The housing market seems to be recovering in downtown St. Paul. Average sale prices this year were $179,392 Vs. last years $173,479 and they are selling faster too with an average of 164.8 cumulative days on the market Vs. Last years 173.3 cumulative days on market.
The most anyone paid for a downtown condo unit this year wad $595,000 for a 2600+ square foot loft at the Great Northern. There were a few lofts on the market listed for more than a million and for more than two million but they did not sell this year.
Some of the most expensive real estate in the city is located on the upper flowers of downtown condo buildings where owners have large lofts with amazing views.
The average prices downtown are more than 20K higher than averages in the rest of the city and it takes on average about 55 more days to sell a downtown condo than to sell a home outside of downtown.
Also see Condos approved for FHA financing