Recent Hertz Sales Surpass Expectations
Whether it be by Auction, Listing or Sealed Bid Sale, let the Hertz Real Estate Services professionals assist you with the sale of your farmland. Sales in the countryside have been steady to slightly stronger this past quarter as witnessed by some of these sales:
247.40 Acres in Delaware Co., IA, near Petersburg, sold in 3 parcels via Virtual Live Auction. 128.64 acres with 123.18 tillable acres and a CSR2 of 54.00 sold for $8,100/Ac.; 81.12 acres with 80.09 tillable acres and a CSR2 of 76.20 sold for $14,300/Ac.; and 37.64 acres with 33.63 tillable acres and a CSR2 of 92.8 sold for $17,100/Ac.
435.64 Acres in Peoria and Stark Counties, IL, near Princeville, sold via Virtual Live Auction in 4 parcels. Two parcels totaling 206 acres with 200.23 tillable acres and an average PI of 134.5 sold for $11,200/Ac. A third parcel with 157.25 total acres and 156.40 tillable acres with a PI of 134.5 sold for $7,100/Ac. The final parcel with 72.39 acres and 71.81 tillable acres with a PI of 141.80 sold for $14,900/Ac.
152.56 Acres in Pierce Co., NE, near Osmond, sold via One-Chance Sealed Bid Sale for $8,210/Ac. This short-quarter, irrigated farm had 150.33 tillable acres.
467.68 Acres in Coles Co., IL, near Charleston, sold via Private Listing for $10,250/Ac. This mostly pattern-tiled farm had 465.21 tillable acres with a PI of 138.10. 232.07 Acres in Dallas Co., IA, located south of Adel, sold via One-Chance Sealed Bid Sale for just over $19,010/Acre. This farm with 226.5 tillable acres and an average CSR2 of 88.0 was near the edge of residential expansion and carried development-potential value.
In-depth knowledge of the local market is key to a successful farmland sale or purchase. Let our team of Real Estate experts answer any questions you may have on your local market.