There are four downtown buildings — Spring, the Four Seasons Residences , the Austonian , and the W — where you can still find new condo units (+ BartonPlace which is just across the lake). When these buildings are sold out, it will be a long time before new downtown Austin condo inventory appears. Today, the Statesman reported previously unpublished data on current…
News
Austin real estate news combined with editorial and opinion.
WSJ: Shanghai or Austin, Who’s Sexier?
The Wall Street Journal’s China Daily published a very unscholarly analysis of two cities recently recognized for their sexiness in comparison to their national peers. In the U.S.A., Austin received top honors. In China, Shanghai was on top. Having just returned from Shanghai, it is an amazing place — a super modern city of just under…
La Vista on Lavaca: The New Intel Shell
It’s official: the planned “Fondren Building” (AKA La Vista on Lavaca) — a nine-story residential mixed-use tower consisting of 19 condominiums on the top four floors, a three-floor Executive Business Center, and first floor restaurant — has been abandoned mid-construction by its new owners. As a result, a 9-story concrete shell now sits idle on…
Downtown Apartment Market Softening
Over the next year, the central Austin rental apartment vacancy rate is expected to jump significantly from 3.6 percent to 9.4 percent. This negative trend is in stark contrast to what is happening in the rest of the City, where employment growth and migration are reversing the current apartment supply glut. According to market data…
Exclusive: Summer Downtown Condo Sales Stay Strong
We’ve updated the AustinTowers | TOWERS Realty Downtown Austin Condo Market Index for June and July, 2010. With the new results loaded, we are pleased to announce that year-over-year sales volumes have increased for the 13th month in a row. In addition, more expensive units are starting to sell, prices are rising, and average days on market is dropping. The…
Swim! Pictures of Downtown Condo Pools
Ten years ago, if you wanted to live downtown in Austin in a place with a nice pool, your options were slim. Now, most of the new projects feature resort-like pools which are key selling points for the buildings. In the future, nice pools will likely be standard on new Austin condo buildings. As the…