Jacob’s Downtown Update

Data Dive

360 Condos are currently selling at a discount due to degradation of the exterior patios of the building. With construction expected to continue through next summer, some sellers want to be out. For those who can weather the storm, will be rewarded. Look at active 360 Condos listings. Here’s a graph showing pricing relative to other comparable buildings in this corner of downtown.

Downtown Market Biweekly Snapshot (Last Update)

193 Total Active Listings

21 New Listings (20) +5%

26 Pending (13) +100%

10 Closed (8) +25%

*demand picked up and supply remained level

Stay in the Loop

• Pecan Street Festival - 6th Street (previously named Pecan Street) has a free two-day arts festival held twice a year. The spring festival is this weekend, May 4th & 5th.

  
  

• Vesper Condos are Complete - There are units still for sale & investor permits are still left!! They allow 30+ day rentals which is not common for new downtown high rises. Reach out to learn more.

  
  

• Duncan Park has Opened - Located along Shoal Creek between 9th and 10th St. Did you know it’s right next to a dirt BMX park?

  
  

A Recent Snapshot

IG saw it first

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

Jacob Hannusch

(512) 718-1600

Jacob@JacobInAustin.com

Real Estate Agent Specializing in Downtown Austin