Where sellers get their asking price: Downtown East

May 14, 2012 at 7:14PM
(Margaret Andrews — Star Tribune/The Minnesota Star Tribune)

In the Downtown East neighborhood of Minneapolis, which is situated along the banks of the Mississippi River, sellers got, on average, more than 95 percent of their original list price. That's 5 percent higher than the average metrowide. This up-and-coming neighborhood that's sandwiched between Portland Avenue and I-35W is sprinkled with cultural attractions (Guthrie Theater, Mill City Museum) and excellent restaurants. Most of the housing consists of high-end condos in either new buildings, or in rehabbed historic warehouses.

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