We’ve updated the AustinTowers | TOWERS Realty Downtown Austin Condo Market Index through May, 2010 and, for the twelfth month in a row, MLS sales volumes have increased in comparison to previous year numbers. On a per square foot basis, however, year-to-date prices are down about 9% over the comparable 2009 numbers based on a 12-month rolling average.
| Month |
Sales |
Avg. Price |
$/SF |
Avg SF |
Avg Year |
% Ask |
ADOM |
| May-09 |
11 |
$347,045 |
$308 |
1,150 |
1990 |
96% |
63 |
|
May-10 |
24 |
$258,967 |
$285 |
934 |
1976 |
96% |
118 |
|
Change |
118% |
-25% |
-8% |
-19% |
-13.91 |
0% |
87% |
The big news for May is that condo sales volumes soared, breaking the longstanding Austin Towers | TOWERS Realty record of 22 units in a month (set in April, 2008). View the Full Analysis:
Leave a Reply