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 for the new-luxury highrises in downtown Austin, including: Austonian, Four Seasons, W Hotel Residences, and Spring Condos.
Over the past six months we can see the average new construction condo is 1,526ft and sells for $897,064. AustinTowers’ sister site, Downtown Austin Blog, recently shared that for new-luxury construction only 172 units remain, and that we’re on pace to sell the bulk of those over the next year.
Thanks to each building for their cooperation in sharing, and Charles Heimsath for assembling the data!
As more people move to Austin, the value of central living only goes up. Austin is one of the fastest growing cities in the country, and the desire for walkability and feeling connected to the community bodes well for the long-term growth of downtown and the urban core.
