• Skip to main content
  • Skip to primary sidebar
  • Skip to footer

TOWERS

Austin city life since 2007

  • News
    • Condo Projects
    • Neighborhoods
  • Listings
    • Austin Condo Guide
  • Newsletter
  • Realty
Search
You are here: Home / Sales Data / February, 2009 Downtown Condo Sales
Search suggestions: condos for sale • rainey street

February, 2009 Downtown Condo Sales

towers staff March 13, 2009 Comment

Here are the results from February, 2009:

Month
Sales
Avg. Price
$/SF
Avg SF
Avg Year
% Ask
ADOM
Feb-08

6

$279,017

$309
897
1977
98%
89

Feb-09

6

$400,833

$322
1,258
1998
90%
116

Change

0%

44%

4%
40%
21.00
-8%
30%

Despite a substantial increase in downtown units over the last year, February sales remained flat year-over-year. The market, however, showed surprising strength given the world changes that have occurred over the last twelve months.

February sales included two transactions greater than $600k — one in the Nokonah and one in Austin Citty Lofts — a positive sign for the upper end of the market. Dollars per square foot increased to $322 from $309 last year. There were three transactions under $300K, two of which were in 360. With four transactions so far this year, units in 360 have sold for an average of $368 / square foot. The range has been a very broad $327 to $405 / square foot.

While the February downtown condo sales numbers are generally positive, “% of ask” dropped substantially to 90% (from 98%) and “Average Days on Market” increased 30% to 116 — both of which suggest sluggishness.

As usual, these results do not include units sold directly by developers in buildings such as 360, the Austonian, Spring, etc. The monthly MLS data tends to under-report sales, especially of high price units.

The full results and current inventory are available on the new AustinTowers Downtown Austin Condo Market Index.

Related

Filed Under: Sales Data

About towers staff

Real estate, architecture, and city planning. Email: austin@towers.net

360 Nueces ST #914
Austin, TX
Photo of 360 Nueces ST #914, Austin, TX 78701 (MLS # 2301936)
$640,000
40
  • Lot Size
    149 sqft

  • Home Size
    832 sqft

  • Beds
    1 Bed

  • Baths
    1 Bath

View Virtual Tour
Previous Post: « The 10 Mile Loop: Austin to Proceed with Hike & Bike Trail Extension
Next Post: Problems at the Sabine: Residents Sue Developer »

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

  •  Schedule a showing

FEATURED Listings

210 Lavaca ST #2312
Austin, TX
Photo of 210 Lavaca ST #2312, Austin, TX 78701 (MLS # 1330450)
$1,925,000
38
  • Lot Size
    131 sqft

  • Home Size
    1,587 sqft

  • Beds
    2 Beds

  • Baths
    2.5 Baths

313 W 17th ST #1307
Austin, TX
Photo of 313 W 17th ST #1307, Austin, TX 78701 (MLS # 4035178)
$1,750,000
9
  • Lot Size

  • Home Size
    1,930 sqft

  • Beds
    4 Beds

  • Baths
    3 Baths

360 Nueces ST #914
Austin, TX
Photo of 360 Nueces ST #914, Austin, TX 78701 (MLS # 2301936)
$640,000
40
  • Lot Size
    149 sqft

  • Home Size
    832 sqft

  • Beds
    1 Bed

  • Baths
    1 Bath

View Virtual Tour
48 East Ave #2407
Austin, TX
Photo of 48 East Ave #2407, Austin, TX 78701 (MLS # 8889100)
$590,000
33
  • Lot Size

  • Home Size
    699 sqft

  • Beds
    1 Bed

  • Baths
    1 Bath

555 E 5TH ST #2806
Austin, TX
Photo of 555 E 5TH ST #2806, Austin, TX 78701 (MLS # 1112164)
$775,000
33
  • Lot Size
    131 sqft

  • Home Size
    1,416 sqft

  • Beds
    2 Beds

  • Baths
    2 Baths

austin condo report

Featured Buildings

  • The Independent
  • Fifth & West
  • 360
  • Austin City Lofts
  • W Residences
  • The Shore
  • 70 Rainey

Footer

LEGAL NOTICE

TREC Information About Brokerage Services (pdf)

Texas Real Estate Commission Consumer Protection Notice


TOWERS realty

Austin Condos For Sale

Agents

Downtown Buildings

Luxury Towers

  • Four Seasons Residences
  • W Hotel & Residences
  • The Austonian
  • 5 Fifty Five at Hilton

Most Popular

  • The Shore
  • 360 Condos
  • Seaholm Condos
  • Spring Condos
  • Milago Condos

New Construction

  • The Independent
  • 70 Rainey
  • Austin Proper
  • Fifth & West

Loft Style

  • Austin City Lofts
  • Brazos Place
  • The Sabine
  • Plaza Lofts
  • Brown Building

Resources

  • Austin Condo Guide
  • Condos For Sale
  • Condo Buyer FAQ
  • Property Search

Featured

Archives

Newsletter · About · Contact Us · DMCA · Privacy Policy · SLAPP · Copyright © 2007-2022 TOWERS.net · All Rights Reserved