mls numbers

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

For the second month in a row, sales volumes fell far below the year ago level. With the sale of two high value units, however, average sales price spiked 28% to $571K.

We've updated the AustinTowers | urbanspace Downtown Austin Condo Market Index for November, 2009 and, for the sixth month in a row, MLS sales volumes have increased in comparison to previous year numbers.

On a per square foot basis, year-to-date prices are down about 5% over the comparable 2008 numbers.

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 crunched the numbers and updated the AustinTowers | urbanspace Downtown Austin Condo Market Index fro June, 2009 and the results are amazingly unremarkable.

On July 20, June MLS numbers were released, showing the first drop in June sales in five years, even as prices rose by more than 7%.

As the strength of the Austin market has defied national trends over the last year, it's natural to worry whether this might signal the beginning of the end.

An incredible 75% of the 430 units in Novare Groups' 44-story 360 project are now under contract after just 3 weeks on the market.

The units, which are mostly priced between $190K and $550K, rank among the most affordable units in the current downtown condo boom.

This demonstrates, once again, that there is tremendous pent-up demand for reasonably priced units in central Austin.