Category Archives: Downtown Condos

Austin Market Spotlights

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I have selected some random subdivisions, zip codes in Austin and cities surrounding it, to provide some current real estate market data.  If there is an area or neighborhood you would like spotlighted -please let me know.

Overall, the Austin market is strong.  Areas averaging 3 months or less are considered to be seller’s markets.  Four to six months are considered neutral markets.  Six months or more time on the market is considered to be buyer’s markets.  The exceptions to this are:   luxury properties over $800,000, because there are less buyers and new construction where the projects are actively marketed before or during building.

Austin Condominiums

78704 Condos

Number of Active Condos on the Market:  113

Average Days on Market:  138

(new construction projects make the average days high)

Median Home Price:  $ 275,000

Downtown Condos

Number of Active Condos on the Market:  151

Average Days on Market:  127

Median Home Price:  $ 349,500

Austin Single Family Homes

Circle C Ranch

Number of Active Homes on the Market:  33

Average Days on Market:  67

Median Home Price:  $ 314,900

Travis Heights

Number of Active Homes on the Market:  15

Average Days on Market:  115

Median Home Price:   $ 499,000

City of West Lake Hills

Number of Active Houses on the Market:  29

Average Days on Market:  136

Median Home Price:    $1,220,000

Shady Hollow

Number of Active Houses on the Market:  26

Average Days on Market:  108

Median Home Price:    $284,450

Cat Mountain

Number of Active Houses on the Market:  21

Average Days on Market:  134

Median Home Price:    $520,000

Barton Creek West

Number of Active Houses on the Market:  8

Average Days on Market:  58

Median Home Price:    $562,363

From the Hill Country to Downtown 360 Condominiums

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I went down to Dripping Springs to tour some homes in the $400’s and went further North to Westlake to see at newly built home for $1.3 million, which does come with boat dock rights. In between Dripping and Westlake, was a stop Downtown to the 360 Condominiums

It’s always interesting for me to tour a development after I have seen models and artist renditions of what’s to come. I have to say 360 delivers and then some. From the pool, to the club room, to the theater room (just bring your DVD) – the building’s amenities and units are impressive.

Prices vary with floor levels and finish outs. If you know anyone who is interested, please have them call me.

About Condominium Regimes

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Austin, TX…The MLS has changed the way it labels single detached homes that are in some sort of condominium regime. The new ownership type includes the word ‘common’ or ‘fee-simple’ after the word ‘house’. These ‘houses’ were once labeled ‘Condo Detached’.

Common is defined as condos or houses where ownership of some or all of the land is shared between the owners.

Fee Simple is defined as properties that the land is owned individually such as a single family house, or townhomes on separate lots, or 1/2 duplexes where the land has been sub-divided.

Again, because these ‘condos’ are now labeled ‘houses’, you may see some come up in your house search, and will typically mean that they have some sort of common area.

I support local Austin; after all I think it’s only neighborly.

Property Tour and Downtown projects

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There’s nothing like cramming into an elevator or taking flights of stairs or walking around on cement that has been baking for hours with 90 other agents.

I went to get an update on the W, The Austonian and the Four Seasons, as well as taking a peak at some units that are somewhat cumbersome to see without a tour.  

The Four Seasons Residences are 50% pre-sold, in fact buyers now have the opportunity to pick finishes, so if you know anyone who is interested, let me know.  The units are priced between $450k and $3.5 million.  The HOA is .62 cents a sq foot, which includes a staff dedicated to the residents. That means room service, or having Fluffy walked for you at 2am – is only a phone call away.

I support local Austin; after all I think it’s only neighborly. Need a house?

Spring Condominiums offer multiple views

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What condo tower in Austin, gives you multiple views in every unit?  Its Spring Condominiums. 

What do I like about Spring?  It is a 100% owner occupied building.  80% are primary residences, 20% are secondary.  The HOA is .38 cents a sq. ft, which is one of the lowest for Downtown living.  It has guest suites, so you don’t have to worry about where to keep your relatives.

Want more fun facts?  Only the exterior walls of the units are load bearing.  So, if you want to move an interior wall, or take one out – you can.  It also has gas cooking.  The big thing for me was the view…the layout of the units offers multiple views from each unit.  Typically, you have to choose a Downtown, or UT tower or lake view.  Most of these units had 2 or 3 unique views in each unit, so you don’t have to choose.

I support local Austin; after all I think it’s only neighborly.