DOWNTOWN AUSTIN CONDO SALES RISING

 

AUSTIN (Austin American-Statesman) – Austin’s downtown condominium market is gaining momentum, with 17 sales recorded in March among just four condo towers.

The recent hike in condo sales — up from six units in January and nine in February—has brought first-quarter sales to 32, with a total value of about $30.5 million, according to Capitol Market Research.

The average sale price was $952,800. Per-sf costs ranged from $553 to $664.

Units at the Austonian, Four Seasons Residences, Spring condominiums, and the W Residences are about 71 percent sold, collectively.

Charles Heimsath, president of Capitol Market Research, believes the market for downtown condominiums is strong. And, with the difficulty in securing financing for developing high-rise condos, he believes future supply will be scarce when these towers sell out.

Advertisements

About melissagriggswebb

My professional career has always had a focus on sales and marketing including a diverse mix of technology and media sales as well as fund raising and event planning experience. My passion for residential real estate and design led me back to Texas almost a decade ago at which time I acquired my real estate license. I escalated my real estate career when I partnered in a business with my husband, Robert, in which we renovate homes in the Central Austin area. We have a daughter who is the joy of our lives and keeps us on the go and on our toes! Besides my family, my interests include art, design, jogging and music. I am a member of the Austin Board of REALTORS®, the Texas Association of REALTORS®, the National Association of REALTORS® and Member of Who’s Who in Luxury Real Estate. My enthusiasm for the highly desired Austin lifestyle, in addition to my extensive knowledge, resourcefulness and professionalism, make me the one to call for properties in Austin.
This entry was posted in Austin's go to Real Estate Blog. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s