The Saint Paul Blog

2008 Year In Review
January 14th, 2009 9:58 PM
Area     # of Sales Avg. Sales Price Change from 2007

Phalen

389 $97,505

-35%

Hillcrest/Daytons Bluff

633 $101,898 -34%

Mounds/Battle Creek

97 $167,737 -11%
Riverview/Cherokee 132 $116,763 -33%
Homecroft/ W 7th 122 $128,638 -27%
Crocus Hill 161 $305,092 -14%
Downtown/Capital Heights 135 $196,274 -5%
Central 362 $67,860 -45%
Como 192 $200,753 -11%
Midway 183 $180,788 -15%
Merriam Park 99 $257,773 -19%
MacGroveland 210 $288,811 -11%
Highland Park 229 $281,693 -10%

Above is the chart that shows how all the St. Paul neighborhoods fared in 2008. As you can see, none of the neighborhoods showed an increase from 2007, which is rare! It is largely due to the number of foreclosures in each of the neighborhoods. Hopefully most of the remaining foreclosures will be purchased by loving homeowners in 2009 and we can start showing some appreciation again. Here are a few "fun facts" from 2008:

· The neighborhood with the smallest decrease in value is Downtown/Capitol with only 5%.

· The largest decrease was Central with 45%!!

· The least expensive house to be sold in 2008 was a 4 bedroom, 1 bath in Phalen for $5,000!

· The most expensive was a 5 bed 9 bath home for $2,150,000 to one of our local celebrities in Crocus Hill.


Posted in:General
Posted by Leslie Kleppe on January 14th, 2009 9:58 PMPost a Comment

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