Archive for July, 2012

19 July

Downtown Austin Condos Prices 28% Higher

Posted by Tom Bates

 

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

 
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10 July

Austin Real Estate Market in Serious Rebound Mode

Posted by Tom Bates

 

Here are some market stats pulled from Austin Title (thanks Leslie):
Units for Sale: (compared to the same week in 2011)

For July 1, 2012 – July 7, 2012
New Austin listings are up this week 15.74%.
Pending Austin listings are up this week 17.03%
Sold Austin listings are up 37.66%

As for Average Austin Prices: (compared to the same week in 2011)
For July 1, 2012 – July 7, 2012
Sold average sales prices increased 32.49% from $253,367 in 2011 to $335,682 today!

Current Austin pendings are up 23.19% compared to 2011. As of today, we have 4,186 pendings with an average list price of $267,725. Last year we had 3,398 pendings with and average list price of $257,855.

 
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05 July

Buyers Need Buildable Lots & Austin Development Land

Posted by Tom Bates

 

If you have a lot or a tear down anywhere in the Austin area, please call me. We have multiple builders, developers and buyers looking for Austin area lots to build custom homes and commercial projects on. I also have an apartment developer looking for locations to build several apartment complexes from Austin to Bastrop. Let me know if you have something that’s worth looking at. Tom Bates 512-413-0870

 
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