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.