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You are here: Home / News / Exclusive: January & February Downtown Condo Sales
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Exclusive: January & February Downtown Condo Sales

towers staff March 31, 2010 Comment

We’ve updated the AustinTowers | TOWERS Realty Downtown Austin Condo Market Index for January and February, 2010. With the new results loaded, we are pleased to announce that year-over-year sales volumes have increased for the eighth month in a row. That, however, is where the good news ends.

Month
Sales
Avg. Price
$/SF
Avg SF
Avg Year
% Ask
ADOM
Jan-09

4

$358,225

$321
1,129
1996
93%
85

Jan-10

6

$274,547

$291
953
2005
96%
127

Change

50%

-23%

-9%
-16%
9.00
3%
49%


Month
Sales
Avg. Price
$/SF
Avg SF
Avg Year
% Ask
ADOM
Feb-09

6

$400,833

$322
1,258
1998
90%
116

Feb-10

8

$291,938

$292
1,002
1979
94%
50

Change

33%

-27%

-10%
-20%
-19.00
5%
-57%

During January and February, 14 downtown Austin condo units were transacted on the MLS: 4 more than during the same period in 2009 with the gain spread across both of the months. While volumes are up, prices are headed downward as buyers gravitate towards smaller, older, and cheaper units than they did in the past.

Read the full analysis:

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Filed Under: News

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