Land Prices I think have Peaked!

[newguy]

Ado .Think you are confused. Never said
land was going up I never said I was
buying. Just saying land near growing
populations will hold it's value.
Sometimes you have to look at history as
Sask farmer says but I say look at Alberta
who has been through this a few years ago
to tell you what is happening here.

[riders2010]

wow that is a steal of a deal for 7 quarters why not list it bet she d be sold in a heartbeat especially if you found someone to rent it back.

[charliep]

Living in the bubble you talk about in Alberta, I would cautious in your assessment of land around cities and up/down highway 2. Your driver of value is more the general economy and peoples willingness to invest in an asset. A general slowdown in the economy that forces people to look for funds quickly to look after gaping holes in other aspects of their financial life could drop these values quickly. Long term, you may be right in terms of asset values but you have to survive the short term. If you own your land free and clear, then the price is just a number you can brag about unless you are planning on selling. The interesting difference between a net worth (actual value of your land included) and your balance sheet (land valued at cost).

[riders2010]

What does farm land sell for at different places in alberta?
Calgary to Edmonton Area
East side of province
South side of province
Peace area.

Are land values exactly the same on the sask alta border in each province?

[charliep]

Here is a look at some Alberta numbers. Don't have Saskatchewan ones. Be careful when looking at value as some non arms lenghth/family transactions may be in the mix. Also look at number of transaction/acreage.

[URL="http://www1.agric.gov.ab.ca/$department/deptdocs.nsf/all/sdd1504"]Alberta Land Prices[/URL]

[AlbertaFarmer5]

Prices here range from under $2000 to
almost $3000 per acre with some
exceptions much higher. The price
difference usually has more to do with
the recreation value than the farming
potential. Many quarters around here
now belong to weekend warriors from
Calgary, which is about 1 1/2 hours
south of here, where prices are
multiples of our prices. Much of this
land has oil revenue. lots of jobs
within driving distance. Mountain view,
very close to the edge of the
farmland/mountains. Closer to highway
2, prices are closer to $5000 from what
I've heard. Not many sales that I see,
likely a lot more private sales.

I have no idea when it will/has peaked,
except that I have heard that prices are
too high, and sure to correct since the
late eighties. Of course I've also
heard that they aren't making any more
of it, but last I checked, they are
making a lot more of it in SA and
Africa.

[BTO_farmall]

SF3,

You Be Ever So Kind and Tell Me Who This Lady is From Ontario????? Or Even The Business Name, Oh n' What About a Phone Number????? Anything Will Do, Thanks Appreciate it Man!!!!!!!!!!!!!!!!

[SASKFARMER3]

BTO thinking of selling!
Ill get it by end of today as its a relator in Saskatoon. I cant spell his name.
They are buying, but lower valued land. Their paying between 129 and 180 plus renting it back to the owner if he wants. Cash takes a while but it comes in end. Week or three late.
Big purchases in 360 range are for 80 assessment to 97. that's locals or investor group out of Ontario.

[BTO_farmall]

La da da dee da do, La da da dee da do, La da da dee da do, SF3, Sitting Here Waiting Patiently 4That #, La da da dee da do, La da da dee da do!!!!!!!!!!!!!!!

[Oliver88]

So if land that is accessed 80-97 is selling for
$360,000per quarter, what kind of $ are these
investors asking for a cash rent?
(At 5% return it would be $112.50/acre based on
a 160 acre quarter.)