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: ResidentialStatus: SoldNumber of Properties: 16
 BedsBathsSqFtListing PriceLP/SqFtSelling PriceSP/SqFtSP/LPSP/OLPDOM
High322,487$1,250,000$502.61$1,125,000$452.35100%100%286
Low11608$99,900$164.31$95,000$156.2588.2%90%9
Average111,056$350,269$313.07$330,088$297.6594.89%94.82%57
Median11908$282,450$308.18$278,450$298.6495.2%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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