Downtown Austin Condos Sales Report – August 2010

We have received numerous inquiries recently about how downtown Austin condos have been selling this summer, so we decided to start keeping track of the recent sales, and providing those statistics to our readers.  Here are the recent sales stats for Downtown Austin condos for the month of August, 2010:

Property Type: Residential Status: Sold Number of Properties: 16
  Beds Baths SqFt Listing Price LP/SqFt Selling Price SP/SqFt SP/LP SP/OLP DOM
High 3 2 2,487 $1,250,000 $502.61 $1,125,000 $452.35 100% 100% 286
Low 1 1 608 $99,900 $164.31 $95,000 $156.25 88.2% 90% 9
Average 1 1 1,056 $350,269 $313.07 $330,088 $297.65 94.89% 94.82% 57
Median 1 1 908 $282,450 $308.18 $278,450 $298.64 95.2% 94.25% 44

 

As you can see, the median price per square foot for downtown Austin condos was at $298.64 for the month of August, 2010.  Units stayed on the market for about 44 days, and there were 16 condos that sold for the month.

Next month, we will take another look at the Downtown Austin condos for the month of September, 2010, and compare them to August’s numbers to look for market trends.

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Joseph Ensor is a Texas real estate broker and the owner of Ensor & Co. Realtors. In addition to representing select clients, he works closely with each of his team members to help them build a successful career in selling Austin real estate. A graduate from Arizona State University with a degree in Finance, he enjoys helping his clients and his team members with the mathematical side of each transaction. With over 20 years of experience in real estate investing and sales, he understands the overall complexities involved in a real estate transaction. He uses his expertise to overcome challenging situations and his objective is to work diligently and intelligently toward a positive outcome for his team and for his clients.

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