Land Prices

[jd3007]

What is everyone hearing for land prices in their areas? What about availability? I am in east central sask and good clay loam is selling from $800-$1000/acre, average loam soils are from $400-$700/acre, and your sandy loam type soils are selling from $250-$500/acre. I can still get some sandy loam/loam soils in the $425 per cultivated acre range were it has traditiionally been in the $300 range.Not quite as productive as your clay loams but not paying $1000/acre either. Thinking of buying as investors have been grabbing this land at these prices quite quickly.

[hobbyfrmr]

A good time to buy is when you have a seller. Land around here is locked up tight. Standing offers in this area rm 434, 464 are approx. $1300.00/acre to buy.

[hobbyfrmr]

When I think of the last post, much of the information I get is 3rd party, people talking in a regular setting. I would suggest to get the real numbers, look up the FCC website, or talk with your lender. They have the most accurate purchase prices from real transactions that have occured. My area has been higher for rents and purchase price for decades.

[Hopperbin]

I don't see any numbers on that website, only percentage increases for the province as a whole.

[hobbyfrmr]

Hopperbin, I think you have to call in to a representative from a regional office. Its been awhile since I have done this, but know there is a way to acquire average costs for your area. They do not disclose specific individual sales. You can find that by paying ISC to search the title of a property, I think it takes one year after that transaction is complete.

[ado089]

I've told my realestate agent I'll sell at $1,200/ac, rocky, hilly land. But I think the best time to buy is when interest rates are 12% or higher. If you can afford it then you will always be able to afford it.

[Hopperbin]

My past experience in my area is that one is better off buying the more expensive land for higher prices than the poorer land for lower prices. Perhaps the spread is widenning now so really is up to you.