TCREI Show #23 - Spring Market Update

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.
  • 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.

 

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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