Downtown Austin Blog

downtown Austin's real estate and neighborhood blog

You are here: Home / Search for "contact"

Search Results for: contact

Downtown Austin Open Houses

| |

downtown Austin open house listings for August 28th & 29th
(Got the wrong week? Click here)

Saturday

  1. 904 West Ave, 904 West Condos, 1bd/1ba $193,300 1-3pm [Urbanspace]

Sunday

  1. 360 Nueces St, 360 Condos #1103, 1bd/1ba $262,900 11am-3pm [Keller Williams Realty]
  2. 54 Rainey St, Milago Condos #Ph05, 3bd/3ba $475,000 2-4pm [Urbanspace]
  3. 54 Rainey St, Milago Condos #Ph02, 2bd/3ba $899,900 2-4pm [Urbanspace]
  4. 510 W 18th, Chestnut Square Condos #113, 1bd/2ba $259,000 1-5pm [Capital City Sotheby’s Realty]
  5. 360 Nueces St, 360 Condos #3011, 2bd/2ba $575,000 1-3pm [Urbanspace]
  6. 904 West Ave, 904 West Condos, 1bd/1ba $193,300 1-3pm [Urbanspace]

Expand your home search using DAB’s map-based Austin Property Search

When you’re done with the open houses, you can enjoy an afternoon on Lady Bird Lake by renting a canoe or kayak from at the Texas Rowing Center. Or, dine al fresco at Annie’s Cafe on Congress Ave for breakfast, lunch, or dinner. Make sure to checkout my transaction report from July and discuss with a Realtor who lives and works in downtown Austin.

-Jude

Downtown Austin Open Houses

| |

downtown Austin open house listings for August 21st & 22nd
(Got the wrong week? Click here)

Saturday

  1. 603 Davis St, The Shore Condos #103, 2bd/3ba, $465,000 2-4pm [Urbanspace]
  2. 603 Davis St, The Shore Condos #1603, 2bd/3ba $650,000 2-4pm [Urbanspace]
  3. 603 Davis St, The Shore Condos #1711, 2bd/2ba $449,900 2-4pm  [Urbanspace]
  4. 360 Nueces St, 360 Condos #4004, 2bd/2ba $399,900 11am-3pm [Platinum Realty Austin]
  5. 360 Nueces St, 360 Condos #2508, 1bd/1ba $265,900 12am-3pm [Platinum Realty Austin]
  6. 360 Nueces St, 360 Condos #1311, 2bd/2ba $419,900 11am-3pm [Platinum Realty Austin]

Sunday

  1. 904 West Ave, 904 West Condos, 1bd/1ba $193,300 1-4pm [Urbanspace]

Expand your home search using DAB’s map-based Austin Property Search

When you’re done with the open houses, you can enjoy an afternoon on Lady Bird Lake by renting a canoe or kayak from at the Texas Rowing Center. Or, dine al fresco at Annie’s Cafe on Congress Ave for breakfast, lunch, or dinner. Make sure to checkout my transaction report from July and discuss with a Realtor who lives and works in downtown Austin.

-Jude

Downtown Austin Open Houses

| |

downtown Austin open house listings for Sunday, August 15th
(Got the wrong week? Click here)

  1. 1705 Pearl St, 3bd/2ba, $550,000 2-4pm [Moreland Properties]
  2. 1800 Lavaca St, Greenwood Towers # 608, 2bd/1ba $146,000 2-4pm [Green Mango Real Estate]
  3. 904 West Ave, 904 West #211, 1bd/1ba $193,300 1-4pm [Urbanspace]
  4. 1212 Guadalupe, Penthouse Condos #401, 2bd/2ba $215,000 2-4pm [Green Mango Real Estate]
  5. 510 W 18th St, Chestnut Square #113, 1bd/2ba $259,000 1-5pm [Capital City Sotheby’s Realty]

Expand your home search using DAB’s map-based Austin Property Search


When you’re done with the open houses, you can enjoy an afternoon on Lady Bird Lake by renting a canoe or kayak from at the Texas Rowing Center. Or, dine al fresco at Annie’s Cafe on Congress Ave for breakfast, lunch, or dinner.  Make sure to checkout my transaction report from July and discuss with a Realtor who lives and works in downtown Austin.

-Jude

DAB STATS: July Transaction Summary

| |

In July of 2007 we recorded 14 transactions at an average of $353psf.

In July of 2008 we recorded 11 transactions at an average of $289psf.

In July of 2009 we recorded 13 transactions at an average of $267psf.

In July of 2010, we recorded 12 transactions at an average of $314psf!!

What insights can we glean from four years of July transaction data?  Based on my experience this year, I would say those numbers show that [in aggregate for downtown] a bottom had been reached, and we’re returning to normal where average prices hover around $300psf.

If developers reported sales (they don’t, but if they did), July’s closed Sabine units would nullify the effect of the higher priced closings at the Austonian, Spring, and Four Seasons.  Also, at least two of July’s transactions were deeply discounted transactions at Milago and yet the average numbers are still strong.

The market continues to place a premium west of Congress Avenue, as transactions at Austin City Lofts and 360 condos exceed $400psf.  Feedback from my clients indicate this premium is a reflection of these buildings’ proximity to a mix of retail uses and to Whole Foods.  As inventories of new construction continue to dwindle, the average buyers’ expectations are beginning to come back inline with a healthy resale market.

An example of a great buy in July:  Milago #423. A 2bd/2ba corner unit at tree level with city views for $300,000.  The seller took a hit on this one and originally paid $382,500.  Also, I’m bullish on the Rainey Street District, future improvements to Waller Creek, and the desirability of living near the trail for couples/families.

What does the buyer who prioritizes value do now?  Be prepared.  Get pre-qualified for a mortgage.  Be ready to pounce on the random short sale or bank owned property.  I seem to find 1-2 each month.  Forget about foreclosure auctions in downtown – they simply do not happen with any regularity, and 99% of the time the bank takes back the property and lists it on the MLS market where they can get closer to market rates.  Of course, you can go to the courthouse to see for yourself.  Or, you can just contact me.

Registered members of DAB can download a complete statistical and transaction report here.

-Jude

Downtown Austin Open Houses

| |


downtown Austin open house listings for Saturday, July 31st

  1. 360 Nueces, 360 Condos # 914, 1bd/1ba $349,800 1-3pm [Urbanspace]
  2. 360 Nueces, 360 Condos # 3011, 2bd/2ba $575,000 1-3pm [Urbanspace]

downtown Austin open house listings for Sunday, August 1st

  1. 800 W 5th St, Austin City Lofts # 505, 2bd/2ba   $499,900  1-4pm [AvenueOne]
  2. 54 Rainey, Milago Condos # Ph05, 2bd/3ba $499,900 1-3pm [Urbanspace]
  3. 54 Rainey, Milago Condos # Ph02, 2bd/3ba $899,900 1-3pm [Urbanspace]

The “__11” stack at 360 is one of the best 2bd floor plans in that building.  Definitely check it out. 

When you’re done with the open houses, you can enjoy an afternoon on Lady Bird Lake by renting a canoe or kayak from at the Texas Rowing Center. Or, dine al fresco at Annie’s Cafe on Congress Ave for breakfast, lunch, or dinner.  Make sure to download my transaction report from June (registered members only) and discuss with a Realtor who lives and works in downtown Austin.

-Jude