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You are here: Home / Market Analysis / Analysis: Understanding New Condo Pricing and Risk
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Analysis: Understanding New Condo Pricing and Risk

towers staff August 10, 2009 Comment

Condo fire sales at Brazos Place, the Shore and other projects have led readers to question the value of purchasing condo units directly from the developer during or prior to construction. In these and other projects, full price buyers have seen the value of their units plummet when the developer dumped excess units at a deep discount.For example, one reader told us that their large Shore unit recently appraised for $525K, roughly . . .

 

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48 East Ave #1007
Austin, TX
Photo of 48 East Ave #1007, Austin, TX 78701 (MLS # 8700780)
$475,000
17
  • Lot Size
    40 sqft

  • Home Size
    463 sqft

  • Beds
    1 Bed

  • Baths
    1 Bath

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48 East Ave #1007
Austin, TX
Photo of 48 East Ave #1007, Austin, TX 78701 (MLS # 8700780)
$475,000
17
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  • Beds
    1 Bed

  • Baths
    1 Bath

507 Sabine ST #907
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Photo of 507 Sabine ST #907, Austin, TX 78701 (MLS # 6667684)
$625,000
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Photo of 360 Nueces ST #4305, Austin, TX 78701 (MLS # 1553128)
$1,925,000
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