If you own an acreage or want to buy one, this information may be helpful for you. The Land Trends and Value Survey reports a statewide average decrease of 8.7% for the year from March 1, 2015 to March 1, 2016. The decrease is not as drastic as some predicted, but it is something to be aware of, nonetheless.
While the decrease is disappointing for land owners, it could provide more opportunities for investors. Because there is still a lack of available land for sale values have stayed pretty solid and land remains a safe harbor investment in times when other investments don’t perform.
For more information you can read the full news release at the link below.
This is really good information. Especially for people who either own acreages or want to buy them. People always think they are going to get $5000+ per acre for timber/recreational land. Let’s do a blog on this. Here’s the intro.