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Land prices

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Jonathan

03-18-2004 16:10:07

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I got a real estate booklet in the local paper and I looked through it and WOW!!, huge land prices!. This booklet was for propertys in northeren Vermont and I am going to list a few of the discriptions of propertys listed and their prices, so you can compair them to your area.

Building lot:
10+ acre building lot, mostly wooded, stone walls, brook through property. Lot is conductive for a walk out basement.$84,900.

Beautiful wooded lot:
with approximately 2.5 acres of land. Easteren mountain views. Road frontage.$59,000

The Country Beckons:
You to come and build your dream home here on these 5.9 acres. This lot offers you both open meadow and beautiful mountain views. You will love the very nature of it!. This land is offered at $125,000.

Own Your Own Hilltop:
End of the road privacy on 250+ acres. Class 4 road provider, easy access plus electric and telephone to the lot.$375,000

Beautiful historic farm house with hardwood floors and lots of original woodwork on 500+/- acres of pasture and woods with mountain views brook and river bordering. Several barns and out buildings and a two bedroom house converted from an old school house are included in this property. Possible development potential. $2,000,000.

Those are just a few examples. Land is getting so expensive that farmers can't buy it. About the only land farmers are getting hold of is land that a retiring farmer is willing to take less on to keep it in farming. Something else that is really helping is the Vermont land trust that buys the development rights to farms from farmers who wish to make sure their land will stay agricultural. Unfortunatly, most of the farms are getting broken up into many many pieces and sold for building lots. It's getting harder and harder to find any acreage and if you do happen to find any, it's unaffordable to a farmer. Whats it like in your area?.

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Kelly C

03-20-2004 09:37:00

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Re: Land prices in reply to Jonathan, 03-18-2004 16:10:07

I just purchased 25 acres 30 mi north of me. The only reason I got it was the fact the prices are rising so fast that it does not pay to wait.
6 years ago I could have gotten 25 acres right next to me for $1500 a acre and the land I just got would have been $500 or maybe $700.

Now that 25 next to me would be $80,000.00 wile I paid $2000 an acre for the 25 I just purchased.
Figured I better do it now. Cant save fast enough to over come the price increase.
The only thing that worries me. I belive all the price crap is tied to the interest rates. If the rates go back up watch for a big drop in land prices as no one will be able to afford high priced land with high interest rates.

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Toocold

03-19-2004 16:31:31

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Re: Land prices in reply to Jonathan, 03-18-2004 16:10:07

The owner of a 79 acre mostly wooded and swamp with a 10A clearing had refused 250,000 big ones. The property sold last year and a small house/deer blind/hideout on stilts is the main attraction. Central Michigan. Happy Hunting!!!!

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Kevin

03-19-2004 15:39:10

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Re: Land prices in reply to Jonathan, 03-18-2004 16:10:07

Try these:
12.64 acres with water rights 1870 sq ft home land severely damaged by overgrazing $369,000
4 acres 3825 sq ft home domestic well $890,000
52 acres domestic well 2600 sq ft home $1,650,000
280 acres almost inaccessable no water $980,000
35 acres vacant pinon and cactus no water $450,000
146 acres 2200 sq ft home 2 cu ft irrigation water 140 sprinkler irrigated old sheds $1,800,000 Welcome to Colorado

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Mark in MO

03-19-2004 08:44:54

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Re: Land prices in reply to Jonathan, 03-18-2004 16:10:07

Here in NW MO (Between Kansas City and St. Joseph)
ANY ground will sell for $1,500-$2,000/acre, if you are willing to buy 500 acres of it. Good farm ground will bring $3,000-$4,000/acre, again, if your are willing to buy 500 acres. 5 acre lots in the country will bring $100,000. Most of these sell as fast as they come on the market, usually without being advertised. All things considered, it's probably a better investment than the Stock Market.

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buickanddeere

03-19-2004 07:51:53

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Re: Land prices in reply to Jonathan, 03-18-2004 16:10:07

Buy now. In a few years North America will be priced like the Far East, Europe, US east Coast and West Coast. Most people will rent a little flat/apartment or rent farm land unless they inherit property. Land Barrows will make a living just renting to the peasants here, just like in England.

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Dan

03-19-2004 07:34:54

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Re: Land prices in reply to Jonathan, 03-18-2004 16:10:07

I love Texas. I got 42 acres total, wooded, 2 acre pond, 2 small stock ponds, rolling land, barn, partial road front, fenced, and 10 acres already cleared and plowed for planting. I got all this for $39,000 last year - and I thought that was a bit high at the time.

Dan

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Dan

03-19-2004 07:34:33

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Re: Land prices in reply to Jonathan, 03-18-2004 16:10:07

I love Tecas. I got 42 acres total, wooded, 2 acre pond, 2 small stock ponds, rolling land, barn, partial road front, fenced, and 10 acres already cleared and plowed for planting. I got all this for $39,000 last year - and I thought that was a bit high at the time.

Dan

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Bill in Colo

03-19-2004 06:55:31

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Re: Land prices in reply to Jonathan, 03-18-2004 16:10:07

try this a friend western colorado, was offered 640,000 for for flood irrigated 80 of corn ground. It isn't forsale yet.

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Jared in VT

03-19-2004 05:57:35

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Re: Land prices in reply to Jonathan, 03-18-2004 16:10:07

Guy's, Here we are on a board full of folks that go ga-ga for old tractors, and you're talking about land prices as if it was 1960 and not 2004! Take a trip to your High School reunion; your bound to discover that even the prom queen has aged a bit. Things change in our life time and we don't like it, but nothing is new. My Kiowa- Apache ancestors were the finest mounted cavalary ever, but riding down the plains after settlers, only brought more settlers. The other side of the family got here in 1634 and helped found the republic. But that won't cut the upper crust if I try to join the North Andover, MA Country Club. Here on my own land in VT, is evidence of residence from 20,000 to 6000 to 250 years ago. Lots of living going on here over the years. So I'm going to do my level best to do my best; to respect the land and waters and my neighbors and teach my sons what little I've learned and can remember. Yep the land is going to go up (and occationaly down) and some things will change, but not our stuggle to make it better. So grab your piece of the world and wrastle it and leave a of legacy that they can talk about in the next 200 years!

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deano

03-24-2004 19:46:25

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Re: Re: Land prices in reply to Jared in VT, 03-19-2004 05:57:35

Yeh, the 3 acres and Old house I am fixing up here in michigan, 30,000.00 But the nieghbor,(farm)acoss the street.- sold 40 acres off for a subdivision. now, I have to deal with that ,and take more money when I sell this house. But when I am out working at the house and hear the birds, and just injoy the soroundings , I am really saddend by the thought, that I will sell this house and property and not be able to find any other to replace it. As I have seen many times over, the land binging eatten by big time city folk. talk later,

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Wardner

03-20-2004 13:00:53

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Re: Re: Land prices in reply to Jared in VT, 03-19-2004 05:57:35

You never know who you might run into on this board. I spent some time on the tennis courts and in the swimming pool at the North Andover Country Club in the '60s. Never could see what was so appealing about the burnt up golf course or small club house that was a converted New England barn. It was exclusive then. Must be super exclusive now. Still live about ten miles from there.

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03-18-2004 20:26:18

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Re: Land prices in reply to Jonathan, 03-18-2004 16:10:07

For what it's worth , I have what is left of the family farm , 20 acres here in southeast MA, try $250 - 500,000.00 for 150'-160' street frontage house lots ..... ..... No town sewer, or town trash pick-up and they have a line at the town hall for building permits ....If the economy is so bad where the H*ll is the money coming from? I get offers/ request to sell almost every month or so from realitors and the developers ..got to the point they are as bad as the polowtishons ' and that other slime group lawyers ...I stop being "nice and polite to them any more " .. Bill g. Dirt Poor

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It's not the economy

03-19-2004 04:16:04

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Re: Re: Land prices in reply to BW, 03-18-2004 20:26:18

that's so bad. It's the government programs that haven't been increased (that's the economy to many).

It's a shame but, 85% of the country area is the minority in DC. The majority of the population is in around 5% of the US.

To the majority of the population, "their" world only includes the 50 X 140 lot they live on. The rest of the country is foreign land.

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Dave 2N

03-19-2004 05:48:05

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Re: Re: Re: Land prices in reply to It's not the economy, 03-19-2004 04:16:04

Ditto about the economy. It's not the economy at all. The loberal Dems. would like to have you think it is.

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Larry NE IL

03-18-2004 19:53:13

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Re: Land prices in reply to Jonathan, 03-18-2004 16:10:07

I've been looking my brains out for a decent piece of ground within 100 miles of O'Hare airport that's under $4K per acre. I've got around $400K to spend and it's hard to buy even 60 acres with that. Like to find around 100 acres, but the more I look the more I think I'll have to set my sights further out! Larry NE IL

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Gary in Geneva

03-19-2004 07:27:38

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Re: Re: Land prices in reply to Larry NE IL, 03-18-2004 19:53:13

Some times you can get lucky and find the useable acreage you are looking for with a hunk of unusable land in the mix. Make an offer even if the asking price is too high. If they have been trying to sell it for a while with no interest they might just accept your offer.

We started out looking for 10 � 20 acres out from Orlando, FL. We found land going for $8,000 � $25,000 per acre. It was mostly JUNK. One piece we went to look at was under water in the dry season and was only $216,000!

We did our homework with each and every piece of land we went to look at and ended up with an 80 acre parcel with power lines through 8 acres. After some work we have the land looking nice � much better than even we anticipated being able to do.

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Brian

03-18-2004 19:24:47

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Re: Land prices in reply to Jonathan, 03-18-2004 16:10:07

SC & SE Iowa still has quite a bit of rough pasture type or scrub timber ground for $800-1000 an acre. It has risen fast though as CRP payments are making 5% and the bank CD isn't. Lots of people from out of state buying for the deer hunting as Iowa has very little public hunting ground. As with ground everywhere, they aren't making any more.

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arthur

03-18-2004 18:46:39

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Re: Land prices in reply to Jonathan, 03-18-2004 16:10:07

ya your daller's are wothless it takes a bushel of money to buy a peck of potatoes. im 78 seen a lot of changes from a $1 hr to $30 hr and then some. old art

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jdemaris

03-18-2004 18:19:47

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Re: Land prices in reply to Jonathan, 03-18-2004 16:10:07

I lived in the Northeast Kingdom in northern Vermont in the late 70s. Lived in a small town named Albany, close to Barton, 20 miles from the city of Newport and the Canadian border and Lake Memphremagog. At the time it was pretty wild and beautiful. Great hunting, trapping, fishing, - and the French Canadian girls were kind of interesting too. Outside the cities or towns you found mostly loggers, farmers, aging hippies, etc. I worked as a builder in the summer and worked a sugar woods in the spring. At the time, land was getting up around $500 an acre for large parcels. This, when similar land in New York State was going for $100 per acre. I moved to Central New York and bought a couple of hundred acres. Last year I took my wife up to where I used to live in Vermont and was shocked. I can't believe what's happened to that place. Green Mountains? More like Developed Mountains. Nothing wild about it anymore. Lots of woods has been clear-cut, new and huge houses all over,etc. etc. And land prices, as you said, high. Pay a lot more and get a lot less. I didn't see any Fisher-cats running around anymore. Land here in Central New York, vicintiy of Cooperstown, Oneonta, Cobleskill, etc. is going around $1000 acre and up for large parcels - which is about double what is was 2 or 3 years ago. Small building lots, maybe $10 - $15,000 for five - ten acres.

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Jared in VT

03-19-2004 05:33:06

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Re: Re: Land prices in reply to jdemaris, 03-18-2004 18:19:47

jdemaris, About a month ago on a Sunday evening coming down cold snowy Rt 5 here in the Upper Vally, my clever wife spied a black ball of fur in the other lane. We turned around and stopped to find a big male Fisher curled up in the road. A car had evdently nummed him. He was alert but he couldn't really move. After petting him for a while with a snow brush, (to make sure he wasn't about to climb all over me) I rolled him on to an empty dog food bag, (30lb bag and he barely fit) and set him in the fir trees off the road. When I went back in the morning to check, he was gone. His tracks marked the new snow where he had climbed from his bed and headed up the ridge. Rest assured they are still around, they don't like all the hoopla either! Jared

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jdemaris

03-19-2004 09:24:10

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Re: Re: Re: Land prices in reply to Jared in VT, 03-19-2004 05:33:06

That's kinda neat. I used to see fishers fairly often in the Northern Vermont area, but usually just a glimpse of them running across the road. Since moving to New York, I've never seen one. Compared to where I'd lived in Vermont, we've got a lot more deer and turkey here, an occasional bear, moose, and bobcat (I've seen them) and allegedly a few marten (I've never seen one). We had a moose get hit on the highway here last year and according to a tag on him, he walked here from Maine.

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ShepFL

03-18-2004 18:16:38

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Re: Land prices in reply to Jonathan, 03-18-2004 16:10:07

Here in N. FL/S Ga. rural land prices avg. $3k / acre. Developed land is considerably higher as is city land at $10K + / acre and who knows what for lots.

I have 45 acres mostly planted pines and some half-assed farming operation I call a U-Pick. I gave 60 for the first 25 and 20 for the last 20 just 2 yrs. ago. Mind you pay ain't that great and given that most things are relative. Honestly though, how can you really put a price on "quality of life"?

Who wouldn't love to work full time, then in every spare moment work to keep rusty iron running only to watch the rain wash the crops out of the field or the sun bake it to smithereens, and stand back and say Man! Ain't I just lucky :)

Every day I get up I am just thankful I am on the right side of the dirt!!

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Pete

03-18-2004 18:00:14

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Re: Land prices in reply to Jonathan, 03-18-2004 16:10:07

Come to Southern California, you ain't seen nothin' yet. Lucky to find a one acre lot for 100k and it gets worse. The zoning and building codes appear to drive the availability down and the price up. Popular bumper sticker around here is "Make welfare as hard to get as a building permit". Buy what you can now, with the massive illegal immigration it won't get better.

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go west young man

03-18-2004 17:50:41

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Re: Land prices in reply to Jonathan, 03-18-2004 16:10:07

good farm land here $350 acre highest priced land right next to rapid city SD was devolopedat $10,000 an acre. sell my half section house plus buidings and maybe even a jd or two for $150,000
Paul

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Bob/wis

03-19-2004 12:52:46

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Re: Re: Land prices in reply to go west young man, 03-18-2004 17:50:41

Paul Where are you at in SD? Please email got a few ? about land your direction.
Bob/wis

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Les...fortunate

03-18-2004 18:15:19

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Re: Re: Land prices in reply to go west young man, 03-18-2004 17:50:41

Geez, Paul, he's already what I consider "out west".
";^)
I have to laugh about that first one where it's described as "conductive (sic) to a walk out basement". That's another way of saying there ain't a spot level enough on it to build a house.

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Larry NE IL

03-18-2004 19:42:38

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Re: Re: Re: Land prices in reply to Les...fortunate, 03-18-2004 18:15:19

Yep, that's one of them plots that's 250 ft. deep, you can stand on the front property line and spit over the rear line!

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03-18-2004 17:48:12

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Re: Land prices in reply to Jonathan, 03-18-2004 16:10:07

north central alabama - land will run from 6 - 7 thou an acre in 50 acre and up parcels. 5 acre lots from 100000 thou up. have a 140 acres and while it does seem high for land there is no way i would take what the market would give for it today.

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Tim(nj)

03-18-2004 17:24:09

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Re: Land prices in reply to Jonathan, 03-18-2004 16:10:07

A good building lot in west central New Jersey (min 6 acres in my township) will go for $12000-$22000 per acre depending on any improvements that might be on it and special considerations, like view, wooded (worth more!), etc. You can buy preserved farmland from $5500 to $10000 per acre, depending on size (<100 acre farms are more in demand, hence higher prices) and how the farm is set up. Preserved horse farms, horticultural nurseries, and orchards/vineyards bring the highest bids. Even with farmland assessment, the property taxes will still cause fits. Since when is a 50 year old 12' x 40' stave silo worth $15,000?

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ed b

03-18-2004 17:13:15

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Re: Land prices in reply to Jonathan, 03-18-2004 16:10:07

around here they are getting 150000 to 200000 an acre not a typo a little north of us and it gets even worse ed b

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Jonathan

03-18-2004 17:37:49

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Re: Re: Land prices in reply to ed b, 03-18-2004 17:13:15

Whaa!, wheres that???.

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buickanddeere

03-18-2004 16:58:56

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Re: Land prices in reply to Jonathan, 03-18-2004 16:10:07

20 years from now people will look back at todays prices and kick them selves for now purchasing when they could have. Just like now people wish they had purchased 20 years ago.

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JOHN (LA)

03-18-2004 19:56:27

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Re: Re: Land prices in reply to buickanddeere, 03-18-2004 16:58:56

Can relate to that. Mom bought a 55x140 ft lot in the suburbs of New Orleans for $1700. in 1957. Today that lot is worth $50,000+++ depending on how many empty lots are in your area. I have seen people buying old houses built in the late 40's early 50's that are not perfect but in livable condition and bull dozing the house just to get the lot to build a modern brick home.
Here 1 to 1 1/2 hours north of New Orleans old dairy farm land will run you 5,000 to 10,000 per residential acre depending on where it is at.

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bob

03-18-2004 19:51:30

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Re: Re: Land prices in reply to buickanddeere, 03-18-2004 16:58:56

it never fails. It is one of the few things you can absolutely count on.

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Van(WA)

03-18-2004 16:56:44

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Re: Land prices in reply to Jonathan, 03-18-2004 16:10:07

Jon; What you quoted may seem high, but the prices here are in that area. A good 10 acre lot, with view, nice area and ect----will run at least $75,000. or more---douable in the last ten years, if you add a stream or something special, the price goes up and up!! A lot of people have come from out of state (CA) and to them it is "cheap", and they have driven the prices up----- .

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Dirthog

03-18-2004 16:51:40

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Re: Land prices in reply to Jonathan, 03-18-2004 16:10:07

Not so bad here in n.e. PA. Decent land can be had for as low as $1200.00 per acre.
Of course there are no good jobs either. I have 32 acres with a 3 bedroom real nice, I'd let go for $95,000. About 3 grand per acre including house.

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Rob in Oregon

03-18-2004 16:34:52

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Re: Land prices in reply to Jonathan, 03-18-2004 16:10:07

It is the same story here in western Oregon and Washington.

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wdTom

03-18-2004 16:26:37

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Re: Land prices in reply to Jonathan, 03-18-2004 16:10:07

I think it is the whole northeast, and the same thing is going on in other parts of the country too. It is the pressure of overpouulation driving up the price of land and houses. What else can you buy and use for years and sell for more than you paid for it?? As used houses should be half of what a new one is. Why not? Too much demand? Why? increasing population. Also the major cause of polution, high energy prices, etc. When will people realize?

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Slowpoke

03-19-2004 01:43:29

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Re: Re: Land prices in reply to wdTom, 03-18-2004 16:26:37

Maybe in a few hundred years when it's too late. Each time the world population doubles it takes less time to double again. We have pollution controls on vehicles because there are too many people driving. We have high fuel prices because too many people need fuel. We have too many crazies running around killing people because there are too many people. We have water rationing and high costs because too many people need water. Apartments are vacant all over, but the city is in the process of permiting 13,000+ new apartments to bring in more people. It used to be two or three minutes before a car would pass by on the 'feeder street'. Now it takes two or three minutes before I can get in the line. Enough is enough!

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wdTom

03-20-2004 17:47:51

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Re: Re: Re: Land prices in reply to Slowpoke, 03-19-2004 01:43:29

You are so right!! At least there are two of us now. Anybody else going to join?

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Gary in TX

03-18-2004 18:11:54

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Re: Re: Land prices in reply to wdTom, 03-18-2004 16:26:37

prices are high around here too. solution to the problem, send all the wet backs back to mexico, all the rag heads back to the middle east and any other foriener back. Something is going to have to be done, yea yea I know America is a melting pot, well heres a little news flash for ya folks, the pots running over. Stop the flow of immigrants and get factories back going here in the good ole USA.
Please don't get me wrong, I don't have anything against any nationality although that may be how it sounds, I just don't think that we should be a open haven for everyone that wants to come over here.

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riverbend

03-19-2004 06:43:55

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Re: Re: Re: Land prices in reply to Gary in TX, 03-18-2004 18:11:54

I may not get along with her all the time, but I'm sure going to miss my Mom. And after 75 years, she's not going to know anyone in Poland anymore. I sure hope she does okay.

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Hayman

03-18-2004 20:11:06

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Re: Re: Re: Land prices in reply to Gary in TX, 03-18-2004 18:11:54

Send them all back including the whites.Oh never mind.

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03-18-2004 18:49:03

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Re: Re: Re: Land prices in reply to Gary in TX, 03-18-2004 18:11:54

Remove foreigners? What would a Comanche, Kiowa, or perhaps Dineh call you? Might help if INS were staffed with Lakota? RN

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wdTom

03-18-2004 18:44:21

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Re: Re: Re: Land prices in reply to Gary in TX, 03-18-2004 18:11:54

You said it!!

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03-18-2004 16:18:42

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Re: Land prices in reply to Jonathan, 03-18-2004 16:10:07

I hope that's Northwest VT and not the Northeast Kingdom. God'd country shouldn't cost that much.
NH is just as rediculous particularly in the south and east but it's spreading quickly.

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Jonathan

03-18-2004 16:48:32

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Re: Re: Land prices in reply to J, 03-18-2004 16:18:42

Yeah, this booklet I got is mainly featuring northwest Vermont.

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Bob in GA

03-18-2004 18:11:27

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Re: Re: Re: Land prices in reply to Jonathan, 03-18-2004 16:48:32

Jonathan:
Is that the St. Albans/Swanton area or more toward Burlington?

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Jonathan

03-18-2004 20:22:22

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Re: Re: Re: Re: Land prices in reply to Bob in GA, 03-18-2004 18:11:27

No, basically, those are from all over, including down by middlebury etc..

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