Exclusive: Strong August but Weaker September Downtown Condo Sales

towers staff October 20, 2010 Comment

We’ve updated the AustinTowers | TOWERS Realty Downtown Austin Condo Market Index for August and September, 2010. After 14 months of year-over-year sales gains, sales volumes in September dropped to below their year ago level.

Month	Sales	Avg. Price	$/SF	Avg SF	Avg Year	% Ask	ADOM
Aug-09	14	$252,029	$255	986	1987	93%	57
Aug-10	16	$330,088	$298	1,056	2004	94%	57
Change	14%	31%	16%	7%	16.07	1%	0%

Month	Sales	Avg. Price	$/SF	Avg SF	Avg Year	% Ask	ADOM
Sep-09	15	$258,993	$307	845	1986	91%	81
Sep-10	12	$221,745	$282	786	1993	96%	113
Change	-20%	-14%	-8%	-7%	7.13	6%	40%

During August and September, 28 units worth a total of $7.9M were transacted on the MLS: 1 less than during the same period in 2009. While volume and price both increased in August and then decreased in September