We have received numerous inquiries recently about how downtown Austin condos have been selling this summer, so we decided to start keeping track of the recent sales, and providing those statistics to our readers.  Here are the recent sales stats for Downtown Austin condos for the month of August, 2010:

Property Type: Residential Status: Sold Number of Properties: 16
  Beds Baths SqFt Listing Price LP/SqFt Selling Price SP/SqFt SP/LP SP/OLP DOM
High 3 2 2,487 $1,250,000 $502.61 $1,125,000 $452.35 100% 100% 286
Low 1 1 608 $99,900 $164.31 $95,000 $156.25 88.2% 90% 9
Average 1 1 1,056 $350,269 $313.07 $330,088 $297.65 94.89% 94.82% 57
Median 1 1 908 $282,450 $308.18 $278,450 $298.64 95.2% 94.25% 44

 

As you can see, the median price per square foot for downtown Austin condos was at $298.64 for the month of August, 2010.  Units stayed on the market for about 44 days, and there were 16 condos that sold for the month.

Next month, we will take another look at the Downtown Austin condos for the month of September, 2010, and compare them to August’s numbers to look for market trends.

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