The Carvajal Group Blog

Sales of downtown condos rose in 2010

January 27th, 2011

Since 2009, the sale of condos in downtown Austin has risen by 50 percent, while prices remainded almost identical to 2009 rates.

More than 2,000 new condo units have been built in downtown over the past ten years. Some experts predicted that the condo market in Austin would take a strong hit in response to the nation-wide real estate downturn, but the pattern of growth demonstrated in 2010 suggests that this is not the case.

However, the growth in condo sales is not reflected in the rate of single-family home sales, which dropped by five percent over the last year.

If you are searching for an Austin condo, contact the Carvajal Group at 512-419-7770 to speak with an Austin real estate agent.

Tags: Austin condos · Austin Real Estate