Booming Downtown Austin condo market maturing | Booming Downtown Austin condo market maturing | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=5998 | 2015-08-31T05:00:00Z | 2015-09-01T14:00:00Z | AUSTIN - Nearly 2,500 condo units have been added to the downtown
market since 2000, with more than 1,200 units currently under
construction or in the planning stage. Downtown condo sales have increased 10 percent every year since 2010, said Austin real estate broker Kevin Burns. The
ongoing demand and increased competition — which includes a number of
high-rise projects — has led to a maturing of the market, industry
experts say, with residential projects being designed more thoughtfully
and endowed with more with amenities and services. Burns said 270
downtown condos were sold in the past 12 months through the Multiple
Listing Service, the Austin Board of Realtors’ listings database. The
average price of the 83 units currently for sale in the MLS is $918,300. Projects
in the planning pipeline include the 370-unit Independent high rise; 70
Rainey (150 units); Waller Park Place (200 units); and Proper (94
units). Residential population | About 12,000 | Apartment units built since 2000 | 4,353 | Condo units built since 2000 | 2,479 | Apartment units currently under construction | 1,183 | Condo units under construction | 442 | Apartment units in planning pipeline | About 1,075 | Condo units in planning pipeline | About 725 |
Sources: Like pictures and data? Don't miss Aug. 2015 City of Austin Emerging Projects. You'll be glad you clicked! Also see Downtown Austin Alliance.
| Austin American-Statesman
| Austin-Round Rock
| Housing
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