land auction today

[farmaholic]

A couple of quarters at Sintaluta Sk sold for $331,000 and $341,000.

$248800 and $219000 fair value assessment, west half of same section.

[farmaholic]

Screen shot of area, compare it to rbauction listing map to locate quarters that were sold.

[ajl]

Some bankers will be busy reviewing financial statements tomorrow looking for negative equity. Though the Yorkton sale was reasonable too with cultivated ground at $1200 per cultivated acre. Around or under assessment. Some of the better ground selling here east of Edmonton recently, seemed to maintain the 500 to 600K per quarter of the last 5 years. Poorer stuff here just stays for sale for years as sellers won't take less.

[farmaholic]

Those are some interesting results. Some sold for about 1X assessment and some well below that. High was only about $1000/ac.........

WTF&Y

Too much for sale at once and not enough buyers

Some quality issues(based on assessment)

Screen shot in next post....

[Robertbarlage]

anyone buy up the land today at RB sale today?