Here are the results from February, 2009:MonthSales Avg. Price$/SFAvg SFAvg Year% AskADOMFeb-08 6 $279,017 $309 897197798%89 Feb-09 6 $400,833 $322 1,258199890%116 Change 0% 44%4%40%21.00-8%
The 10 Mile Loop: Austin to Proceed with Hike & Bike Trail Extension
Over the last few months, the City has been floating a proposal that would achieve one of Austin’s most important urban planning goals: filling the 1.2 mile gap in the 10.1 mile hike and bike trail around Lady Bird Lake. While land owners along the 1.2 mile stretch of the lake have objected, the City…
Keeping up with AustinTowers
For our thousands of frequent readers, there are more ways than ever to keep up with the News on AustinTowers!If you have a Twitter account, you can follow us at http://twitter.com/austintowers . We regularly use twitter to send flash news updates, check the validity of rumors, and pass on market insights from experts that we talk…
Austin May Eliminate Downtown Meters! (there’s a catch)
Good news! The City of Austin is considering eliminating 3,800 single space parking meters!The only downside is that they plan to replace the 3,800 meters with 750 whole block “pay station kiosks” that will make you walk down the block to figure out how to use a complex machine to print a ticket to place…
On Sale! Bridges on the Park Now 20% Off?
In a highly unusual strategy, Bridges on the Park has announced a “March Sale” in which they have reduced unit prices by 20%. With the reduction, prices start under $300,000 for a 1 bedroom 1 bath unit and under $400,000 for a 1,349 square foot 2/2 unit. The pricing reduction shifted the price per square foot from $350-$430/SF to…
Everyone Agrees: The January Real Estate Uptick
In conversations with realtors and developers who focus on downtown Austin, everyone agrees that the last few months have been really tough. Ever since the fall economic collapse, the downtown real estate market has essentially ground to a halt. Surprisingly enough, everyone also seems to agree that there was a noticeable uptick in January.While the AustinTowers Downtown Market Index…