Austin Business Journal
Date: Monday, May 9, 2011, 10:50am CDT
Austin downtown condominium resales increased from $4.4 million last April to $10.2 million the same time this year, while the average price per foot sold was stable month to month, according to multiple listing data reported on The Downtown Austin Blog.
From March to April, the sold price per square foot barely increased to about $333 from $326, the blog said. This is up from about $274 per square foot in April 2010. A total 20 properties were sold last month, up from 15 the same time last year.
Total resales were also up month to month, rising to about $10.2 million in 20 transactions from $5.8 million in 14 deals in March.
Of the new development properties included in the report, the following closed deals in April:
- Four Seasons Residences, six
- Austonian, six
- Spring Condos, seven
- W Austin Hotel and Residences, six
To read the entire blog, click here.