Frogtown

Saint Paul Market Analysis: April 2008

Similar to the experience of Minneapolis but more dramatic, new listings for homes fell in Saint Paul, Minnesota, during the month of April, according to the Minneapolis Area Association of Realtors’ Market Update for 100 Twin Cities Communities. During April of 2008, there were 681 new listings in the City of Saint Paul. In April of 2007, there were 806 new listings, which is a drop of about 15.5%. That is very different from March 2008’s drop of just 4.1%. St. Paul’s Downtown experienced the greatest decline in new listings at -42.4%.

In March the East Side, Mac-Groveland, North End/Frogtown, Phalen, and West Side/Cherokee neighborhoods had more new listings than last year. However, in April there weren’t any Saint Paul neighborhoods which experienced an increase in new listings. The West Side/Cherokee and Mac-Groveland neighborhoods managed to hold steady, with no increase or decline for the month of April. Here is a list of April...

Saint Paul Market Analysis: March 2008

Similar to the experience of Minneapolis (though not nearly as dramatic), new listings for homes fell in Saint Paul, Minnesota, during the month of March, according to the Minneapolis Area Association of Realtors’ Market Update for 100 Twin Cities Communities. During March of 2008, there were 670 new listings in the City of Saint Paul. In March of 2007, there were 699 new listings, which is a drop of about 4.1%. The Saint Anthony/Mid-way neighborhood experienced the greatest decline in new listings at 40.4%.

There were quite a few neighborhoods which experienced an increase in new listings, however. The East Side, Mac-Groveland, North End/Frogtown, Phalen, and West Side/Cherokee neighborhoods had more homes listed for sale in March of 2008 than in March of 2007. The escalating listings in these neighborhoods account for one aspect of why Saint Paul did not experience the drastic over-all drop encountered by Minneapolis. Here is a list of March 2008 new listings...