Townhomes are a hot commodity in the Twin Cities - Axios

Jul 22, 2023 · In May, the typical metro-area condo sold for about $200,300, up 4% compared to last year. Meanwhile, the typical single-family home here cost roughly $362,800, down 2.2% …

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Townhomes Are A Hot Commodity In The Twin Cities - Axios

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Jul 22, 2023 · In May, the typical metro-area condo sold for about $200,300, up 4% compared to last year. Meanwhile, the typical single-family home here cost roughly $362,800, down 2.2% …

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Why Townhomes Are Becoming So Popular In The Twin Cities …

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Dec 2, 2023 · In October, the median cost of a townhouse in the metro was $305,000, nearly $100,000 less than a typical single-family house, according to MAR. But the median price of a …

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Axios - Twin Cities

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Twin Cities shoppers are planning to splurge this holiday season and increase their spending 15% compared to last year.. That's according to an annual Deloitte survey of 440 consumers in the …

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Articles By Nick Halter’s Profile | Axios, Axios Twin Cities Newsletter ...

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Photo: Nick Halter/Axios While inflation has been cooling in the Twin Cities, the cost of eating out continues to rise at a faster pace, climbing 5% year-over-year in July, according to the …

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FAQs about Townhomes are a hot commodity in the Twin Cities - Axios Coupon?

Are townhome sales picking up in the Twin Cities?

Townhome sales are picking up in the Twin Cities. Driving the news: This spring, the properties gobbled up their biggest market share in more than 15 years, according to Minneapolis Area Realtors. ...

How much does a condo cost in Twin Cities?

By the numbers: Twin Cities condo price growth has outpaced single-family homes in recent months, per the latest Zillow data. In May, the typical metro-area condo sold for about $200,300, up 4% compared to last year. Meanwhile, the typical single-family home here cost roughly $362,800, down 2.2% year-over-year. ...

How much does a townhouse cost in Minneapolis?

The median sales price for a metro-area townhouse was about $104,500 less than a single-family home here, June data provided by Minneapolis Area Realtors shows. The big picture: Across the U.S., condo and townhouse prices are now climbing at a faster clip than single-family homes, Realtor.com analyst Hannah Jones tells Axios. ...

Are 'townhomes' gaining a big market share?

Driving the news: This spring, the properties gobbled up their biggest market share in more than 15 years, according to Minneapolis Area Realtors. And the trend doesn’t seem to be letting up: Townhomes were the only segment with sales growth in June, David Arbit, the group's director of research, tells Axios. ...

Are Twin Cities builders still building homes?

Twin Cities builders have slowed from their peak pace but are still building more homes than in the U.S. overall. The intrigue: That new local building activity is being dominated by apartments. Very few developers have built condos in the Twin Cities, even though demand is here. ...

Is apartment demand rising in the Twin Cities?

So far this year, apartment demand is tracking about 10% higher than the five-year average across the Twin Cities market. Demand for new units dipped a bit during the third quarter, when only 767 empty units filled. ...