Saint Paul Real Estate Values
According to the latest Zillow Real Estate Market Reports, Saint Paul Home values decreased by 11.6% in the fourth quarter of 2008, compared to the fourth quarter of 2007. Nationally, home values decreased 11.6% during this same period.
Home values changes for the fourth quarter 2008 in Saint Paul Neighborhoods are:
| Battle Creek, Saint Paul, MN | -13.2% |
| Como, Saint Paul, MN | -10.1% |
| Dayton’s Bluff, Saint Paul, MN | -11.1% |
| Downtown Saint Paul | n/a |
| Highland, Saint Paul, MN | -9.7% |
| Mac Groveland, St. Paul, MN | -9.0% |
| Merriam Park, St. Paul, MN | -10.8% |
| Midway, Saint Paul, MN | -10.2% |
| North End, St. Paul, MN | -11.1% |
| Payne Phalen, St. Paul, MN | -11.3% |
| Summit Hill, St. Paul, MN | -13.2% |
| Summit University, St. Paul, MN | -11.8% |
| Thomas Dale, Saint Paul, MN | -10.3% |
| West 7th, Saint Paul, MN | -10.0% |
| West Side, Saint Paul, MN | -11.9% |
The above numbers are from Zillow and are defined as: The % change for the Zillow Home Value Index over the prior quarter (3 months).
These statistics show that housing values in these areas are still dropping. I am amazed when I meet homeowners that won’t admit that we are in a recession and still are trying to sell their homes for inflated prices circa 2004!
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