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Things seem a little slow downtown these days so I thought I would look at some numbers.  I have to say the condos are not doing as well as the rest of the market but the situation has improved from what it was two years ago.

The absorption rate for downtown is at 11.6 months, which is twice as high as it is for the rest of the St. Paul real estate market. There are 140 units on the market and 12 have sold in the last 30 days. Of the 140 on the market the average time on the market is at around 211 days, with an average list price of $286,606.

The twelve units that sold in the last 30 days were on the market for an average of 94.5 days and the average sale price as $204.95  It should be noted that the average list price of these units was $218.

Here is a break down of the buildings with the most units on the market.  It should be noted that these are also the biggest buildings. IThe average list price at The Lowery is a little high because a few of the units on the market are one million plus pent house units.                                                    

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