We’ve just received last years downtown Austin condo sales data and are excited to be able to provide a quick preview of the aggregated full year data. Over the next few weeks, we’ll crunch the numbers and provide deeper analysis including condo sales and values by building for the major downtown Austin projects.In 2010, MLS…
News
Austin real estate news combined with editorial and opinion.
First Austonian Sale Hits MLS!
One of the tough things about buying units in new projects is that it’s hard to know the fair market value. While the developer will set a price — it’s the open market that determines whether that price is fair. As the famous Los Angeles agent Ari Emmanuel recently said, “Fair is where you end…
Security Cameras Headed Downtown
According to the Statesman, 23 new security cameras are planned for police-use downtown for the purpose of “force extension”.According to the Statesman, “the City Council unanimously agreed Thursday to accept $250,000 from the Downtown Austin Alliance for 23 cameras between Interstate 35 and Congress Avenue, north of Fifth Street and south of Seventh Street. Officials…
New! Keep up with AustinTowers
Unbelievably, this month marks the fourth year of AustinTowers. For our anniversary, we’re excited to add new ways for our thousands of frequent readers to keep up with the News on AustinTowers! Facebook First, we’ve added integration with Facebook so you can share stories with friends directly from each post. Simply click on the Facebook…
New Office Tower Planned for Downtown Block 51
After developing and selling out 360 — one of the most successful downtown projects — Novare Group announced in 2008 that they would build two new towers on Block 51 & 52. The prime downtown blocks, one the site of the downtown post office and the other on an adjacent block to the West of the…
Forecast: Austin Rents to Sharply Rise
According to the Austin Business Journal, “apartment occupancy rates jumped notably in 2010, prompting decreased supply and higher prices, according to a recent report.”As demand continues to outstrip supply this year, the City is predicted to become the country’s second best industry performer — in terms of rent growth — after San Jose, California.According to…