Austin condo prices still rising

​​​​​AUSTIN – According to The Hardeman Report, prices for three-bedroom condominiums dropped despite the increase in prices for one- and two-bedroom units. 

Prices for three-bedroom units downtown dropped an average of 31.5 percent compared with​ this time last year. The average cost per sf fell ​​to $463 from $734.

The average price for a one-bedroom unit rose to $470 from $421 per sf, while the average price for a two-bedroom unit rose to $529 per sf, compared with $463 per sf last year. 

The most expensive one-, two- and three-bedroom units sold during the third quarter were all in the W Hotel & Residences high-rise​ at 200 Lavaca St. A three-bedroom unit sold for $4.8 million ($1,258 per sf), a two-bedroom unit sold for $955,000 ($671 per sf) and a one-bedroom unit sold for $825,000 ($779 per sf).

The Hardeman Report also shows the least expensive condominiums sold.

The least expensive three-bedroom unit sold at The Shore at 603 Davis St. for $830,000 ($516 per sf). The least expensive two-bedroom unit sold at Nokonah at 901 W. Ninth St. for $319,500 ($342 per sf). The least expensive one-bedroom unit sold at Greenwood Towers at 1800 Lavaca St. for $119,900 ($243 per sf).