• Tweet
• Email
• Sharebar

• Tweet
• Email

Condo’s in downtown St. Paul have been selling at a faster pace than in previous months. The inventory of units on the market has dropped since last month and the number of sales has almost doubled.

ust in time for the grand opening of the new Penfield condos.  The to be built 33-story high-rise, at 11th and Robert, will consist of 290 condos and six townhouses and 18 flats, the flats will be installed behind the façade of the vacated 1930s-era neoclassical Public Safety Building.  According to news reports and press releases 25% of the units have already been reserved.  Units range in price from the 190′s to over a million dollars. 

There is no way of knowing exactly how many condos and lofts are on the market in downtown St. Paul because units are being built and not all are listed on the Regional Multiple Listing Service. (RMLS)

There are more new projects underway.  The River Side Flats sales trailer is open once more.  the project has gotten full approval.  The site looks like a pile of dirt behind a chained link fence so I won’t bother posting a picture.  The development is located across the river from downtown St. Paul at the North end of the Wabasha bridge.  These units are going to be loft style and are right on the river, with a walking path that leads to Harriet Island.

The combination of lower prices, great interest rates and incentives from the builders really does make this a great time to buy a condo in the downtown area.  To view pictures of some of the condo projects around St. Paul view my condo, loft and townhouse photo album.