I created a list of properties for sale in various zip codes for review purposes.
Since 1/01/2006 there are approximately 167 transactions that sold through today, and the listing were on the market an average 65 days. Of the transactions that are sold or pending, there were a total of $54,193,027 in sales revenue for 208,733 square feet or approximately $260 PSF. The largest transaction was an approx. $1.2 million transaction at the Westgate Condominium for $331/SF. The smallest transaction was $95,000 for 608 SF at the Greenwood Towers at 1800 Lavaca.
Analysis of Sold Data 1/1/2006 to 2/26/2007
Avenue Lofts - 10 transactions - $295 per square foot
Five Fifty Five Condominium (Hilton Hotel & Condominiums) - 6 transactions - $426 per square foot
Milago Condominium - 15 Transactions - $350 per square foot
Plaza Lofts - 15 transactions - $350 per square foot
Railyard - 21 Transactions - $234 per square foot
Towers of Town Lake - 27 Transactions - $180 per square foot
Villas on Town Lake - 6 Transactions - $198 per square foot
Brazos Lofts - 9 Transactions - $280 per square foot
Brown Building - 9 Transactions - $329 per square foot
Posada Del Rey - 3 Transactions - $244 per square foot
Penthouse Condominiums - 4 Transactions - $216 per square foot
Greenwood Towers - 9 Transactions - $172 per square foot
Cambridge Condominiums - 18 Transactions - $225 per square foot
Gables - 3 Transactions - $176 per square foot
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