Recorded investor purchases and holdings over the past year.
Data last updated
In West Des Moines, investors own about 146 tracked properties across 45 active buyers, with a median investor purchase price near $193,000. 35 were acquired in the last 12 months.
The trend is upward: 35 purchases this year against 23 last, about 52% more. Expect contracts to move faster and price expectations to firm up.
Typical construction year on investor-owned property is 1958. 65.8% of the stock is pre-1980 — budget for older wiring, plumbing and the paperwork that comes with it.
Activity is not spread evenly. ZIPs 50265 and 50266 are absorbing the most investor purchases in West Des Moines, and they are the fastest place to start a buyer list before working outward through the rest of the city.
45 cash buyers are active in West Des Moines, and between them they hold about 146 properties. At under 0.8 deals per buyer in 12 months, no small group controls this market; expect to work a longer list for the same volume.
Half of investor purchases here close below $193,000. Because the average runs to $328,000, this market has two populations: a broad base near the median and a thin band of much larger deals.
The dominant play is value-add / rehab, at 65.8% of tracked activity. Buyers geared for renovation will look at stock that would not trade in a new-construction market.
Figures describe recorded investor purchases in this city and are refreshed as new records are processed. They describe past activity and are not a forecast or investment advice.