Saturday, January 30, 2010
Cumberland County Land Sales
I am in the process of completing my land database of land sales for the past two years that are arms length transactions and are over 50 acres in size.On Thursday I visited Cumberland and Buckingham Counties.It was a beautiful and relatively mild(especially compared to today which is very cold-about 20 and snowy)winter day.Over the two year period from January 1,2008 through December 31,2009 there were 25 land sales that were over 50 acres in size.15 sales were of land tracts that were between 50 and 100 acres and 10 sales of tracts over 100 acres.The most sales occurred in the third quarter of 2008 with a total of six.Five of those sales were between 50 and 100 acres and one was over 100 acres in size.The sales price of six sales were less than the county's assessed value.Interesting stuff.I am going to find a few more ways to play with the numbers.I'm thinking that I may do some price per acre stats comparing 2008 with 2009 or county to county.I am almost done on figuring the Buckingham stats and will talk about that one later.
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