One problem with analyzing the downtown austin condo market is the lack of good sales data on many of the projects currently on the market. When realtors sell traditional single family homes or resell condo units, they are listed on MLS and the actual sales price is recorded in MLS and available to any participating real estate agent. Unfortunately for buyers and sellers, many ...
News
Austin Luxury Market
The market for high-end homes has been one of the fastest growing segements in the Austin market. According Sam Chapman, "there are [currently] over 400 homes priced for over one million dollars on the market in the Austin area. The average price of these Austin luxury homes is $1.8 million and the average size is over 5,000 square feet. The most expensive listing is an over ...
The Condo Conversion Wave
The Statesman reported today on three condo conversion projects currently under way in downtown Austin. All three projects will transform commercial space into new condos. As thousands of residential units are being built in Austin for new residents who want to live and work in downtown. Compared to the boom in condo development, there is relatively little new downtown office ...
Nokonah Pricing Analysis: Part I
The Nokonah, A luxury high-rise project completed in 2002, was one of the first successful projects that helped to ignite the current condo boom in downtown Austin. The 11-story project is located at 9th and Lamar just north of Whole Foods and on the western border of downtown. When the Nokonah was built, the real estate market in Austin was stalling as the regional economy ...
Barton Springs Project Proposed
While it's technically out of the downtown radius, Texas American Resources is proposing a 14-story mixed-use project on Barton Springs Rd. between 1st and Lamar and directly across from the Long Center. The building would include 24 condo units atop 86,000 feet of office space and a ground floor restaurant. The site is the former location of the iconic Filling Station ...
