In the latest draft of possible urban- and light-rail alignments, we generally see the same routes we’ve been looking at for the past year. Alas, it’s important to understand that rail will not simply be delivered, it will evolve over decades to serve more and more people. The Statesman has a nice graphic that shows the heart of the system being envisioned. [Read more…] about Where Are You Going?
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Downtown Austin Condo Sales Show Growth
Downtown Austin condo sales continue to reflect strong fundamentals as resale data from February shows increases year-to-year, and from month-to-month.
I’m continuing to tinker with some new statistics, including the effect of the average age of square footage sold. Values of downtown Austin condos tend to be highly correlated with age. This “age/area” metric is useful when comparing monthly data, and I can quickly tell if the data set is skewed towards older or new buildings. In February, the [Read more…] about Downtown Austin Condo Sales Show Growth
W Hotel Residences Begins Closings In January As Downtown Austin Condo Sales Rise Higher
The most significant downtown Austin condo news from January must be the first closings at the W Hotel Residences (aka Block 21 Residences). The W is the last of the luxury high rises to open, and these closings represent a significant milestone for the downtown Austin building boom. Naturally, the proud new owners are taking possession from the lower floors going up. Occupancy is permitted up to the 24th floor, currently. Prices at the W Hotel Residences are firmly placed into our “top-tier” category with starting prices at [Read more…] about W Hotel Residences Begins Closings In January As Downtown Austin Condo Sales Rise Higher
Downtown Austin Condo Prices On The Rise in December
The downtown Austin loft & condo market hit many milestones this year: 1) Austonian opened 2) Four Seasons opened 3) W Hotel residences approached completion. Downtown hosted over $60MM in resale transactions during the year. Moreover, to the surprise or chagrin of some, buyers are flocking to the top-tier buildings. We close out 2010 with 38 closed transactions in the month of December – 18 resale, and 20 direct to developer.
The above chart shows downtown austin condo resale trends based on monthly data from 2010. Direct to developer transactions are not shown on the chart. The most salient trend we can glean from this data is the average sales price hovering steadily ~$300 per square foot.
Details after the jump… [Read more…] about Downtown Austin Condo Prices On The Rise in December
Live, Work, Play Downtown Austin: A Sonnet
So, I asked a poet to write something to commemorate the launch of DAB Realty. I think she nailed it!
“Keep Austin weird!” Is what the locals say,
And it’s clear that there’s something special here:
From the hottest live music every day
To great cafes and restaurants e’er near.
In my historic Austin loft I’m close
To the capital’s vibrant urban core,
True, downtown Austin condos make the most
Of the city – you couldn’t ask for more.
From the Austonian, to Four Seasons,
W Hotel Residences too,
There are limitless places and reasons
To make downtown Austin the home for you.
Looking for Austin life and real estate?
Then to this Downtown Austin Blog relate!