Downtown Saint Paul continues to grow

The residential population of downtown St. Paul keeps growing. There were only about 4500 people living downtown in 2002 that grew to 6,604 in 2010 to 7,911 in 2014, that number is expected to skyrocket to 14,280 by 2020, an 80 percent jump. (According to the Metropolitan Council)

It seems like there are more people downtown on nights and weekends than there are during the workday. If you were to travel back to the 1980’s or 1990’s there were more businesses and people working downtown than there are today but not many residents.

Some of the things that make downtown fun are the parks, the Farmer’s market and the union depot and of course the ballpark and the Xcel center. It gets very crowded downtown when there is a hockey game.

Downtown is a wonderful place to live. It is the most walkable neighborhood in St. Paul. There is always something to do and lots of places to eat.

Housing consists of condos and apartments in all price ranges. In recent years there has been some building going on. Most of it has been apartments including some new luxury apartments.

The median price per square foot for a downtown condo is about $202. The median price per square foot of a Saint Paul home is $142. The median sale price in downtown St. Paul is lower the median sale price for the entire city.

The downtown Saint Paul housing market is a bit different from the rest of the city but is also experiencing a shortage of homes for sale. If you have been thinking about selling your condo now might be the time to do it.

There are currently 30 condos on the market ranging in price from $129,900 to 1.8 million. This year they have been selling in 45 days or less on average.

Median sale prices – St. Paul and downtown St. Paul

 

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