condo sales

Despite mixed economic news dominating the headlines, the downtown Austin condo market continues to strengthen.

We've updated the AustinTowers | urbanspace Downtown Austin Condo Market Index for July, 2011 -- a very strong month.

With July's results, our seasonally neutral 12-month tracking index set a record for the highest average monthly sales and the shortest average days on market.

This is good news for condo owners: liquidity is clearly increasing for inexpensive and recently constructed units.

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 data in, it seems that the market has not strengthened from last year. For the first quarter, 33 units were sold -- one more than during the same period in 2010.

We've just received last years downtown Austin condo sales data and are excited to be able to provide a quick preview of the aggregated full year data.

Over the next few weeks, we'll crunch the numbers and provide deeper analysis including condo sales and values by building for the major downtown Austin projects.

In 2010, MLS condo sales grew by an amazing 50% over 2009 results.

With 168 transactions plus a significant number of non-MLS sales at the Austonian, Four Seasons, Spring, and BartonPlace, 2010 was a strong rebound year.

According to the Austin Business Journal, sales at the newest downtown condo projects including W, the Austonian, the Four Seasons Residences, and Spring have accelerated in recent weeks with more than 30 closings in October for downtown condos

There are four downtown buildings -- Spring, the Four Seasons Residences, the Austonian, and the

We've updated the AustinTowers | urbanspace Downtown Austin Condo Market Index for June and July, 2010.

With the new results loaded, we are pleased to announce that year-over-year sales volumes have increased for the 13th month in a row.

In addition, more expensive units are starting to sell, prices are rising, and average days on market is dropping.

The downtown Austin condo market continues to gain strength as it enters it's second year of growth and recovery.

We've updated the AustinTowers | urbanspace Downtown Austin Condo Market Index through May, 2010 and, for the twelfth month in a row, MLS sales volumes have increased in comparison to previous year numbers.

On a per square foot basis, however, year-to-date prices are down about 9% over the comparable 2009 numbers based on a 12-month rolling average.

We've updated the AustinTowers | urbanspace Downtown Austin Condo Market Index for July, 2009 and, for the first time this year, MLS sales were higher than the previous year numbers.

We've updated the AustinTowers | urbanspace Downtown Condo Market Index for March and the news is not good.

While month-by-month results fluctuate wildly, March saw a drop of 71% in the number of units sold -- from 14 in March, 2008 to just 4 last month.

For the first quarter, sales dropped from 25 units in 2008 to 14 units in 2009.