Downtown housing

downtown Saint Paul

Downtown Saint Paul seems to be healthier and more vibrant that it has been since the middle of the last century before the freeway was built. I noticed over the weekend there is activity downtown day and night. It used to be dead on the weekends with few businesses open.

The population of people living downtown has doubled since 2006 with about 8000 people living there. Apartments seem to be springing up every where and we have the old warehouses that were converted into condos. For several years experts were predicting that the opening of the new LRT Green line in downtown St. Paul would have a positive impact on property values. Since the Green line has been running for a couple of years I thought I would look at some numbers.

For the rest of the city we have a fairly straight line of property values going up. It is like downtown Saint Paul can not make up it’s mind. Yet I am optimistic about the future of downtown. The numbers in the chart were generated from data in the NorthStarMLS which is deemed reliable but not guaranteed.