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
