After a super strong February, downtown Austin condo sales fell 28% in March from the prior year period. Last month, we asked whether strong February sales was a trend or an anomaly. With the data in, it seems that the market has not strengthened from last year. For the first quarter, 33 units were sold…
News
Austin real estate news combined with editorial and opinion.
Exclusive: Building-by-Building Sales Analysis
Tweet We’ve received a few requests for detailed sales statistics by building. In response, we have re-run the 2010 MLS sales numbers to provide a more detailed picture of sales for all of the major condo projects — at least all the projects that had at least two completed sales on MLS. The statistics include the…
26-Story “Congress Sliver Hotel” Approved by City Council
According to the Austin Business Journal, “Austin City Council on Thursday approved special zoning to allow the transformation of a historic Congress Avenue building into a boutique hotel.”Under the new plans, developers will build a 26-story 130 room hotel and restaurant on top of a small 120-year-old Congress Avenue building. The project could begin construction…
Whitley Printing Site Under Contract for Possible Apartment Project
According to the Statesman, the former Whitley Printing Co. building site on third between Brazos and San Jacinto is under contract to Riverside Resources which is evaluating plans to build an apartment complex on the site. The Whitely site is one of the last remaining prime downtown building sites. The lot is on a key…
Does Downtown Feel Crowded? SXSW = 13K People, F1 Racing = 300K People
St. Patrick’s Day 2011 may have been the most crowded that I have ever seen downtown. With SXSW music in full force, a packed free concert for the Strokes at Auditorium Shores, and a steady stream of locals headed downtown to celebrate St. Patrick’s Day, downtown was absolutely crazy. This year’s SXSW music festival packed…
First W Austin Condo Sale Prices Hit MLS
As condos in the W Residences begin to close, the first two units have hit the MLS. For buyers looking at the W, this is one of the first public signals of the building’s market value. The units were: 23rd Floor1,169 Square Feet1 Bedroom / 2.5 Baths$570,984$488 / SF 22nd Floor3,498 Square Feet3 Bedroom / 3.5 Baths$2,035.000$582…