America’s Land Auctioneer and Pifer’s Land:
This week on America’s Land Auctioneer we are joined by Bob Pifer and Maurice Covington! Bob is the Managing Broker for Pifer’s Auction & Realty and Pifer’s Auctioneers in Pifer’s Grand Forks, North Dakota office. Bob also oversees Pifer’s Real Estate and Auction Services in Wisconsin.
Maurice Covington, is an American Entrepreneur and Realtor with Sotheby’s in Charlottesville, Virginia. Maurice provides insight into the real estate market on the east coast, particularly in Virginia. Maurice, an avid investor, highlights the strong demand for rural and residential property in Virginia.
Bob Pifer and Kevin Pifer will discuss the sharp increase in land values in 2021. Many of Pifer’s recent land auctions have exceeded expectations. What’s more, Pifer’s recently conducted a land auction in Wisconsin where the results were over 2 times over the recent appraisal. Cropland and pastureland values continue to rise in 2021 and likely will continue to do so. This may change as the year comes to a close as long-term interest rates may tick upward.