Condo Developments To Watch Out For In Downtown Austin
Posted by Mary Ann Castro on
Last week, we wrote a blog post about the record-breaking home sales in July and the current state of the market. One of the biggest reasons why the industry is so hot right now is the lack of available stock, so this week we’re bringing you some of the exciting new downtown real estate opportunities to keep an eye out for in the near future. These new developments will not only reshape the downtown skyline, they’re also going to be some of the most sought after listings in the real estate market upon their completion.
1) The Independent
This ultra-modern development is slated to become the tallest tower west of the Mississippi River once completed, not to mention one of the most unique. With it will come 370 new residences in a variety of…
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Austin's flourishing real estate market has done it again, and JB Goodwin REALTORS® have witnessed the breakthrough first-hand. After a record-breaking month of July, Austin has proven that its current status as one of the nation's most scorching markets is not going to change anytime soon. Though Austin's hot market has been a topic of discussion nation-wide for the past year or so, the city has long endured a marked imbalance as a result of its popularity as a real estate hub: trailing supply. While residential development in Austin has been high, it has been no match for the soaring levels of demand. However, Austin Board of REALTORS® president Barb Cooper has indicated that an increase in market equilibrium could be coming, stating that "home prices…
As a native San Antonian born and raised here, it’s still hard for me to get my mind around we are now the 7th largest city in the country.
The Texas Association of Realtors has just published their annual report on the Condominium sales statistics in the state of Texas, and the results are interesting for Austin. While other areas in the state experienced modest gains (3% gain in Dallas, 6% gain in San Antonio) or losses 1% loss in Houston) in terms of overall sales, Austin Condo Sales dropped by 12% when compared to the same time period last year. 