Jacob’s Downtown Update

Data Dive

Ever wonder what to expect what it comes to how much your HOA will go up each year? Over the past 5 years, downtown as a whole, saw a yearly increase of 4.12% (+4.68% yearly over 10 years). I track this for each building individually. The Austonian can expect to see roughly 2.88% increase each year. Reply to this email with a building of interest!

Downtown Market Biweekly Snapshot (Last Update)

215 Total Active Listings (210) +2%

19 New Listings (16) +16%

3 Pending (7) -57%

4 Closed (7) -43%

*new supply increases while demand softens

Stay in the Loop

• The Kitchen by Kimbal Musk comes to downtown this fall - Elon’s brother is opening a neighborhood bistro with American cuisine fused with international flavor on the retail level of Sixth & Guadalupe. The space will be designed by local, Michael Hsu.

• Will “X” make it’s new headquarters in downtown Austin? - More Musk news, Elon announced on X that he will be moving his headquarters to Austin. Plenty of brand new office space on the market.

• All the news this week as I am on a camping/backpacking trip through the Pacific Northwest

  
  

A Recent Snapshot

Night showing at an off market listing in 70 Rainey

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

Jacob Hannusch

(512) 718-1600

Jacob@JacobInAustin.com

MODUS Real Estate

Real Estate Agent Specializing in Downtown Austin