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When was the last time?

Trapshooter1

Well-Known Member
You looked at a farm listing and or farm auction results tillable, timber etc. And said wow that doesn't seem terrible? I haven't come across one in a long time. Maybe I'm to conservative. The last one I seen I bought and that was 4 years ago.
 
Well, relative to todays prices, I still seem some 40ish acre size pieces come up now and then that don't see to bad. I really think a 40 acreish size is pretty attainable for most people if they want it. Occasionally still will see something 70-80ish that doesnt seem bad. Anything bigger I might flip through the pics etc, but dont really dig into the prices etc to much. I think there was like a 100 acre piece by Knoxville recently that had some tillable on it and it seemed priced like low 500's and I thought that was pretty decent, compared to comps.

Now what I see often times that would be a no go to me unless I just had to have it for whatever reason and had to $ to spend would be some of these parcels that come up for sale that are nearly all wooded or have no income, yet they are listed at prices comparable to parcels the same size that have income. Or weird jagged boundaries with not much potential for income or nearly impossible access going for prime prices.

I find it very fun to scroll through and keep up to date with listings and the market.
 
I guess you'd have to more clearly define the terms. Is "That doesn't seem terrible" equivalent to thats about right... market value?

Or maybe reading between the line is "that doesn't seem terrible" more along the line of "that's a deal!"
 
Usually if there’s an auction I didn’t go to I find out what the ground brought and think “ that doesn’t seem terrible “
 
I saw one a month ago. Rougher tillable & timber. Think it was something like mid 4’s. Last summer I saw same thing in another county…. Mid 4’s. Now- both of em were ROUGH & probably wouldn’t farm or need pile of work. But… mid 4’s - don’t see anything in 4’s anymore really. On average - most stuff I see with “decent income” & hunting is $5500-6500. ( a few pockets of the state it would be less than that I can think of. A lot more in populated better soil areas for far higher but that’s different dynamics). Talking “rural, middle of no where, great hunting counties”. Say- bottom 1/3rd of state.
Then it depends on the area & specifics to that farm as to how low or high on that spectrum. When a buddy says “I just paid 7’s for hunting with decent income” - i usually just say “ya, u paid for that one!!!!” & ya- they paid over market & probably could do it. So many variables & when good tillable comes into play- game changer.
I’ve seen a good handful of auctions have “good buys” - maybe 1 out of 10. Same with listings or deals done. I am not seeing a ton of “I gonna pay up the nose for this”. That’s settled way down from what I’m seeing at least.
 
My recreation neighbor hood is sparse. Soo d say 4500 -7500. D pending but few parcels. Hell. . A wrp just brought by me way too much. All relavemt
To what’s happening on world stage and the what worth. But definitely higher this time than
Last few years
 
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