sf unit

With the addition of new, high-end inventory at the W and Austonian, the market saw increased breadth with more sales in mid and high-price bands.

...With very few new condo units on the horizon, inventory is rapidly decreasing as more units are selling quickly at prices close to the asking price.

... If interest rates stay low and lending standards continue to return to more normal levels, 2012 should be a strong year for condo resale and condo values.

Condo fees fund the daily operations and maintenance of most condo buildings. They cover security, landscaping, cleaning of common area, common area energy use, maintenance, and other key building functions.

In addition -- and this is very important -- a portion of condo fees are held by the building as reserves to fund major maintenance projects.

On average, our research shows, condo unit owners can expect to pay $0.44 / SF / per month or $440 in monthly condo fees for a 1,000 SF unit.

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

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.

One of the most common questions asked by first time condo buyers -- especially in Austin where the popularity of condos is rapidly on the rise -- is how much individual buildings charge in monthly condo fees.

John Wooley, the founder of Schlotsky's, this week announced plans for Zilker Place Condominiums, a new 74-unit condo development on a prime lot on Barton Springs road adjacent to Zilker Park.

With quick access to the park and the hike and bike trail, three 5-story buildings will be constructed on a 2 acre lot that currently houses the restaurant Wanfu Too.

Prices for the units will start at $300,000 for 900 square feet and will top out at $1.3 million for a 3,030 SF unit.

As we have written before, one of most common questions asked by first time condo buyers -- especially in Austin where the popularity of condos is rapidly on the rise -- is how much individual buildings charge in monthly condo fees.

One of the most common questions asked by first time condo buyers -- especially in Austin where the popularity of condos is rapidly on the rise -- is how much individual buildings charge in monthly condo fees.

When you focus on price-per-square-foot in evaluating costs, downtown condos may seem expensive. But there is more to the cost:

- Energy costs in a condo are typically very low: it's not uncommon for average utilities in a 2,000 SF unit (Electric + Gas + Water) to be under $100 per month.

A similar house with a lawn could have average monthly utilities in the $300 - $500 range.

- Maintenance costs are included so you won't have to spend $10K for a new HVAC unit, roof, or other potentially expensive repairs.

When you focus on price-per-square-foot in evaluating costs, downtown condos may seem expensive. But there is more to the cost:

- Energy costs in a condo are typically very low: it's not uncommon for average utilities in a 2,000 SF unit (Electric + Gas + Water) to be under $100 per month.

A similar house with a lawn could have average monthly utilities in the $300 - $500 range.

- Maintenance costs are included so you won't have to spend $10K for a new HVAC unit, roof, or other potentially expensive repairs.