If you are looking for Minneapolis townhome and condo foreclosures, you might be expecting listing photos with snow still on them, indicating that they have been on the market for a long time, the listing agent has given up, or maybe both. You may also think there are a lot of high buck Minneapolis townhome foreclosures and distressed condo sales in downtown Minneapolis. Turn off your TV news show and find out what the market is really like. If you check the above link, you will discover that there are only two dozen of them available on the IDX at the time of this post. There may be a few more on the Minneapolis MLS, but you need to contact a Twin Cities REALTOR to find them. Generally, only a very small percentage of Mpls MLS listings cannot be viewed on the IDX system, anyway. Bank owned Mpls condos are becoming scarce.
If you are looking right now, there are some nice two story Riverpointe Minneapolis townhome foreclosures in the 270,s but those are the most expensive ones you will see on the MLS system. As you would expect, there are a few very nice condo conversions for sale in south Mpls along Portland Avenue, and also near the lakes. Also, there are a brand new side by side townhome lender-mediated properties in NE MPLS as well. Townhome sales are up compared to last year. No wonder. The low prices, low rates, and the first-time homebuyers $8000 tax credit are responsible for the recent surge of sales across the entire Minneapolis real estate market.