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Alberta Earns $5.74 Million in July 20 Landsale

July 21, 201611:31 AM Peter Ciavarella

The 13th Alberta land sale of the year, held yesterday on July 20, has earned Alberta a total of  $5.736 million, down slightly from the $6.282 million result of the July 6 land sale.

There were a total of 76 parcels with acceptable lease bids and no Oil Sands Leases for this sale. The total for all 13 sales so far for 2016 is $75.8 million.

The chart below illustrates the trend of the sale results for all of 2016 so far.

Jul-20-Monthly_sales_with_cumulative

 

The total area of the 76 parcels in this week’s sale was 27.7 thousand hectares with an average sale price of $207.13 per hectare which is 84% higher than the $112.44 per hectare for the previous sale on July 6.

Thirty companies participated and the largest bid for a single parcel was $516.1 thousand paid by a land agent for petroleum and natural gas rights for a one section parcel in the Wapiti area of North Western Alberta.

The largest  non-land agent bidder was Bounty Developments Ltd. who paid $75 thousand for one section in the Bessie region just north-west of Whitecourt.

The complete list of successful bidders is in the chart below.

July-20-Land-sales-by-company-1

The data for this post has been provided courtesy of CWD Inc.

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