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June 2020 Iowa Land Auction Results

June 23, 2020 - Peoples Company
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During the month of May in Iowa, there weren't any auction sales recorded. The lack of auction sales was due primarily to the COVID-19 pandemic. However, as the governor has lifted many of the capacity restrictions, several auctions have been set and recorded in the first half of June. Values continue to remain strong despite the pandemic. Thus far for June, there have been 7 recorded auction sales with a total of 9 tracts of land. The average land sale price per acre was approximately $5,500 with an average CSR2 of 65.6. The average $/CSR2 point has been steady at $99/CSR2 point, with a high of $147/CSR2 and a low of $59/CSR2 point.

Below are the auctions and auction results that have taken place so far for the month of June:

* One of the sales presented below was a sealed bid auction and the results of the auction were not disclosed. 
 

County Land Type Gross Acres Tillable Acres % Tillable CSR2 - Tillable Sale Price $/Gross Acre $/Tillable Acre $/CSR2 PT
Adams Tillable/Rec 120.00 75.00 63% 57.80 $408,000 $3,400 $5,440 $58.82
Appanoose Rec 40.55 0.00 0% -- $137,870 $3,400 $0 $0
Appanoose Rec 75.03 0.00 0% -- $195,078 $2,600 $0 $0
Guthrie Tillable 110.00 99.78 91% 75.50 $779,350 $7,085 $7,811 $93
Guthrie Tillable 191.00 171.09 90% 75.00 $1,342,730 $7,030 $7,848 $93
Lucas Tillable/Rec 97.00 75.27 78% 37.50 $263,840 $2,720 $3,505 $72
Plymouth Tillable 75.00 62.91 84% 47.00 $435,000 $5,800 $6,915 $147
Hamilton Tillable 141.36 134.50 95% 83.50 * Not Disclosed Not Disclosed Not Disclosed
Fayette Tillable 80.00 77.40 97% 83.90 $616,000 $7,700 $7,957 $92
Fayette Tillable 87.43 83.79 96% 57.70 $524,580 $6,000 $6,261 $104
Plymouth Tillable 62.97 60.45 96% 72.50 $617,106 $9,800 $10,209 $135

 

 

 

 

 

 

 

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