If you are thinking of living downtown, who will be your neighbors? This posting attempts to answer that question by looking at the most recent census data for 78701. 78701 is the predominant downtown zip code: it includes the area between the lake and MLK blvd and between Lamar and I-35. Virtually every project covered…
Huge Downtown Plot Available for Development
Thirteen prime acres in the Rainey street neighborhood – the district between Red River and I-35 south of Cesar Chavez – are for sale in one of the largest downtown real estate offerings ever. The owners who assembled 20+ individual parcels including a large section along the lake are hoping that a master developer will…
Four Seasons Residences May Actually be Built
After seven years of proposed projects, the developer behind the Four Seasons Residences claims that the project will break ground this year. Apparently, the developer is self-financing the $100 million project — eliminating the pre-sales hurdles which stall many projects before construction . . . Become a patron to get the full story and gain…
75% of 360 Units Sold in 3-Weeks
An incredible 75% of the 430 units in Novare Groups’ 44-story 360 project are now under contract after just 3 weeks on the market. The units, which are mostly priced between $190K and $550K, rank among the most affordable units in the current downtown condo boom. This demonstrates, once again, that there is tremendous pent-up demand for…
Why it is Hard to Track Downtown Condo Sales
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…
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…