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You are here: Home / News / Exclusive: Summer Downtown Condo Sales Stay Strong
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Exclusive: Summer Downtown Condo Sales Stay Strong

towers staff August 24, 2010 Comment

We’ve updated the AustinTowers | TOWERS Realty Downtown Austin Condo Market Index for June and July, 2010. With the new results loaded, we are pleased to announce that year-over-year sales volumes have increased for the 13th month in a row. In addition, more expensive units are starting to sell, prices are rising, and average days on market is dropping. The downtown Austin condo market continues to gain strength as it enters it’s second year of growth and recovery.

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

8

$431,738

$292
1,400
2000
87%
117

Jun-10

18

$387,241

$324
1,160
1999
95%
100

Change

125%

-10%

11%
-17%
-1.00
9%
-15%


Month

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

12

$265,450

$265
1,021
1987
97%
88

Jul-10

14

$338,192

$298
1,121
1999
96%
74

Change

17%

27%

12%
10%
12.00
-1%
-16%

During June and July — key summer selling months — 32 units worth a total of $11.7 million were transacted on the MLS: 12 more than during the same period in 2009. In addition

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