The Saint Paul Condo Blog

Here is the market update for June of 2007.  The reason I am posting statistics a month behind is sometimes houses don't post for weeks after the change is status took place.

After looking at the data, the closed sales show a pretty strong trend for less expensive condos.  Only one sold and closed about $200k.  Looking at what went pending in the month of June, it looks like about half of the sales are under the $200k price point.  I can tell from what I have been showing, that this is about right.  Most of my showings have been for condos and lofts under that price point.  I think that in July, the numbers will be about the same.

I have noticed an increase in inquires for properties above the $250k, so my guess is that in October-November will have more sales in the higher price point.  We will have to wait and see if my prediction is true!

June of 2007...

These are the condos that actually closed in the month.

The Pointe of Saint Paul had four close for $112,500 - $120,000, $138,000 - $184,000.
Gallery Tower had two close for $92,500 & 115,500.
City Walk had one close for $100,800
The Rossmor had one close for $132,000
LOT270 had one close for $199,900
The Essex had one close for $217,330

Condos that went Pending.  Prices indicate list price, not sold price.

The Pointe of Saint Paul had four for $124,000 - $128,000 - $198,900 - $200,000.
Gallery Tower had one for $131,100
City Walk had one for $133,599
Farmers Market Flats had two for $179,900 & $244,900
LOT270 had two for $209,900 & $299,900
The Essex had one for $289,900
The Lowry had one for $369,900

Based on information from the REGIONAL MULTIPLE LISTING SERVICE OF MINNESOTA, INC for the period (6/1/2007) through (6/30/2007).