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Northwest Illinois | An email I get a few times a month shows the average for class A illinois soils is not going down a whole lot, but some.
LAND ACTIVITY AROUND THE STATE
Sterling Land Company brokered the sale of 55 acres in Ogle County.
Closed on January 19. Mt. Morris Township-4 miles east of Forreston.
Sold for $6,363/Acre.
186 Acres sold at public auction in Ogle County-January 30.
Leaf River & Rockvale Townships-6 miles southwest of Byron. 3 Parcels.
74.2 Acres sold for $7,000/Acre with PI of 92.2 for $102.43/PI Point.
43.1 Acres sold for $6,900/Acre with PI of 108 for $63.97/PI Point.
68.6 Acres sold for $6,400Acre with PI of 131.9 for $68.33/PI Point.
Overall average of $6,755/Acre with PI of 110.1 for $77.73/PI Point.
92.67 Acres sold at public auction in Douglas County-January 30.
Murdock Township-11 miles east of Tuscola.
Sold for $10,200/Acre with PI of 130.5 for $81.26/PI Point.
40 Acres sold at public auction in Champaign County-February 6.
Pesotum Township-10 miles north of Tuscola.
Sold for $12,000/Acre with PI of 144 for $81.26/PI Point.
75.94 Acres sold at public auction in Sangamon County-January 30.
Mechanicsburg Township-12 miles northeast of Springfield.
5 year average Corn Yield-228 Bushels/Acre.
Sold for $11,200/Acre with PI of 138.3 for $87.23/PI Point.
160 Acres sold in a private transaction in Sangamon County-Recorded on January 11.
Loami Township-14 miles southwest of Springfield. 4 Parcels.
Sold for $9,800/Acre with average PI of 134.7 for $78.69/PI Point.
214.35 Acres sold in a private transaction in Piatt County-Recorded on January 19.
Willow Branch Township-2 parcels-7 to 9 miles south of Monticello.
4 year average Corn Yield-212 Bushels/Acre.
Sold for $10,825/Acre with PI of 143.3 for $77.18/PI Point.
562.3 Acres sold in a private transaction in Piatt County- Closed on January 24.
Blue Ridge Township-15 miles northwest of Champaign.
Sold for $10,000/Acre with PI of 137 for $74.67/PI Point.
122 Acres sold in a private transaction in Bureau County-Closed on January 30.
Ohio Township-6 miles north of Princeton.
Sold for $10,800/Acre with PI of 143.6 for $78.42/PI Point.
168.2 Acres sold in a private transaction in McDonough County-Recorded on January 17.
Emmett Township-3 miles northwest of Macomb. 5 Year Corn Yield average of 195.7 Bu./Acre.
Sold for $10,800/Acre with PI of 138.6 for $78.35/PI Point.
279 Acres sold at public auction in Shelby & Coles Counties-January 22.
4 Parcels located 12 Miles southwest of Mattoon-1 parcel located 8 miles southeast
of Mattoon.
Overall Average was $11,455/Acre with average PI of 137.5 for $86.10.
40 Acres sold at public auction in Shelby County-February 2.
Penn Township-14 miles south of Decatur.
Sold for $10,000/Acre with PI of 144 for $69.44/PI Point.
277.2 Acres offered for sale at public auction in Carroll & Whiteside Counties-
February 6. 3 Parcels 9 to 13 miles northwest of Sterling.
Top bid on 160 acre Parcel was $11,350 with PI of 138.9 for $86.69/PI Point.
Top bid on 77.2 acre Parcel was $8,800 with PI of 118.4 for $79.81/PI Point.
Top bid on 40 acre Parcel was $11,350 with PI of 136.7 for 83.03/PI Point.
None of these bids were deemed to be acceptable by the owner so
NO SALE
237.1 Acres offered for sale at public auction in LaSalle County-January 25.
Otter Creek Township. 3 miles northeast of Streator. 3 Parcels. Buyers choice.
Entire farm had a Productivity Index of 121.8 and was 97% Tillable.
1st round of bidding reached $6,600-bidder selected just one parcel. Next round
of bidding elicited no bids at all. So NO SALE
Informed sources tell us that a deal was reached within a few days.
We will keep an eye on it and figure it out by the time it closes.
SUMMARY FOR CLASS A PARCELS
1,544 acres with Class A Ratings in this report-
Sold for an average of $10,604/Acre with PI of 139.5 and $78.04/P.I. Point.
Edited by winner2011 2/15/2018 19:29
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Psychology of land values
