condo conversion

With one week until the Sabine auction, it is clear that many potential buyers are considering participating in the sale.

With starting bids as low as $85,000, bargain hunters will inevitably emerge looking for a great deal. The big question, however, is what is the right price for a Sabine unit.

Last year, 824 Austin apartments were converted to condos. This year, that number is expected to grow to 1,167.

As downtown condo prices have skyrocketed to $400 / SF or more (sometimes much more), a wave of Central Austin rental properties are being converted into more-affordable central condo buildings.