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You are here: Home / News / Downtown Austin Condo Sales Soar in May
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Downtown Austin Condo Sales Soar in May

towers staff July 14, 2010 Comment

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:

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48 East Avenue #2901
Austin, TX
Photo of 48  East Avenue #2901, Austin, TX 78707 (MLS # 7310385)
$1,800,000
30
  • Lot Size
    17,904 sqft

  • Home Size
    1,121 sqft

  • Beds
    2 Beds

  • Baths
    2 Baths

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