I really do love our little downtown St. Paul with the new light rail and the Lund’s store and the new Union depot and new ball park that is being built. The downtown housing market is looking up too. The median price per square foot is $170 which is up 8.4% from last year. There is about a 5 month supple of condos on the market which is higher than the 3.6 month supply of housing on the market in the entire city.
I’ll have a loft coming on the market this week at River park lofts right across the street from Mears Park. Right in the heart of the 55101 zip code which is considered to be one of the hippest zip codes in the country. I have to say I would love to live there myself but we need to stay put for a couple of more years.
With a few new apartment buildings there are more options downtown than ever before.
Here is a chart of the median price per square foot for downtown Condos:
The data used to make the chart came from the Northstar MLS which is deemed reliable but not guaranteed. Condo values can vary greatly even in the same building based on which floor the unit is on and what the view is like. In general the downtown condo market is very different from the housing market in the rest of the city.