square foot basis

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.

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.

Today, more than 200 registered bidders showed up to compete for 31 units in the much anticipated Sabine auction.

In the end, 29 of 31 units sold for an average 30.5% discount with a final price per square foot of $228.

With strong demand, the developer added four units into the auction: three just days before the sale and the fourth unit during the auction.

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.

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.

The Austonian is one of the most luxurious and desirable downtown projects currently under development.

With an unusually secretive sales process, details on pricing and sales have been hard to come by.

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.

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.