1 Bed vs 2 Bed Demand, Willie Nelson Mural

Written by me, your expert Downtown Austin real estate agent

Jacob’s Downtown Update 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! Was this email forwarded to you? If so, you can subscribe here. Jacob Hannusch (512) 718-1600 Jacob@JacobInAustin.com MODUS Real Estate Real Estate Agent Specializing in Downtown Austin TREC Consumer Protection Notice  |  Information About Brokerage Services View email in browser Jacob in Austin · 1529 Barton Springs Rd #32 · Austin, TX 78704 · USA update your preferences or unsubscribe