Regent Property Group Reports Austin Condos on the Rise in Height and Sales, as Demand for Austin Luxury Homes and Condos Increases
Downtown Austin condo sales totaled $30.5 million in the first quarter, with the averages sales price close to $1 million, as Austin luxury homes across sectors pick up speed.
Austin, TX (PRWEB) May 30, 2012
Austin isn´t just growing out as the population increases, it´s quickly growing up, reports Regent Property Group. Luxury high rises in Downtown Austin have seen a quick jump in volume as the area, a major hub of the city for both work and play, has become a desirable home to new and resident Austinites wanting to live in the center of it all.
Regent Property Group founder Brian Talley reported that the sale of downtown condominiums has expanded rapidly in recent months, echoing a report by the Austin American Statesman that condo sales rose in March, nearly doubling numbers from the month before and almost tripling since January. “Downtown has always been popular, but now it´s being reinvigorated with eclectic housing options, like the new high rises and the new community planned at the old Seaholm Power Plant,” Talley said. “Stores catering to neighborhoods are also growing in number, like the Trader Joe´s slated to open in Austin in the next year, and that´s a clear sign of increased domestic life in the area.”
Downtown Austin condominiums cater to those seeking a unique Austin luxury home that is convenient to both the office and the after-work adult playgrounds of Sixth Street and other popular districts, as well as those looking for a second home to stay in for fun weekends or late working weeknights.
Condos downtown can come with a hefty price tag per square foot, but are inexpensive compared to real estate in California, where many new transplants have moved to Austin from, as technology jobs have continued to grow in town. A report from Capitol Market Research shows that the Four Seasons Residences, the Austonian, the W Residences and the Spring condominiums sold 17 condos in March, nine in February and six in January. The report stated that the average sale price of the 32 condo sales made in the first quarter is $952,800, totaling a value of $30.5 million.
About Regent Property Group:“¯
Brian Talley is the founder and owner of Regent Property Group. He is a 5th generation Texan who has been active in Austin real estate since 1998. During 2011, Brian was the #11 top selling agent for total dollar volume sold out of over 5,000 REALTORS® in the greater Austin area. During 2008, 2009, 2010, and 2011 Brian was a top producer, closing multi-million dollars’ worth of residential Austin real estate purchase and sales transactions for homes located all over the greater Austin area, such as Lake Austin, Eanes ISD, Westlake, downtown, and more. He formed Regent Property Group to serve the needs of Austin´s residential real estate clients, helping people buy and sell luxury homes in the greater Austin area. Contact Regent Property Group today at 512-554-9714.
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