We reported 9 days ago that downtown Austin condo sales were up 44% year-over-year while prices were down 3%.
This was good news but not necessarily indicative of the broader Austin market. Today, newly released MLS numbers show that central Texas existing home sales soared 38% in October with 1,823 houses selling compared with 1,322 a year ago.
While volumes were up, prices were down 5% to $182,000 as a result of a shift in mix to...
Competitive
The 19 remaining Brazos Place condominiums sold at auction on Sunday for $282/sf, a 29% discount to the original list prices. That still sounds pricey, but it's a good deal compared to...
It's not the condo dwellers complaining about the music
Jeff Ward fell for it, big-time. So did 100% of his callers on Friday afternoon. You know what I'm talking about; the "OMG! All these people moving downtown are complaining about live music!"...
Everyone Agrees: The January Real Estate Uptick
In conversations with realtors and developers who focus on downtown Austin, everyone agrees that the last few months have been really tough. Ever since the fall economic collapse, the...
New York Times Describes Downtown Austin as Attractive Second...
An article in yesterday’s New York Times analyzed downtown Austin as a second home location. The enthusiastic article shed light on an important trend in the downtown market: the...
Look! Is that a kid in a downtown condo?
With the opening of Milago, the Shore, and 360 over the last year or two, a few more kids have moved into downtown condos with their parents. This is great news for downtown diversity, given...
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