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Livestrong Austin Marathon

February 25th, 2011

All eyes were on Austin this weekend as 20,000 runners from all over the world came to participate in the 20th anniversary of the Livestrong Austin Marathon. The event is one of the largest in the country and pacers were available to qualify for the Boston Marathon which is set at 3 hours and 30 minutes. It’s a wonderful event and reminder of the health conscious city we live in.
The 26.2 mile course included historic and scenic areas of Austin like Congress Avenue, Hyde Park and the UT Campus.

Let’s take a look at the housing market along the route:

Austin Real Estate Market Data

Downtown
There are currently 3 houses and 100 condos for sale in downtown Austin. The houses range in price from $585,000 to $2.8 million. The active condos available for purchase range from $105,000 to $5.3 million.

University of Texas
In the UT area, buyers will currently find 20 houses and 120 condos actively on the market for purchase. The houses range from $230,000 to $1.35 million. Condos in the University of Texas area are currently listed between $79,900 and $459,000.

Central Austin
Central Austin (north and south of Lady Bird Lake), encompasses a few different market areas and is the largest covered in this article. There are currently 162 condos for sale in central Austin ranging from $44,500 to $1.1 million. There are 374 houses for sale ranging from $119,000 to $8.9 million.

Categories Buying a home, Downtown Condos, Events, Selling a home
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Downtown Condo Market

by Doreen Zelma

December 13th, 2010

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.

Categories Buying a home, Downtown Condos, Selling a home
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Austin Market Spotlights

by Doreen Zelma

October 22nd, 2010

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

Categories Buying a home, Downtown Condos, Selling a home
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From the Hill Country to Downtown 360 Condominiums

by Doreen Zelma

January 14th, 2010

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.

Categories Buying a home, Downtown Condos
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