The Minnesota rural real estate market in 1984
1985
Emerson, C.J. | Raup, P.M.
Extract: The decline of Minnesota farm real estate values in 1984 represents the third consecutive annual decline in average estimated value and average reported sales price. This decline was 13 percent for the average estimated value and 8 percent for the average reported sales price from July 1983 to July 1984. In the major agricultural areas the decline was slightly greater than in the minor agricultural areas, such as the East Central part of the state. The number of Cash and Mortgage financed sales showed a small increase in 1984, but contracts for deed are still the preferred method of finance for half of the sales reported. The farm expansion buyers continued to dominate the market in 1984 by purchasing almost 80 percent of the tracts reported sold.
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