We've updated the AustinTowers | urbanspace Downtown Austin Condo Market Index for October, 2009.
For the fourth month in a row, MLS sales were higher than the previous year's numbers. The most recent numbers suggest that the bottom of the downtown Austin condo market was likely hit this spring.
Over the last few months, sales, prices, and price-per-square-foot have all been on the rise.
Month
|
Sales
|
Avg.
Price
... |
Exclusive: March Condo Sales Fall, Prices Increase
After a super strong February, downtown Austin condo sales fell 28% in March from the prior year period. Last month, we asked whether strong February sales was a trend or an anomaly. With the...
Exclusive: MLS Stats Show Weak Jan/Feb Downtown Condo Sales
There is lots of evidence that the Austin real estate market is set to improve: inbound migration rates are extraordinarily high. Job growth is back. Inventory is declining. Rental rates are...
Austonian, Four Seasons Prepare to Open
In downtown Austin, there are two classes of new condo projects. There are upscale projects like 360, Austin City Lofts, Milago, and the Nokonah. About a dozen of these projects have been...
Condo Liquidity Analysis: Will You Be Able to Sell?
If you are thinking of buying a downtown condo unit that you will eventually sell, you need to think about liquidity. Unfortunately, rapid growth in the number of downtown units has also...
Milago: Detailed Comparable Sales Analysis
Over the last 22 months, AustinTowers has been working closely with urbanspace to track the downtown Austin condo market. During this period, Milago has sold more units on the resale market...
Post new comment