Data Dive

I was recently asked if it made sense to purchase the 2 bedroom over the 1 bedroom since they have the budget for both. I typically respond with 2 bedrooms are generally more desirable and easier to resale. In the current market, this holds true: 1 bedrooms stay on market at a median rate of 91 days compared to the 2 bedrooms at 61 days. This is based on 2024 closed data in downtown.

Downtown Market Biweekly Snapshot (Last Update: 10/29/2024)

189 Total Active Listings (198) -5%

14 New Listings (18) -22%

15 Pending (11) +27%

4 Closed (4) +0%

*decrease in supply and increase in demand

Stay in the Loop

• The Kitchen by Kimbal Musk opens - new restaurant on the ground floor of 6G had a launch party last week with plans for a public opening on Nov 14th

• Old Trifecta opens as Remedy - neighborhood corner bar at the base of 360 Condos opens up. Trivia, open mic nights, wine tasting, and more coming soon!

• Popular Willie Nelson mural to be demolished soon - historic building near Red River district that was damaged by fire in February has decided to be demoed. Future plans unknown

  
  

A Recent Snapshot

Window washing crew rappelling down the Independent

Reply to this email or give me a call to discuss more about downtown!

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Jacob Hannusch

(512) 718-1600

Jacob@JacobInAustin.com

MODUS Real Estate

Real Estate Agent Specializing in Downtown Austin