Real Estate News Blog

Locals were shocked a few years ago when agent Norm Stubbs sold a piece of Cass County farmland for $1,000 an acre. Today, that same piece of land would fetch more than twice as much. "A 40-acre parcel these days brings roughly around $100,000 and some as high as $130,000 and for around here, the more wooded, the better." Stubbs was talking about land that's considered agricultural but it isn't prime acreage. It's a mix of forest, farmland and is well-suited for wildlife. Stubbs said deer hunting and recreation is the main driving force. The land grab is happening in a handful of other counties from Detroit Lakes in Becker County, eastward to Cass, Crow Wing and Aitkin counties, north of Lake Mille Lacs. Full Story: Star Tribune (may require free registration)