Improving economic conditions are showing up in the results of the seventh edition of the “Lay of the Land Market Report.” The report provides an accounting of verified land sales from 2017. The update was released in April during the annual Lay of the Land Conference held at Champions Gate near Orlando. Show Dean Saunders, owner of Lakeland-based Coldwell Banker Commercial Saunders Real Estate, publishes the report and hosts the conference. He said the real estate market is firing on all cylinders with elevated activity in all sectors of the market. Advertisement “Overall, the residential land market in Florida is very strong as a result of the improving economy, combined with the continued influx of almost 1,000 people per day to the state,” Saunders said. “As demand for residential development land increases, sales of agriculture land in the paths of progress increase. With the capital earned from selling land for high development prices, sellers are reinvesting in other rural agriculture land.” The heart of residential growth is occurring along the I-4 corridor from Tampa to Daytona Beach. Jerry Parrish, Chief Economist for the Florida Chamber of Commerce, gave some perspective on the growth during the conference, noting that from Jan. 1 to April 6, 83,524 people had moved into Florida, and the state’s adjusted gross income grew by $2 billion. People from New York, New Jersey, Pennsylvania, Ohio, and Connecticut (in that order) lead the migration into the state. Top Articles Corteva Agriscience Makes Big Deal To Acquire Stoller Group Treasure Coast The region’s citrus industry continues its tailspin in the face of HLB and the devastation brought on by Hurricane Irma. Grapefruit production estimates continue to fall with the May USDA forecast at less than four million boxes. Citrus groves that are no longer productive are selling in the $3,500 to $5,300 per acre range, while better producing groves are fetching $5,000 to $8,000 per acre. Other Citrus Lands Typical buyers were skilled and seasoned growers. While the report didn’t account for sales for residential or commercial development, groves in the path of development are highly desirable. There is demand for higher-quality, better-producing citrus groves. Marginal groves are in demand where alternative crops are desirable. Approximately 10,994 gross acres and 9,252 net-tree acres were included in 90 selected 2017 sales in this area totaling almost $70 million. The sale prices ranged between $2,500 and $15,000 per gross acre. Net-tree citrus-acre sales ranged between $2,500 and $17,067 per acre. The average for the sales was $6,278 per gross acre and $7,461 per net-tree acre. The midpoint was $6,688 per net-tree acre. The 2017 price per net-tree acre and price per gross acre are both approximately 4.5% less than in 2016. The volume of acreage sold is approximately 5.3% less than in 2016. Strawberry Sales There were three additional sales of farmland for transitional uses in southeastern Hillsborough. Two of these farms were sold for solar farms: one for $18,278 per gross acre and $22,262 per upland acre and the other for $30,771 per gross acre and $31,518 per upland acre. Another sale for high-density residential went for $77,778 per gross and upland acre. There were two sales in the Plant City and Dover growing areas. A tract that went from strawberry farmland to a solar farm sold for $23,936 per gross acre and $34,622 per upland acre. Another strawberry farm that went to commercial development sold for $125,000 per gross and upland acre. Farmland sales in Hillsborough reflect continual market shifts into transitional uses. Pressure from urbanization has continued to creep into farming country. Central Florida Sales Okeechobee County farm sales ranged from $4,849 per upland acre, where conversion from citrus was required, to $7,080 per upland acre for a turnkey farming operation. The largest farming purchase was in western Manatee County for $6,169 per upland acre. In Polk, Highlands, Hardee, and Okeechobee counties, farmland prices ranging between $5,000 and $7,500 per acre were prevalent. Institutional investors continue to seek out grower owners willing to sell land for lease-back arrangements on the property. Everglades Ag Area Demand for agricultural lands within the EAA has been high the last few years, but the market’s inventory remains tight. Residential Development The price for useable, residential land was up 19%, averaging $56,672 per acre. Land values ranged from $223,208 per acre in Martin County to $18,831 in St. Lucie County. 0 1 5 Florida Land Values Strong Thanks to Rising Economy Subscribe Today ForSubscribe Frank Giles is a former Editor of Florida Grower and Cotton Grower magazines, both Meister Media Worldwide publications. See all author stories here. How much is a acre in Florida?florida Farmland Prices
Over the last 20 years, the price of farmland per acre in florida has risen by an average of 5.3% per year to $7,190 per acre as of 2019.
How much is an acre of land worth 2022 Florida?Cropland Average Value Per Acre: $7,960 up by 9% from 2021. Irrigated Cropland Average Value Per Acre: $9,100 up by 9% from 2021. Non-Irrigated Cropland Average Value Per Acre: $6,900 up by 9.2% from 2021.
What state has cheapest land per acre?So for both 1 acre and 5 acre plots, our cheapest states to buy land are New Mexico, Arizona, Mississippi, closed followed by Florida, Texas, Colorado, and Oregon. Some great news for you here is that at Compass Land USA, we do a lot of work in Colorado, Arizona, and Florida.
What part of Florida has the cheapest land?Martin County FL
So there you have it, the cheapest places to buy land in Florida, for 0.23 acres, 0.46 acre, and 1 acre plots.
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