How much does an acre of land go for in your area?

[Mousefield]

Pulled up vacant land in our area, within 5 miles of us.

$270,000. One of three approximate (5.1 acres) 2+ hectare parcels available. The zoning is R1 and not in the ALR, two homes permitted and the possibility of a builders strata. All parcels have a drilled well, are perimeter fenced, paved road on Burbank, well treed for privacy, some gravel deposits on each parcel. Located at the end of a quiet road, close to trails.

$349,900. The beautiful setting of this nearly 11 acre site will capture your imagination to see the potential of the estate you can create and maintain your privacy on this peaceful property. With French Creek flowing across the front and a gentle slope to the south end with access available from two roads the selection of potential home sites is endless. Frontages and hydro services available at either Grafton Road or Tintern Rd, gates and a fence has been installed on Grafton Rd, it also has a water license for the creek. Dimensions of approximately 360'x1350', ALR zoned and good value in timber the options abound for this site. This is the first time this property has been offered for sale since 1911

$399,000. Looking for an absolutely private mountain view acreage...almost 20 acres in Hilliers at the end of a quiet road. Less than 10 minutes to Qualicum. This acreage has a pond and creek forming the southern boundary.

$799,000.
Rare offering, 60 acres with a new access off the end of Middlegate Road. This property is partially cleared but still has a large portion timbered. There are also gravel reserves on site. Ready for your ideas. Property is extremely private, and surrounded by rural properties and adjacent to resource managed lands backing onto Englishman River.

Just amazed at some of the cheap prices in other parts of Canada and USA.

 

[R_Walter]

I am not keen on the stock market and invest in other things. Where I live land never really went up big nor has it gone down any to speak of. I own a little over a couple hundred acres total now and I think I'm going to buy another lot.

You must own a whole bunch of lots to total over a couple hundred acres?

 

[R_Walter]

A little over a year ago we bought 40 acres for 12K in the mountains of New Mexico. That is 300 per acres, so don't hate on me I was just in the right place at the right time.

They've been trying to sell those subdivision lots down there by Datil forever. Glad they got rid of one.

 

[UpToNoGood]

They've been trying to sell those subdivision lots down there by Datil forever. Glad they got rid of one.

Datil and the area around it is quite large. I am over 45 mins from the town of Datil so I don't think you know what you are talking about not knowing where I am.

BTW I don't recall you listing what you paid for your land or did I miss it?

 

[R_Walter]

Over west of me three miles there's a 1.5 section piece (960 acres) on the market for $385,000. It's mostly low lying range land with several gas wells on it, but does have some higher treed spots. East of me on the border with the Santa Fe Nat'l Forest there's a 240 acre piece for sale at $450,000. It's high up and covered with Ponderosa, Pinon and Juniper. My house down near the big city sits in a little village on the outskirts with 1 acre lots going for $300,000 5 years ago. Now they're more like $150 - $200K after the bust. It just depends... location, location, location

 

[R_Walter]

Datil and the area around it is quite large. I am over 45 mins from the town of Datil so I don't think you know what you are talking about not knowing where I am.

BTW I don't recall you listing what you paid for your land or did I miss it?

Give me the name of the subdivision you bought in and you'll know whether I know what I'm talking about. I worked for years in dividing up some ranches down there. I know that area like the back of my hand.

 

[Dargo]

You must own a whole bunch of lots to total over a couple hundred acres?

Not really. There are some guys on here with a whole lot more land than I have. I'm just a small fish in a big ocean. One large (to me) lot I have is right at 200 acres itself. The others range from a rental house on a half acre to a medium sized lot just over 5 acres in a high end subdivision to the little 12 acre lot my house sits on. I know quite well I'm just a speck on the map compared to several here.

 

[g0rd0]

In 1996 I got this place house and barn and 32 acers for 60g canadian. now 2miles up the back road from me is a 3bdroom 2 bath self sustained never lived in log home with its own solar and wind electricity plus 595 acers for 1.5 mil canadian. Go figure. It all depends on the 3 greats of realestate location, location,location

 

[Lloyd_E]

20 plus years ago we bought our place for 50+K. 12 acre farm/200 year old house with work shop over looking the ocean within commuting distance to capital city. Totally needed a reno... 30 amp service, no furnace, or insulation. We rebuilt as we could afford. First six months we worked evenings 6 PM - 1 in the morning and all weekends to get it liveable. Each year or two after we did a major project. Most of the work we did ourselves. Talk about sweat equity. I can thankfully say within that time we re-morgaged a few times but paid it off plus built a few more buildings. Before the market bust we could have got about $500,000 for it. We looked at selling but in order to stay in the area we would have paid more for what we had... We still could get around $325,000 but again we looked at what is out there.

A note from the wealthy barber is taken here... doesn't apply to everyone... a lot of people buy and sell to gain equity... spending a lot on additional fees/lawyers/taxes/bank fees etc. if you pick the location and improve over the long haul you may gain a better percentage. Just say'in...

 

[ultrarunner]

20 plus years ago we bought our place for 50+K. 12 acre farm/200 year old house with work shop over looking the ocean within commuting distance to capital city. Totally needed a reno... 30 amp service, no furnace, or insulation. We rebuilt as we could afford. First six months we worked evenings 6 PM - 1 in the morning and all weekends to get it liveable. Each year or two after we did a major project. Most of the work we did ourselves. Talk about sweat equity. I can thankfully say within that time we re-morgaged a few times but paid it off plus built a few more buildings. Before the market bust we could have got about $500,000 for it. We looked at selling but in order to stay in the area we would have paid more for what we had... We still could get around $325,000 but again we looked at what is out there.

A note from the wealthy barber is taken here... doesn't apply to everyone... a lot of people buy and sell to gain equity... spending a lot on additional fees/lawyers/taxes/bank fees etc. if you pick the location and improve over the long haul you may gain a better percentage. Just say'in...

Sounds like you live in Ann of Green Gables Country?

The advice to stay put and improve can be the best of all worlds if the property is in the right location... a disaster if the area is in a continuous state of decline...

 

[canoetrpr]

A note from the wealthy barber is taken here... doesn't apply to everyone... a lot of people buy and sell to gain equity... spending a lot on additional fees/lawyers/taxes/bank fees etc. if you pick the location and improve over the long haul you may gain a better percentage. Just say'in...

An excellent point. We looked very seriously at selling and puchasing a 100 acre farm which I loved when I saw it. When I added up the costs in real estate fees, lawyer fees, land transfer tax and moving costs, that alone added up to over $80k!!!! I'd love the additional land and much nicer land (paddock I was going to move cows to tomorrow is flooded again with big storm last night :-( ). That is a lot of money to lose however - for no real good reason.

Just think about the size of cabbed tractor I could buy with $80k!

 

[UpToNoGood]

They've been trying to sell those subdivision lots down there by Datil forever. Glad they got rid of one.

When you say "got rid of one" you make it sound like there is a problem with that area. Well huh?

 

[flusher]

I paid $10,500/acre for 10 acres of flat pasture in the North Sacramento Valley in late 2004. Price now is around $7K/acre based on the reassessment forced by Prop 13 due to the real estate slump.

 

[Cranky]

The most expensive land on a per acre basis is probably cemetery plots.

 

[acme97]

What a shame, I hope that never happens to the area I live in. So many times I hear from young people around here that we're never going to grow and be more prosperous in our area. Well,. I say if seeing my property values go so far up that I have to sell, then why should I care if we don't grow any more. In fact, I kinda liken things to "turnips and rice."

Turnips fall down when you cook them, rice rises up; I like turnips!!!

Hi Herd, I have to agree with you on that regard. My place is over near Cottageville, and as much as I would like to see growth from Summerville to Walterboro, I sure don't want my taxes to go up. But to answer the OP question, I think we're right around $4500 an acre in the 15-20 acre range.

 

[Ken]

When you say "got rid of one" you make it sound like there is a problem with that area. Well huh?

I remember seing a large sign near Roswell N.Mex. Nice little 100 section ranch for sale.
Also talking to a rancher after a good rain He called it a time to sell rain. There is a reason flowers bloom with in 3 days after a rain. may not be another that year.
ken

 

[tallyho8]

I bought 8 additional acres by my home for $5000 an acre a couple of years ago but this was an unusual deal.

Where land is subdivided into 1 acre lots here they sell for about $80,000 per acre but they had a couple of 200+ acre spreads selling for $16,000 per acre.

Land 1/2 mile away from me across the Mississippi is selling for $400,000 for a 1/2 acre lot.

I have 160 acres of timberland in the Ozark National Forest in the mountains of Northwest Arkansas with great deer hunting and a site where a home could go with a great view bordering on a creek and with blacktop access. I have had it listed for sale for a year now and only want $1000 per acre but so far, no buyers.

 

[mjarrels]

Local state college just bought 1/3 acre for over $600,000. State must have deep pockets.

mark

 

[Farmwithjunk]

It varies a great deal around here.

1-acre building lots in an upscale development near here are going in the $750,000 range.

I looked at a place a few weeks ago, just over 100 acres, for less than $600 an acre. It was at one point 20+ years ago on the EPA "Superfund" list. (Now considered clean"...just not my cup of tea though)

I sold 188 acres 6 years ago for 1.4 mil. It was essentially a pile of rocks, but on the fringes of a booming industrial park. Paid $39,000 for it in 1969. Best "dumb luck move" I ever made! My father laughed at me when he first saw the place. Who's laughing now dad?

Turned right around and reinvested much of the proceeds of that on 45 acres (w/house and 2 barns)....$995,000

160 acres just down the road from the old farm is listed now for 2.2 mil.

Last year I bought 12 acres that adjoins the new place for $19,550 an acre, just sold a 1-acre lot off the corner of it for $45,000.

So, going rate is about whatever you have the nerve to ask, and whatever the buyer is willing to shell out.

Straight, clean, unimproved, productive farm land outside of "metro Louisville area" is selling in the $12,000 to $16,000 an acre range. A couple local "BIG TIME OPERATORS" who farm every speck of ground they can get ahold of are paying as much as $450 an acre cash rent. 2 years ago, $125 was the going rate here. When corn prices start free-falling, we'll be attending their bankruptcy auction.

 

[Duffster]

80 acres of crop land in middle Iowa recently sold for $14,000 an acre.

Little to no developement potential.

Cash rent for some bank owned farmland in middle IL is set at $700 an acre for next year.