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Local land auction details

land auction image collage


We went to a local land auction today.

It seems like there was a healthy crowd, but in reality there were just 5 or 6 actually bidding.

The only structure was a barn that's ready to be torn down. All three tracts sold within an hour for around 1000 dollars per acre. Rumor has it that all three buyers were people who just wanted the hunting access, which is sometimes ripe with white tailed deer and wild turkeys.



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Ooooo, how fun! Auctions are very exciting, especially for something as fun and interesting as land.
Comment by mitsy Wed Sep 26 18:29:36 2012
mitsy --- I'm glad we decided to go, even though we'd already made the decision weeks ago not to participate. That's the first land auction I'd been to (at least which I paid attention at) and I learned a lot!
Comment by anna Wed Sep 26 18:58:22 2012

Land around us goes for $10000 an acre, around London, Ontario. Rare are small acreages and most farm houses and barns are pulled down and planted in corn.
Looks like you guys are surrounded by beautiful landscapes, love your blog, just reading it is a type of escape...

Comment by Chris. Sat Sep 29 17:43:55 2012
Chris --- I got our farm for $600 per acre, but it's very subpar land. $1,000 per acre was more normal then (nearly a decade ago), and $2,000 per acre might be the average around here now. Cheap land is one of my favorite parts of Appalachia. :-)
Comment by anna Sat Sep 29 18:17:48 2012

One very unique homestead, $1,500 per acre, the opportunity of a lifetime