Below are the results from January, 2009 : Month Sales Avg. Price $/SF Avg SF Avg Year % Ask ADOM Jan-08 5 $384,600 $315 1,172 1991 93% 73 Jan-09 4 $358,225 $321 1,129 1996 93% 85 Change -20% -7% 2% -4% 5.00 -1% 16% While 4 units is a small number no matter how you…
W Hotel & Residences . . . . & Offices?
According to the developers, plans for Block 21 — the large second street development featuring the W Hotel & Residences — have been revised to include 35,000 feet of office space. Assuming that the size of the project remains the same, office space will account for about 3.5% of the planned one million square foot…
The Downtown Austin Condo Rumor Mill
Over the last year, there has been an amazing flow of rumors about the major downtown Austin condo projects. Most of these rumors have been false. In particular, both the Austonian and W have been plagued with gossip that the projects were facing cancellation. Even in the last month, when construction patterns changed during the…
Austin Home Building Plummets, Still Best in Nation
Across the country, housing starts are down dramatically. During 1998, Austin builders started construction on slightly more than 8,000 houses last year. This was the lowest number in 11 years. According to Metrostudy, a Houston-based research firm, ustin has experienced a 66 percent decline in housing starts from its peak in the third quarter of…
Austonian Profiled in Architectural Record
An article published in Architectural Record, the leading national trade publication for architects, provides an extensive profile of the Austonian. The article reveals new details about the projects green features including it’s “Chilled water HVAC” and rainwater collection system. It also talks about the project’s high-end touch screen controls for lighting, security, media, and climate…
New Market Data: 2008 Downtown Condo Sales Analysis
We have put together a comprehensive analysis of recorded downtown Austin condo transactions in 2008. The analysis looks at MLS data capturing 2008 condo sales in area DT during the year 2008. Like all listing data, it excludes private transactions that were not listed on the MLS. This is a big exception considering that 360,…