Scott P. Rogers
Funkhouser Real Estate Group
540-578-0102  •  email
Brought to you by Scott P. Rogers, Funkhouser Real Estate Group, 540-578-0102, scott@HarrisonburgHousingToday.com
Brought to you by Scott P. Rogers, Funkhouser Real Estate Group, 540-578-0102, scott@HarrisonburgHousingToday.com
Friday, August 7, 2020
Price Per Acre
As shown above, the price per acre of 5 - 10 acre tracts has mostly stayed between $13K and $14K over the past four years, with the exception of last year (2019) when it dipped down to $11K.  We have seen a steady increase in the number of 5 to 10 acre land sales over the past several years.

Price Per Acre
The number of 10 to 20 acre tracts selling per year has stayed much more consistent over the past four years (2016 - 2019) with 11, 12 or 13 parcels selling -- though there have already been 10 such sales in the first 7-ish months of 2020.  The median price per acre has been generally trending up for this size of parcel, and seems poised to remain around $11K per acre this year.

Price Per Acre
The median price per dipped down rather low ($4K/acre) in 2018 for parcels of 20+ acre but then rose quite significantly in 2019 to $7K per acre.  We have seen around 15 to 20 such sales per year for the past several years but it seems we might surpass that in 2020.

Price Per Acre
Finally, this (above) is a compilation of the price per acre for each parcel size.  As you might expect, the larger the parcel, the lower the price per acre.