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We've updated the AustinTowers | urbanspace Downtown Austin Condo Market Index for October, 2011, and once again, our seasonally neutral 12-month tracking index set three new records.

With October sales included, the 12-month index set records for the most sales (16.7/month over the last year), the highest $/SF ($314), and the lowest average days on market (86.2).

With no high-end units in the W and Austonian MLS sales, the results suggest that downtown prices are creeping up.

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The Annual AustinTowers | urbanspace Condo Sales Report
2010 Analysis: Downtown Austin Condo Sales

Despite the tough economy and weak national mortgage market, 2010 downtown Austin condo sales increased 50% over 2009 results.

With 168 downtown Austin condo sales tracked through the Austin Multiple Listing Service (MLS) and with prices just 1% lower than 2009, 2010 was a surprisingly strong sales year.

In downtown Austin, there are two classes of new condo projects.

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 meant fierce competition among sellers in some projects.

With so many sellers and ongoing competition from new units in projects like Spring, it can be difficult to sell.

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.

One of the most common questions asked by first time condo buyers is how much individual buildings charge in monthly condo fees.

Over the last 8 weeks, the downtown condo market has taken a dramatic positive turn. After 20 tough months, buyers have begun snapping up units at a surprisingly strong pace.

Local realtor Jude Galligan published a very useful count of known residences in downtown Austin.

His analysis counted -- building by building -- all of the downtown residences he could find.

The purpose of Austin Towers has always been to help downtown austin condo buyers to find the right project and unit.

Today, Austin Towers launches a new listing section which will help make this a reality!