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July Sales: Central Austin Demand & Appreciation Remain Strong

towers staff August 23, 2007 Comment

July sales numbers are out and the news is very positive for central Austin. While the number of sales in July decreased for the city as a whole by 2% (even as prices increased 7% citywide) when compared to last year, the story is truly a tale of two cities: inventory is growing in the…

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Spring Condo Update: Construction Begins, Sales are Strong

towers staff August 19, 2007 Comment

The Spring condos, an attractive 42-story green-colored building just south of Whole Foods, is under construction and selling quickly. According to the marketing center, construction began on July 24th and completion is expected Spring of 2009. As of today, 40% of units have already been sold. We have learned of additional details of the planned project:…

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Austin Housing Prices Increase 5.6%

towers staff August 17, 2007 Comment

In the midst of a rough week in the mortgage industry, it is worth taking a break from the doom and gloom to report that the Austin housing market has been relatively strong over the last year even as prices have decreased in other markets. Whatever does happen in the national economy, the strength of…

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Seaholm Construction Begins

towers staff August 13, 2007 Comment

Construction has officially commenced on a five-year project to transform the Seaholm power plant and surrounding site near Cesar Chavez Street and Lamar into a large mixed-use project. The initial phase of construction, as expected, include mostly infrastructure enhancements and site preparation. Seaholm is a 7.8 acre site, the main feature of which is the…

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Jumbo Mortgage Rates Spike

towers staff August 13, 2007 Comment

The mortgage crisis is now front page news all across the United States. While conforming loans remain okay — primary loans with values below $417K and full income documentation for buyers with solid credit – the investor market for everything else is in trouble. The result is a rapid rise in rates. As for the…

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Mortgage Crisis Hits Austin

towers staff August 11, 2007 Comment

Over the last two days, the Austin lending market has changed dramatically for the worse. As the subprime lending crisis has evolved into a global problem—the bankruptcy of two large lenders seems to have tipped the scales — the market spotlight has turned a negative eye on every participant in the residential mortgage market. As…

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FEATURED Listings

44 East Avenue #2205
Austin, TX
Photo of 44  East Avenue #2205, Austin, TX 78701 (MLS # 8345255)
$1,475,000
29
  • Lot Size

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    1,232 sqft

  • Beds
    2 Beds

  • Baths
    2 Baths

555 E 5th Street #725
Austin, TX
Photo of 555 E 5th Street #725, Austin, TX 78701 (MLS # 9482800)
$545,000
20
  • Lot Size
    88 sqft

  • Home Size
    817 sqft

  • Beds
    1 Bed

  • Baths
    1 Bath

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48 East Avenue #2210
Austin, TX
Photo of 48  East Avenue #2210, Austin, TX 78701 (MLS # 5004162)
$1,569,500
38
  • Lot Size
    17,904 sqft

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    1,277 sqft

  • Beds
    2 Beds

  • Baths
    2 Baths

300 Bowie Street #703
Austin, TX
Photo of 300  Bowie Street #703, Austin, TX 78703 (MLS # 1326444)
$699,980
31
  • Lot Size
    101 sqft

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    983 sqft

  • Beds
    2 Beds

  • Baths
    2 Baths

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619 Tillery Street #B
Austin, TX
Photo of 619  Tillery Street #B, Austin, TX 78702 (MLS # 4009706)
$839,619
30
  • Lot Size
    3,050 sqft

  • Home Size
    1,796 sqft

  • Beds
    3 Beds

  • Baths
    3 Baths

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