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Condominiums and Townhouses Market Update - Austin-area December 2015

By
Real Estate Broker/Owner with Potranco Realty 492107

Condominiums and Townhouses Market Update for Austin-area December 2015.

 

Austin Multiple Service indicates condominiums and townhouses sold for December 2015 was 230 properties.

 

The median price for condos was $250,000 which is 8% more from December 2014. Properties spent an average 46 days on the market, 10 less than the previous year.

 

However Condos dipped in 2015 by 3% from the year prior with 3,057 condo sales; with a median sales price for condos $227,700 a 6% increase from 2014 with an average 43 days on market in 2014.

 

Austin-area Condominiums and Townhouses make an affordable alternative to purchasing a single-family home.


When it comes to buying or selling a condominium or townhouse in Austin-area contact your real estate condo king Bob Ratliff, REALTOR® 512-587-5689.

Information is deemed reliable, but not guaranteed all rights reserved

Conrad Allen
Re/Max Professional Associates - Webster, MA
Webster, Ma, Realtor

Hi Bob.  Your days on market shows how this is real seller's market.

Jan 28, 2016 08:02 PM
Potranco Realty
Potranco Realty - San Antonio, TX
"Sold with Potranco Realty"

Yes sir, I'm not only seeing condo and townhouses going under contract quick but home are really going fast when priced right.

Jan 28, 2016 08:04 PM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Good morning Bob Ratliff, Broker Associate - REALTOR® CRS, GRI ~ 512-587-5689 ,

It is amazing how quickly homes are going under contract..we are off to a great start first quarter of 2016 in Austin!!

Jan 28, 2016 08:31 PM
Potranco Realty
Potranco Realty - San Antonio, TX
"Sold with Potranco Realty"

Very true Dorie Dillard we're lucky to be real estate agents in Austin-area.

Jan 28, 2016 08:35 PM
Tamara Elliott-Deering
Central Metro Realty - Austin, TX

Bob, great info on the condo market, I haven't been following it too closely but I did notice that several of the detached properties in the renovated East Austin Market are being sold as condos. Probably has something to do with land use regulations. Thanks for the post, it was fun meeting you yesterday.

Jan 28, 2016 10:13 PM
Potranco Realty
Potranco Realty - San Antonio, TX
"Sold with Potranco Realty"

Good morning Tamara Elliott-Deering it was great meeting you yesterday.

We have several communities on Lake Travis that are listed as condos when in reality they look like single family homes other than being attached by one side like duplex, its nice the owners don't have the exterior maintenance.

Jan 28, 2016 10:49 PM
Amanda S. Davidson
Amanda Davidson Real Estate Group Brokered By Real - Alexandria, VA
Alexandria Virginia Homes For Sale

Bob, I really like your map, it makes your post stand out even more. Great information on condos and townhomes in Austin, looks like you're setting up for another hot market this year!

Jan 28, 2016 11:04 PM
Potranco Realty
Potranco Realty - San Antonio, TX
"Sold with Potranco Realty"

Thank you Amanda S. Davidson yes keep up with the Virginia condo market.

Jan 29, 2016 12:41 AM
Belinda Spillman
Aspen Lane Real Estate Colorful Colorado - Aurora, CO
Colorado Living!

This is a great update for the townhome and condo market in Austin.

Jan 29, 2016 01:43 AM
Potranco Realty
Potranco Realty - San Antonio, TX
"Sold with Potranco Realty"

Thank you Belinda Spillman was your ears burning yesterday.... we had our meet up and I might have brought up your name as a great referral in Colorado.

Jan 29, 2016 02:37 AM
Robert Bob Gilbert
Berkshire Hathaway HomeServices Anderson Properties - Katy, TX
Your Katy TX ( West of Houston) Real Estate Expert

Bob, Excellent Condominiums & townhouses market Update -Austin December 2015. Buyer or sellers of either should contact you for assistance.  

Jan 29, 2016 04:41 AM
Potranco Realty
Potranco Realty - San Antonio, TX
"Sold with Potranco Realty"

Thank you Robert (Bob) Gilbert always appreciate your comments.

Jan 29, 2016 04:44 AM
Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

Hi Bob, well done Austin condos and town homes market report. I keep hearing about how Austin is a boom town and so desirable.

Jan 29, 2016 05:51 AM