Winter weather always affects land buyer activity in the Driftless Area of Wisconsin and less snow and milder temperatures definitely made it easier for buyers to tour parcels of interest during the first quarter of this year. In Southwest Wisconsin, buyers were quite active with 30 transactions completed involving 2,272 acres. The average price per acre increased 1.3% over 4th quarter but so did the number of tillable acres making the market appear flat at an average price per acre of $3,502.
Jay Frazier, First Weber’s Rural Property Pro, states the Southwest Wisconsin rural land market has been busy and is poised for rising prices. He cautions that average sales prices are only a general guideline. Feel free to contact him for a personal consultation on your rural property or land you wish to purchase.
Read more on the Southwestern Wisconsin rural land market via Strong Land Demand at Current Prices: SW Wisconsin Land Market Update | Southwest Wisconsin Real Estate.
First Weber sells real estate across Wisconsin: Metro Milwaukee and Southeastern WI, South Central Wisconsin/Greater Madison, 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