L
ast year, the Steffes Group conducted 697 auction sales in 11 states. Through our work in the auction business serving individuals who are actively transitioning part or all of their family’s land wealth, we are offered a unique perspective on the driving factors of land values. It has now been widely publicized that land values are at all-time highs in almost every region of the country. In the last two years, prices have quickly met and eclipsed previous record highs set in 2012 and 2013. There are many driving factors behind land values which are often different for each transaction. In no order, here are 11 factors we often think of in terms of their influence over land values.
34
MAY/JUNE 2022
