What cash buyers have been doing here in the last 12 months.
Data last updated
In Modena, investors own about 18 tracked properties across 5 active buyers, with a median investor purchase price near $130,000. 1 were acquired in the last 12 months.
The median investor purchase lands near $130,000. The gap between that median and the $250,000 average is the story here — a few outsized trades, with the real volume well underneath them.
Across Modena, 5 active buyers account for approximately 18 investor-held properties. At under 0.2 deals per buyer in 12 months, no small group controls this market; expect to work a longer list for the same volume.
At 1 purchases this year against 1 last, pace is essentially unchanged, which makes this market easier to forecast than most.
Strategy here skews to buy & hold, which accounts for 100.0% of tracked deals. Because these buyers underwrite to cash flow, a credible rent figure moves a deal further than a renovation estimate.
Activity is not spread evenly. ZIPs 19358 and 19320 are absorbing the most investor purchases in Modena, and they are the fastest place to start a buyer list before working outward through the rest of the city.
All figures above reflect recorded transactions in this city and update as records are processed. Past activity only — nothing here is a forecast or investment advice.