wooded hillsides creates a whitetail utopia. While Wisconsin has preserved over 62,000 acres for public hunting in the southwest portion of the state, it can often feel crowded in those woods. With license sales exceeding 600,000 it’s bound to be difficult to find a place on public lands where you don’t see another hunter during a morning stand.

Whitetail Buck game camera

Another game camera photo captured at night with infrared light.

I take deer hunting pretty seriously as my wife will attest. Bow hunting is a passion of mine and from it I have learned you can vastly improve the quality of your hunt by managing the land specifically for deer. Approximately half of the buyers I work with every year are seeking their own hunting paradise with habitat management in mind. Additionally, they are making a long term investment in farmland and/or timberland while providing a wealth of outdoor opportunities for camaraderie and experiences worthy of mention in any memoir.  Perhaps this facet of the real estate market is fairly small in the grand scheme of things but here in southwest Wisconsin the hunting culture makes a strong impact.

Real Estate is also something I take very seriously. Connecting sellers and buyers to create a successful transaction is a challenge I readily accept, especially when the hills and valleys of SW Wisconsin are at the heart of it.

Oak Tree Richland County WI

Whitetail Utopia in Richland County Wisconsin

The southwest Wisconsin hunting land region discussed here covers these counties: Grant County, Crawford County, Vernon County, Richland County, Sauk County, Iowa County, Lafayette County

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