Market Dive, Donn’s Depot, & Off-Markets

Sep 16

Downtown Austin Newsletter

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JACOB IN AUSTIN’S DOWNTOWN UPDATE

IN THIS ISSUE
Market Dive, Donn’s Depot, & Off-Markets

DATA DIVE

Downtown listings are telling a clear story:

Active: 104 days on market at $809/SF
Failed: 125 days on market at $837/SF
Closed: 83 days on market at $670/SF (41 days when sold at/above list)

Notably, 60 of 68 sales over the past three months closed below list at 91% of original asking.
It’s a reminder that well-positioned units create urgency, while overpricing leads to slower absorption.

Read my full article here.

My thoughts: new units and total supply slow as we enter fall. Demand has picked up

New Listings | All Active Listings

STAY IN THE LOOP

City Council greenlights two key redevelopment sites - The 6.5-acre Ego’s property south of the river is now approved as a planned unit development, and the former Waterloo Records site downtown is moving forward with redevelopment plans.
Why Donn’s Depot is still my favorite Austin bar - Read up on this charming old train depot turned piano bar. A timeless spot that still stands strong while the rest of Austin changes.
Expect a pause in high-rise construction downtown - there are no new residential projects breaking ground soon. There are ~260 new units unsold between the Modern, Vesper, and Linden towers

SHARING A MOMENT

Can you spot Barton Springs from this 4 bedroom 360 Condo listing?

OFF MARKET LISTINGS

70 Rainey #2208

2 Bed | 1,434 SF | NW Corner

Coming Soon (old listing linked)

The Shore #902

2 Bed | 1,597 SF | DT Views

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!