The Downtown Austin Blog is reporting that an amazing 40 units closed in May in the major new construction downtown projects.
Here are the reported May closings by building:
W Residences: 15 in May (Est. 51 now closed)
Barton Place: 12 in May (Est. 90 now closed)
Austonian: 4 in May (Est. 60 now closed)
Spring: 4 in May (Est. 208 now closed)
904 West Ave: 3 in May (Est. 6 now closed)
Four Seasons Residences: 2 in May (Est. 68 Closed)
This is an amazing pace of sales and shows renewed strength in the downtown market. Note that the total numbers are estimated — it’s very difficult to get accurate counts from some of the buildings — especially the Austonian.