Twin Cities Real Estate Investing Show #23 - Spring Market Update
Just the home team for this episode - Adam and Tim break down the current state of the Twin Cities housing market and dive into some deals we have pending for clients and friends.
Topics in Order
- Market update
- March 2025 closed sales with Home Free TC
-
March 1-21, 2025: Fully Accepted Offers
- Inspections waived: 27% ↘
- Pre-MLS sales: 12% ↘
- Cash: 18% ↘, Conventional: 70% ↗, FHA: 9% ↗, VA: 1% ↘
- Average purchase to list price: 100.6% ↘
- Median purchase to list price: 100%
- Seller contribution towards buyer's closing costs: 28% ↗
- Home warranties included: 7% ↗
- Contingent on the sale of the buyer's home: 9% ↗
- Escalation clauses included: 9%
- Appraisal gaps included in 15% of financed purchases ↘
- Cancellation rate: 9% ↗
- ** no ↗ or ↘ indicates the same week over week.
-
March 1-21, 2025: Fully Accepted Offers
- Recent Sales Data from Realtors Association
- Listings, Transaction Volume, Median Sales Price
- Deals That are Working & Why
- East Side 4-plex
- Selby Dale 3-plex
- Crocus Hill 2-plex (4000 Sqft, contract for deed at 4%)
- Stillwater SFR with ADU
- Housing Supply approximate annual numbers
- Adam's Prediction on the Future of Single Family Rentals
- Rosemount 6-unit $10,200 rent $906K price
- We end the show talking about the Meet-up, the types we do, and the benefits we receive from doing them.
- March 2025 closed sales with Home Free TC
Adam Tafel is a Realtor and Real Estate Investor living in Highland Park. You can reach him at Adam@UpsidePropertySales.com.
Tim Swierczek is a Mortgage Lender out of White Bear Lake. You can reach him at Tim@TimSwierczek.com. or schedule an appointment today here
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