Chill out. Cool off. It’s not just the weather, but the market chilled in September yielding a stellar month for downtown Austin buyers. In September, the average sale price of a downtown Austin condo was $282 per square foot. This is based on 12 recorded transactions in the Austin MLS. Year-to-year comparison shows last month was down from $338 per square foot across 20 transactions in September of 2009. Month-to-month, September was down from $298 per square foot across 16 transactions recorded in August.
Highlights:
-Speaking of cooling off: hell froze over in September as the Statesman, frequently antagonistic to high rises, published an upbeat review of the downtown luxury market.
-A cartoon reminded us of an all too familiar exchange.
-We saw a glimpse of 2006 with a genuine bidding war on a bank owned unit at Brazos Place.
Top Tier Summary:
Not reflected in the MLS data are developers’ direct transactions at the top-tier buildings. According to TCAD, the Austonian shows eight closings, which is one more than last month. At the W Hotel Residences, with 159 total units, we’re told that 60% of the units are under contract, and the ability to now get into the building has been increasing contract velocity to 3-4 per month. We’ve been informed that at the Four Seasons Residences ~40 units have closed, with another 40 under contract.
You can search for Austin condos and lofts using our map-based viewer. Registered members of DAB can download a complete statistical and transaction report here.
-Jude
September Downtown Austin Condo Sales
| Address | Building | Bedrooms | Square Feet | Sold Price |
|---|---|---|---|---|
| 710 Colorado St #A8 | Brown Building | 1 | 849 | Call |
| 360 Nueces St #3703 | 360 Condos | 1 | 728 | Call |
| 54 Rainey St #1220 | Milago Condos | 1 | 750 | Call |
| 54 Rainey St #517 | Milago Condos | 1 | 865 | Call |
| 1212 Guadalupe St #301 | Penthouse Condos | 2 | 954 | Call |
| 360 Nueces St #2707 | 360 Condos | 1 | 852 | Call |
| 54 Rainey St #1011 | Milago Condos | 1 | 756 | Call |
| 800 Brazos St #911 | Brazos Place Condos | 1 | 622 | Call |
| 603 Davis St #607 | The Shore Condos | 1 | 771 | Call |
| 901 W 9th St #419 | The Nokonah | 1 | 731 | Call |
| 507 Sabine St #303 | The Sabine | 1 | 693 | Call |
| 360 Nueces St #1013 | 360 Condos | 1 | 861 | Call |






Recent Comments
It seems as though your biased statements are based upon an uninformed belief and that you actually know nothing about ...
100% of the people living in this project will be receiving handouts. If you are paying $500 or under ...
New Renderings Of Capital Studios | Downtown Austin Blog http://t.co/sh6uc5b9
Draft art renderings of Capital Studios, our proposed downtown affordable community, via @downtown_austin http://t.co/lzgrne1b
Austin does not pride itself on "luxury-living" in downtown! That's an illusion made up by the residents of the Austonian/360 ...
My oh my what harsh language! I'm not criticizing anyone personally and its an opinion of my own so take ...
You want Foundation Communities to build a project in East Austin, that would take advantage of the Metro Rail? They ...
A bit perplexed on why you would think I have " the old attitudes about East Austin being the scary ...
If you want the real estate to stay prime two, three, or more decades from now, it's a much smarter ...
Okay, where are you getting that this is going to be a drab, prison-like building. The rendering looks pretty nice, ...
East Austin is only a couple blocks away. This is PRIME real estate. Why does it have to be right ...
There was already interest by developers for this lot to build condos/apartments atop retail with a great design. To ...
I agree with Zeke. The current idea of downtown being a luxury living location really began with the completion of ...
@downtownliving 1) you obviously have not been in Austin long if you think a. Austin is for the well-to-do or ...
You're a clown. "Always been for the well to do"? Hilarious! You couldn't have walked down Rainey St. at night ...