Downtown St. Paul was pretty quiet last year. So many events were canceled, restaurants closed and without downtown workers. I was downtown on Saturday night and there was a lot of activity with people dining out and going to the Ordway. There were people out walking and enjoying the lovely weather we had last weekend. It looked like the before time except without a Minnesota Wild game or concert at the Xcel.
Rice park was clean and litter-free. Earlier in the day I saw people from the downtown alliance out picking up litter.
As home prices have been going up the median downtown condo price went down by about 5% between 2020 and 2021. The inventory of condos for sale is higher than average and makes up about 11% of the housing for sale in the city. The number of condos for sale peaked last year and has been going down ever since.
This fall is a great time to buy a condo downtown assuming that the pandemic ends or lessens within the next year. Downtown St. Paul has always had ups and downs and I can’t think of a time when an “up” hasn’t followed a “down”.
The numbers used to make the chart are from the NorthstarMLS which is deemed reliable but not gauranteed.
