Zilker Kite Festival

Posted on March 8, 2011 by Doreen Zelma, REALTOR

The Zilker Park Kite Festival celebrated its 83^rd year Sunday with little wind, but plenty of fun. The South Austin event has the honor of being the longest continuous kite festival in the United States. Thousands turned out for a beautiful day at the park, which proves to be yet another reminder of the wonderful city we live in.

Let’s take a look at the Zilker Park area real estate market, for those who live close enough to walk or bike to the park.

Local Austin Market Data

There are 82 houses actively for sale within a 1.5 mile radius of Zilker Park, which includes part of 4 different market areas. All of the homes are in the City of Austin, with the exception of one which is in the City of Westlake Hills. List prices range from $225,000 to $8.9 million. The median time these homes have been on the market is 52 days and the median price is $537,400.

The same 1.5 mile radius has 114 condominiums actively available for purchase. That number includes everything designated as a condo, whether it a duplex style, or tower like Spring Condominiums. Active list prices here range anywhere from $124,900 to $4.9 million. The median time on the market for a condo in the 1.5 mile radius surrounding Zilker Park is currently 59 days.

Zilker Park is located at 2100 Barton Springs Road and encompasses 351 acres.

Downtown Condo Market

Posted on December 13, 2010 by Doreen Zelma, REALTOR

Some are old, some are bold, others are modest and brand new – there is an Austin downtown condo available to suit everyone looking to live an urban greener lifestyle. Let’s take a peak at the inventory and how well it’s doing…..

Downtown Condos by the Numbers

Based on current 90 day data, there have been 171 condominiums that are available for actively available for purchase, have an accepted offer and are pending, or have closed in downtown, Austin.

Downtown Condominium Inventory breakdown:

107 units are Active

34 units are Pending

30 units have Sold

The median time on the market for a downtown Austin condo is 94 days.

Downtown Condos by Price and Size

Active units currently range in price from $109,900 to just over $5 million. The median list price is currently $325,000. Downtown condominiums currently available for purchase range in size from 494 square feet (per tax record) to 7,113(per agent). The median size of a unit available for purchase is currently 1,219 square feet with 2 bedrooms and 2 baths.

Just as there are many factors that make up the market price of a house, there are many things that factor into the price of a condo. Building amenities, floor height, views, and interior finishes all factor into the price of a condo. You have heard the saying in real estate “location, location, location”, and condominiums are no different. The locations of the buildings within downtown, and the location of the unit within the building, are also factors that will ultimately affect the list price.

Remember: Buyers are not just purchasing a unit in a hi-rise, they are buying convenience. Is Near Town Lake? the Warehouse District? the office? Convenience is defined by the Buyer.

Showing property with a Dash of History, for Good Measure

Posted on April 6, 2010 by Doreen Zelma, REALTOR

For starters, I would just like to thank you for referring me to your friends, family and co-workers. My business is based on you, and I am very blessed to have your continued support.

Last week, I was in Round Rock and then, moved on to Downtown, Austin to view some condominiums. If you haven’t been to the historical district of Round Rock, it is quite charming. Downtown, I went to the Brown Building and the Nokonah. Located on W 9th Street, the Nokonah is in the heart of Duncan Park and within walking distance to Whole Foods, restaurants and shops.

Built in 1940, the Brown Building, on Colorado Street holds a historical designation, which gives owners an additional tax exemption. The building was originally utilized as office space, some of which was occupied by politicians, including former President Lyndon B. Johnson. In 1998, The Brown Building was converted to loft style condominiums. The Brown Bar and Gumbos restaurant are on the first floor, for your dining pleasure. Here’s a peak

Reminder: we must be under contract by April 30th in order to qualify for the tax credit.

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

Contact me for real estate needs by:

Phone: 201-286-2504

Email: [email protected]

Spring Condominiums offer multiple views

Posted on January 11, 2010 by Doreen Zelma, REALTOR

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.