Market Insight: Low Supply Of Solid Homes Built After 1945
The first map shows all the single family home listings in south Minneapolis currently for sale under $400,000. The second map shows all the single family homes for sale under $400,000 and built after 1945. Only 41 properties or 20% of the market is under $400,000 and built after 1945. Why did I pick the year 1945 and under $400,000? I picked under $400,000 because most buyers in south can afford that right now. Also, based on my experience touring 1000s of houses built between 1880-1970s it seems that the homes built after or around 1945 have sold block foundations, central HVAC system, many have two foot overhangs on the roof and are typically pretty good homes. They are also a lot easier to remodel compared to the older 1900s homes. So they have a lot of value that the older houses don't necessarily offer as easily. So double check those ramblers and cape cods because you won't get nearly as many shots at them as the older houses.