“How much will this condo be worth in a few years?” Is there a more important question for an investor? It’s a question without a specific answer, though. Nobody can predict the future, of course. However, we can glean insight from what history tells us. The information we uncovered is pretty interesting. Below is an analysis I prepared…
Sales Data
Tower Vs. Tower: AT’s Austin Condo Cheat Sheet
There’s a lot of disparate information on the “internets” about Austin’s condo towers, so we observed it could be useful to see the basics on a single page. This is information we have presented in other forms across the site. Hopefully readers can use this as a simple, basic cheat sheet . This is a handy “at-a-glance” guide to condos for sale in…
Exclusive: Downtown Austin Condo Sales Report
It’s no secret that the demand for downtown Austin living is growing. However, information on sales of new condos has been closely held. This had the tendency of just emboldening skeptics. Now, the data presented here should allay lingering doubts about downtown Austin condo pricing. Below is a chart of the monthly aggregate sales data…
Exclusive: October Downtown Condo Sales
We’ve updated the AustinTowers | TOWERS Realty Downtown Austin Condo Market Index for October, 2009. For the fourth month in a row, MLS sales were higher than the previous year’s numbers. The most recent numbers suggest that the bottom of the downtown Austin condo market was likely hit this spring. Over the last few months, sales, prices, and price-per-square-foot have…
February, 2009 Downtown Condo Sales
Here are the results from February, 2009: Month Sales Avg. Price $/SF Avg SF Avg Year % Ask ADOM Feb-08 6 $279,017 $309 897 1977 98% 89 Feb-09 6 $400,833 $322 1,258 1998 90% 116 Change 0% 44% 4% 40% 21.00 -8% 30% Despite a substantial increase in downtown units over the last year, February…
January, 2009 Downtown Condo Sales
Below are the results from January, 2009 : Month Sales Avg. Price $/SF Avg SF Avg Year % Ask ADOM Jan-08 5 $384,600 $315 1,172 1991 93% 73 Jan-09 4 $358,225 $321 1,129 1996 93% 85 Change -20% -7% 2% -4% 5.00 -1% 16% While 4 units is a small number no matter how you…