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Families in Downtown Austin Condos

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Sometimes when I’m chatting with a peer of mine about where they’d like to live, I ask them if they would consider downtown.  A common response to that question is “Well, I have (or want to have) kids….so….” as though that’s the consideration keeping them from a condo. I guess when people think of the demographic of downtown Austin (and, I guess, downtowns in general), they think that high-rises are for singles, young couples, or empty nesters – most folks don’t feel like condo buildings are places where families do or should dwell.

Well, believe it or not, there are lots of families living in downtown Austin that are bucking the stereotype.  I’ve had the chance of over the last several months to interview a few families living in downtown Austin [Read more…] about Families in Downtown Austin Condos

Downtown Austin Condos For Sale

austin congress ave bridge no bats
Downtown Austin’s Congress Ave bridge by David Gottlieb

Downtown Austin has a variety of condos for sale and apartments to rent. Some new, some old. Some modern, some more traditional. Though for aesthetic reasons we differentiate Austin’s lofts for sale, the Austin building boom over the past decade has made the term “Austin condos” synonymous with downtown.

 

Start here and compare Austin condos for sale at our sister site TOWERS.

Downtown Austin is where I live, work, and play.  I can share the inside scoop on every building in our neighborhood.

Jude Galligan, REALTOR, 512-236-8898, or email me.

Austin condos are available in many sizes, and floor plan configurations, and commensurate broad range in pricing.  Average and median pricing in the summer of 2016 is hovering over $500 per square foot.  At the very upper end, we’ve observed new construction and luxury condo tower pricing exceeding $1,200 per square foot.  Factors such as building age, proximity to the lake, protected views of the lake, and building amenities have a direct impact on pricing.

downtown austin condo search
Click above to browse downtown condos.  Call Jude Galligan, REALTOR, 512-236-8898, or email me.

If you want new construction in the downtown core, then the only buildings currently available with a handful of residences never lived in is the Austonian and recently completed Seaholm Condos.  Under construction is Fifth & West Residences, 70 Rainey, and the Independent.

Generally, the higher the floor the better the view, thus prices will increase as you go up.  Notably, there is a premium to live close to Whole Foods.  This could change when downtown Austin gets a supermarket east of Congress Ave, and one is rumored to be going into the Rainey Street District.

Those with pets and enjoy the outdoors should consider the Milago Condos, the Shore Condos, and other buildings generally close to the trail.  If you enjoy listening to live music and like to be near the historical center of Austin consider Avenue Lofts, Brazos Lofts, or The Sabine.  Many people want the best views in town and should consider Spring Condos, 360 Condos, or the south facing residences at the W Hotel Condos.

Below are a few examples of downtown Austin condos for sale.

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There Are Downtown Austin Condos That Are FHA Approved

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(UPDATED AS OF JANUARY 25TH 2013)

To qualify for an FHA loan in Travis County the purchase price of the residence must be under $288,750.  For FHA loans, you only need at least 3.5% down payment.  Consider downtown Austin condos like the Avenue Lofts or the the Shore Condos, two of the five downtown buildings that are FHA approved condos.

FHA approved downtown Austin condos:

FHA approval has ZERO to do with the quality or desirability of a building.  In fact, it is smart Home Owner’s Associations and developers that open up their projects to as many financing options as possible.

-Jude