Austin condo prices still risingAustin condo prices still risinghttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=108752015-10-20T05:00:00Z2015-10-20T17:00:00Z

​​​​​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).

Austin Business Journal
Austin-Round Rock
http://www.bizjournals.com/austin/blog/real-estate/2015/10/even-as-prices-jump-one-high-rise-dominates-austin.html?ana=e_du_pub&s=article_du&ed=2015-10-19&u=yG2E0oPJdYiGi7lZ36mOd56qtUl&t=1445352706Read more at {Source}

 Search NewsTalk Texas