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You are here: Home / News / Exclusive First Look: 2010 Condo Sales
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Exclusive First Look: 2010 Condo Sales

towers staff January 13, 2011 Comment

We’ve just received last years downtown Austin condo sales data and are excited to be able to provide a quick preview of the aggregated full year data. Over the next few weeks, we’ll crunch the numbers and provide deeper analysis including condo sales and values by building for the major downtown Austin projects.

In 2010, MLS condo sales grew by an amazing 50% over 2009 results. With 168 transactions plus a significant number of non-MLS sales at the Austonian, Four Seasons, Spring, and BartonPlace, 2010 was a strong rebound year.

Month
Sales
Avg. Price
$/SF
Avg SF
Avg Year
% Ask
ADOM

2009

112

$330,344

$296
1,106
1990
94%
88

2010

168

$343,983

$294
1,142
1992
95%
99

Change

50%

4%

-1%
3%
1.4
2%
13%

While sales volumes increased, pricing remained essentially unchanged at $294 per square foot – a 1% decline from $296 / sq foot in 2009. Because the average unit size increased by 3% to 1,142, average sales price increased 4% from $330K to $344K.

In addition, % of ask increased slightly to 95% while average days on market slid from 88 to 99 days.

All in all — it was a good year. Over the next few weeks we’ll look more closely at November and December results while providing deeper analysis of the full year trends.

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