Year Over Year Values, Microburst, & Off-Markets

Jun 10

Downtown Austin Newsletter

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JACOB IN AUSTIN’S DOWNTOWN UPDATE

IN THIS ISSUE
Year over year values, microburst, & off-markets

DATA DIVE

A big issue with the downtown market right now is over priced listings. A conversation recently where they said they’ve been seeing values drop 30%. This was specific to a particular listing that was significantly over priced to start. Right now, on average, condos are closing at 7% below their original list price. We are down ~1% year over year in closed values.

my thoughts - New supply increases while demand slows

New Listings | All Active Listings

STAY IN THE LOOP

Austin continuing with Project Connect - despite some legislative efforts that could have hindered the buildout, Austin’s light rail system is moving forward on schedule.
Check in on the Convention Center demo (video) - six city blocks of the previous convention center continues making progress towards its 2029 spring opening.
Austin seeking public input for lighting plans - have an opinion on some improvements in lighting downtown to improve safety, security, mobility, quality of life, equity, and environmental sustainability?

SHARING A MOMENT

After the wild microburst on May 28th

OFF MARKET LISTINGS

70 Rainey #2302

West Facing | 2 Bed + study | 1,321 SF

Independent #4207

SW Corner | 2 Bed | 1,408 SF

Reach out if you’re looking for something specific, plenty of off market opportunities to be found! If you’re not sure what you’re looking for, let’s chat and narrow in your exact floor plan and building.

Specializing in Austin's premier high-rise condo market, I take a data-driven, proactive approach using a suite of resources and insights I’ve developed. I help clients discover their ideal fit — often sourcing off-market opportunities — and deliver tailored representation for buying, selling, or leasing downtown’s finest spaces.

Let’s work together!