Was working on some research this morning and thought I’d share this: The average sales price for downtown Austin condos for the trailing 12 months 7/20/12 was $451,435 which is a 28% increase. Part of that increase is from some high dollar closings at The Austonian and The W Austin…there were 5 closings between $2.3M – $2.75M. Highest price paid for a downtown Austin condo was a whopping $756.53/sf. Average prices have increased 53% since same period 2005. Austin condo realtors
