Texas condo, townhome sales top $5.4 billionTexas condo, townhome sales top $5.4 billionhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=179962017-10-06T05:00:00Z2017-10-06T16:00:00Z

​​​​AUSTIN – Texas condominium and townhome sales exceeded $5.4 billion and posted strong sales gains between August 2016 and July 2017, according to the Texas Condominium Sales Report released by the Texas Association of Realtors.

Condos and townhome sales were around $3.3 billion and $2.1 billion, respectively. Texas condo sales increased 8.6 percent to 14,656 sales from August 2016 to July 2017. Townhome sales increased 5.1 percent to 8,134 sales in the same time frame. Condos and townhomes were one of the fastest-growing segments of the state's 2017 housing market.

Sales prices also increased for condos and townhomes throughout 2016 and into 2017. Statewide, the year-to-date median sales price as of July 2017 was $179,900 for condos and $226,675 for townhomes. That's an annual increase of 9 percent and 8.5 percent, respectively. The average price-per-sf during this time frame was $178 for condos and $136 for townhomes.

Texas Association of REALTORS
http://apps.texasrealestate.com/public/press-releases/20171006.cfmRead more at {Source}

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