What cash buyers have been doing here in the last 12 months.
Data last updated
In Grimes, investors own about 125 tracked properties across 16 active buyers, with a median investor purchase price near $240,000. 22 were acquired in the last 12 months.
The trend is upward: 22 purchases this year against 13 last, about 69% more. Expect contracts to move faster and price expectations to firm up.
Half of investor purchases here close below $240,000. Because the average runs to $584,000, this market has two populations: a broad base near the median and a thin band of much larger deals.
The dominant play is buy & hold, at 92.0% of tracked activity. Hold strategies mean patient money: slower decisions, but the rent roll carries more weight than the flip math.
Typical construction year on investor-owned property is 2016. Just 0.8% was built before 1980, which keeps renovation scopes and disclosure burdens down.
Activity is not spread evenly. ZIP 50111 absorbs the most investor purchases in Grimes, and it is the fastest place to start a buyer list.
16 cash buyers are active in Grimes, and between them they hold about 125 properties. Each averaged under 1.4 purchases over the last 12 months, so the pool is broad rather than concentrated: more names to work, with less riding on any single relationship.
Counts and prices here are drawn from recorded investor purchases in this city and refresh with new records. They are a record of past activity, not a forecast or investment advice.