Southwest Wisconsin Land Market Update: Quiet and steady best describes the 1st quarter 2016 land market in Southwest Wisconsin. The number of transactions was down from 4th quarter 2015 but was not unusual for a 1st quarter at 32 transactions. The average price per acre rose slightly from 4th quarter to end up at $3,325/acre.
Current Market Characteristics
- Prices are slowly moving up
Four of the seven counties saw an average price per acre increase over 4th quarter. Those three that didn’t had very few transactions leaving us with not enough data to get a firm average price.
- Low Inventory Continues
There continues to be very few nice properties on the market. When one does go up for sale, it gets a lot of attention often leading to multiple offers.
READ MORE via Source: Lack of Inventory Holding Back the Land Market | Southwest Wisconsin Real Estate
Info provided by Jay Frazier, Rural Property Pro
First Weber sells real estate throughout Wisconsin: Metro Milwaukee and Southeastern WI, South Central Wisconsin, Southwest Wisconsin, Western WI, Central Wisconsin, Northeast Wisconsin and Wisconsin’s great Northwoods. You can start searching for Wisconsin real estate and Wisconsin real estate agents at firstweber.com