In these parts when someone says downtown we assume they mean downtown Minneapolis. When I mention downtown I mean downtown St. Paul. The St. Paul condo market has made a comeback. For a few years it seemed like we could not give them away. At one point there was a 15 month supply of condos on the market, right now there is about a 4.7 month supply as compared with a 3.5 month supply of all other housing types in St. Paul.
Right now there are 55 condos on the market downtown and 3 of them are distressed properties, which means they are in some stage of foreclosure. Average list price is $343K and the median list price is 192K. Average number of days on market is around 120. There are 11 units that are listed for less than 100K.
