West Side

Saint Paul Real Estate Market Analysis: September 2008

In a change to what we have seen in previous months, new listings for homes in Saint Paul, Minnesota, rose during September according to the Minneapolis Area Association of Realtors’ Market Update for 100 Twin Cities Communities.  Throughout the month, there were 621 new listings in St. Paul.  During September of 2007, there were 602 new listings.  That adds up to an increase of about +3.2%!  It may be small, but it is something.  The Phalen and Highland Park neighborhoods of Saint Paul saw the greatest boost in new listings during September at +44.3% and +32.4% respectively.  Conversely, the West 7th and Merriam Park neighborhoods saw decreases in new listings during September of -45.0% and -50.0% respectively.  (Barker & Hedges blog entry about August 2008 St. Paul Real Estate Market Activity.)

Como 31 (-24.4%)
Crocus Hill 42 (-26.3%)
Downtown Saint Paul 25 (-19.4%)
East Side 139 (+23.0%)
Highland Park 49 (+32.4%)
Mac-Groveland 34 (-10.5%)
Merriam Park 14 (-50.0%)
North End / Frogtown 82 (+18.8%)
Phalen 101 (+44.3%)
Southeast 15 (+7.1%)
St. Anthony / Midway 35 (-31.4%)
West 7th 11 (-45.0%)
West Side / Cherokee 42 (+27.3%)

Saint Paul’s posted new listings for the year to date were at 5,543 from January through September.  That is a decrease of -8.9%.  This September’s increase in new listings helped raise that from August’s -10.2%.  If October follows in suit for new listings in St. Paul, the city might be on par with its real estate listings for last year.  Merriam Park and St. Anthony / Midway have seen the greatest decreases in new listings.  The Phalen and West Side / Cherokee neighborhoods have seen increases in new listings for the year to date.

Como 321 (-19.8%)
Crocus Hill 414 (-16.5%)
Downtown Saint Paul 325 (-20.5%)
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Saint Paul Real Estate Market Analysis: August 2008

As we have seen in months previous, new listings for homes fell in Saint Paul, Minnesota, once again during August, according to the Minneapolis Area Association of Realtors’ Market Update for 100 Twin Cities Communities.  During the month of August this year, there were 553 new listings in St. Paul.  Throughout August of last year, there were 641 new listings, a decrease of about -13.7%.  This is similar to July's drop in new listings of -13.6%. The Como / Como Park neighborhood of Saint Paul encountered the greatest reduction in new listings during August at -32.5%.  The only neighborhood to have an increase in new listings in August compared to last year was Merriam Park, where listings rose 6.7%.  (To see a Barker & Hedges blog entry about July 2008 St. Paul Market Activity, please click here.)

Como 27 (-32.5%)
Crocus Hill 41 (-0.0%)
Downtown Saint Paul 29 (-21.6%)
East Side 113 (-15.0%)
Highland Park 42 (-4.5%)
Mac-Groveland 31 (-16.2%)
Merriam Park 16 (+6.7%)
North End / Frogtown 71 (-17.4%)
Phalen 82 (-3.5%)
Southeast 28 (-17.6%)
St. Anthony / Midway 29 (-31.0%)
West 7th 16 (-15.8%)
West Side / Cherokee 26 (-7.1%)

Switching topics to Saint Paul’s posted new listing for January through August, there were 4,922 new listings within the city.  That is a decrease of -10.2% compared to the 5,482 new listings recorded within the same period of time in 2007.  The greatest new listing variations occurred in the St. Anthony / Midway neighborhoods, where new listings have dropped by nearly 30% for the past two months in a row, whereas the West Side / Cherokee neighborhoods’ new listings of homes for sale have increased 14.4% in comparison to last year.

Como 290 (-19.2%)
Crocus Hill 372 (-15.3%)
Downtown Saint Paul 300 (-20.6%)
East Side 1046 (-3.7%)
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Saint Paul Real Estate Market Analysis: July 2008

For the yet another month, new Saint Paul, Minnesota, listings for homes decreased during the month of July, according to the Minneapolis Area Association of Realtors’ Market Update for 100 Twin Cities Communities. Throughout July of 2008, there were 599 new listings within the City of Saint Paul. In July of 2007, there were 692 new listings, which is a drop of about -13.4%. This is worse than June 2008’s drop of -8.9%. The Mac-Groveland neighborhood of St. Paul experienced the greatest decline in new listings this month at -56.9%. The West Side/Cherokee neighborhoods experienced the greatest increase in new listings over last year at 41, a very significant 86.4% more listings when compared to July 2007. Here is a list of July 2008 new listings in Saint Paul by neighborhood and the percentage of change that has occurred compared to July 2007. (To see a Barker & Hedges blog entry about June 2008 St. Paul Market Activity, please click here.)

Como 33 (-21.4%)
Crocus Hill 37 (-19.6%)
Downtown Saint Paul 30 (-23.1%)
East Side 125 (-16.7%)
Highland Park 38 (-28.3%)
Mac-Groveland 22 (-56.9%)
Merriam Park 19 (-0.0%)
North End/Frogtown 75 (-12.8%)
Phalen 95 (+6.7%)
Southeast 32 (-25.6%)
St. Anthony/Midway 29 (-0.0%)
West 7th 20 (-9.1%)
West Side/Cherokee 41 (+86.4%)

As we view the city’s posted new listing for the 2008 year-to-date, from January through July, there were 4,369 new listings in St. Paul, compared to 4,841 during the same months of 2007. That equates to 9.8% fewer new listings so far this year. The most extreme changes have happened in the St. Anthony/Midway neighborhoods, where new listings have decreased by 29.8% while the Phalen neighborhood’s new listings continue to increase with 12.1% more homes for sale than last year. Here is a list of new listings in Saint Paul for the 2008 year to date compared to 2007:...

Saint Paul Real Estate Market Analysis: June 2008

New listings for homes fell in Saint Paul, Minnesota, during the month of June, according to the Minneapolis Area Association of Realtors’ Market Update for 100 Twin Cities Communities. During June of 2008, there were 632 new listings in the City of Saint Paul. In June of 2007, there were 694 new listings, which is a drop of about 8.9%, much better than May 2008’s drop of 23.8%. St. Paul’s Downtown again has experienced the greatest decline in new listings at -51.2%. The Phalen neighborhood experienced the greatest increase in new listings over last year at 111, 18.1% more than June 2007. Here is a list of June 2008 new listings in Saint Paul by neighborhood and the percentage of change that has occurred compared to June 2007. (To see a Barker & Hedges blog entry about May 2008 St. Paul Market Activity, please click here.)

Como 35 (-32.7%)
Crocus Hill 41 (-24.1%)
Downtown Saint Paul 21 (-51.2%)
East Side 130 (-1.5%)
Highland Park 31 (-36.7%)
Mac-Groveland 46 (+7.0%)
Merriam Park 20 (-16.7%)
North End/Frogtown 81 (+14.1%)
Phalen 111 (+18.1%)
Southeast 19 (-5.0%)
St. Anthony/Midway 31 (-40.4%)
West 7th 24 (+4.3%)
West Side/Cherokee 38 (+11.8%)

When you look at Saint Paul’s posted new listing for the 2008 year-to-date, from January through June, there were 3,770 new listings in the city, compared to 4,149 during the same time period of 2007. That means there were 9.1% fewer new listings so far this year. The most dramatic changes have happened in the Merriam Park neighborhood, where new listings have decreased by 28.0% while the Phalen neighborhood’s new listings continue to increase with 11.9% more houses for sale than last year. Here is a list of new listings in Saint Paul for the 2008 year to date compared to 2007:

Como 230 (-17.0%)
Crocus Hill 294 (-16.5%)
Downtown Saint Paul 241 (-20.2%)...

Saint Paul Market Analysis: May 2008

Similar to the experience of Minneapolis but more dramatic, new listings for homes fell in Saint Paul, Minnesota, during the month of May, according to the Minneapolis Area Association of Realtors’ Market Update for 100 Twin Cities Communities. During May of 2008, there were 623 new listings in the City of Saint Paul. In May of 2007, there were 818 new listings, which is a drop of about 23.8%. St. Paul’s Downtown experienced the greatest decline in new listings at -56.3%. The West Side/Cherokee neighborhood was the only location in St. Paul to experience an increase in new listings over last year. Here is a list of May 2008 new listings in Saint Paul by neighborhood and the percentage of change that has occurred compared to May 2007. (To see a Barker & Hedges article about April 2008 St. Paul Market Activity, please click here.)

Como 41 (-26.8%)
Crocus Hill 50 (-33.3%)
Downtown Saint Paul 21 (-56.3%)
East Side 143 (-14.4%)
Highland Park 55 (-3.5%)
Mac-Groveland 34 (-41.4%)
Merriam Park 20 (-23.1%)
North End/Frogtown 65 (-27.8%)
Phalen 83 (-0.0%)
Southeast 26 (-33.3%)
St. Anthony/Midway 26 (-46.9%)
West 7th 17 (-51.4%)
West Side/Cherokee 39 (+14.7%)

When you look at Saint Paul’s posted new listing for the 2008 year-to-date, there has been less drastic of a decrease by over half. From January through May, there were 3,138 new listings in the city, compared to 3,455 during the same time period of 2007. That means there are just 9.2% fewer new listings so far this year. The most dramatic changes have happened in the Saint Anthonty/Midway neighborhoods, where new listings have decreased by 31.1% while the Phalen neighborhood’s new listings increased by 11.9%. Here is a list of new listings in Saint Paul for the 2008 year to date compared to 2007:

Como 195 (-13.3%)
Crocus Hill 253 (-15.1%)
Downtown...

Lake Harriet And Its Bandshell

Lake Harriet is a very popular destination for Twin City residents throughout the summer time. Located in the Southwest community of Minneapolis south of Lake Calhoun and north of Minnehaha Creek, it is a part of the Chain of Lakes water system. Lake Harriet has an area of 335 acres and a maximum depth of 85 feet.

The lake was named after Harriet Lovejoy. She came to the area in 1819 with her husband, Colonel Leavenworth, and lived at Fort Snelling. The lake, and the land surrounding it, was donated to the City of Minneapolis by Colonel William S. King in 1885. Ever since that time, is has been a hub of the community.

Lake Harriet has a variety of features going for it and is a destination for recreation and relaxation. The lake itself is great for sailing and fishing. It also has two beaches for swimming. There are 3 miles of bike trails and almost 3 miles of pedestrian trails, which are also a part of the Grand Rounds Scenic Byway. The trails connect with Lake Calhoun on the north end via the William Berry Parkway and with the Minnehaha Creek trail system on the southeast edge.

At the north end of Lake Harriet one can find a refreshment stand and its popular bandhell, used in the summer months for concerts. Through its many incarnations, the bandshell has been a part of Lake Harriet since Thomas Lowry built the first pavilion on the edge of the lake in 1888. This pavilion stood on the grounds until it was destroyed by fire in 1891. Architect Harry Jones designed the second bandshell, the “Pagoda Pavilion.” In 1903 it too was destroyed by fire. A third bandshell was built in 1904, which was once again designed by Harry Jones and was once again destroyed. This time, on July 8, 1925, a windstorm was the culprit. The temporary bandshell built in 1927 actually stood in place until 1985 when it was replaced with the current bandshell....

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 2008 new listings in Saint Paul by neighborhood and the percentage of change that has occurred compared to April 2007. (To see a Barker & Hedges article about April 2008 St. Paul Market Activity, please click here.)

Como: 38 (-33.3%)
Crocus Hill: 48 (-14.3%)
Downtown Saint Paul: 34 (-42.4%)
East Side: 167 (-0.6%)
Highland Park: 41 (-22.6%)
Mac-Groveland: 44 (-0.0%)
Merriam Park: 20 (-25.9%)
North End/Frogtown: 84 (-22.9%)
Phalen: 86 (-3.4%)
Southeast: 23 (-11.5%)
St. Anthony/Midway: 45 (-28.6%)
West 7th: 19 (-9.5%)
West Side/Cherokee: 32 (-0.0%)

When you look at Saint Paul’s posted new listing for the 2008 year-to-date, there has been less drastic of a decrease. From January through April, there were 2,515 new listings in the city, compared to 2,637 during the same time period of 2007. That means there are just 4.6% fewer new listings so far this year. The most dramatic changes have...

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 in Saint Paul by neighborhood and the percentage of change that has occurred compared to March 2007.

Como: 45 (-4.3%)
Crocus Hill: 54 (-8.5%)
Downtown: 49 (-29.0%)
East Side: 143 (+8.3%)
Highland Park: 45 (-6.3%)
Mac-Groveland: 42 (+5.0%)
Merriam Park: 25 (-3.8%)
North End/Frogtown: 79 (+12.9%)
Phalen: 84 (+18.3%)
Southeast: 21 (-30.0%)
St. Anthony/Midway: 34 (-40.4%)
West 7th: 18 (-35.7%)
West Side/Cherokee: 30 (+15.4%)

Saint Paul’s posted new listing for the 2008 year-to-date has changed even less drastically. From January through March of 2008, there were 1,834 new listings in the city, compared to 1,831 during the same time period of 2007. That is actually an increase of about 0.2%. The most dramatic changes have been happening in the Merriam Park neighborhood, where new listings have dropped by about 34.2% while the Phalen neighborhood has gained about 23% new listings. Here...

Minneapolis' Calhoun Isle Community Highlights

On the west-central side of Minneapolis, the beautiful Calhoun Isle Community is a dichotomy, with large, lovely, architecturally stunning houses alongside the tree-filled, natural landscapes surrounding the Chain of Lakes. The Calhoun Isle community is best-known for the Uptown district, Lake Calhoun and Lake of the Isles. Few areas of the city are as readily embracing of nature, with parks and trails running throughout the neighborhoods that comprise this community. The juxtaposition of Uptown’s trendiness with the scenic surroundings of the lakes is an unusual pairing indeed. A supply of well-maintained, older homes contributes to the desirability of this community among families, professionals, singles, and retirees alike.

Bryn - Mawr - In the northwest corner of the Calhoun Isle community lays the neighborhood of Bryn Mawr. The borders of the neighborhood include some parkland, with Theodore Wirth Park as the border to the north and west, Basset Creek to the north, Bryn Mawr Meadows to the east, and Cedar Lake Park in the south. The neighborhood was named by the early investors who came to the area, many of whom arrived from Bryn Mawr, Pennsylvania. The Bryn Mawr area is an upscale neighborhood, with a high percentage of executives and professionals working out of their homes. The commercial district of Bryn Mawr provides these busy professionals and the rest of the residents with many of their daily needs. Surrounded by parkland, there is plenty of activities and green space available for children and adults alike.

Lowry Hill – In the northeast corner of the Calhoun Isle community is the Lowry Hill neighborhood. Lowry Hill neighborhood is enclosed by I-394 on the north, Interstate 94/Hennepin Avenue on the east, 22nd Street on the south, and Lake of the Isles Parkway, Logan Avenue and Morgan Avenue on the west. This area was named for one of the original...