Comments on: Austin Sales Market – June 2008 and Mid-Year Stats Update

By: Steve Crossland

Steve Crossland — Fri, 25 Jul 2008 20:05:44 +0000

Dave got it right. 10 years ago, condos were not the same product they are today.
Steve

By: Dave

Dave — Fri, 25 Jul 2008 19:25:30 +0000

Bret, I think that this could be a reflection of the construction of newer higher quality condo’s that are skewing the numbers upward as they resell…I am not too familiar with the downtown Austin market, but I imagine if it is like many other metro areas, there could have been a lot of high end condos and lofts that came on line over the last decade (maybe even in the 300-800k range). This would really drive the average sales price upwards and not necessarily reflect appreciation of an individual condo unit. -Dave

By: Bret

Bret — Thu, 17 Jul 2008 18:10:55 +0000

I just noticed in your graph over the past 10 years how the average prices of condos has almost doubled over from 115k to 212k.

By: Steve Crossland

Steve Crossland — Mon, 14 Jul 2008 21:02:45 +0000

yep, a slight typo. Thanks. Should have been 10,335 and I fixed it.
Steve

By: Michael @ The Stage Coach

Michael @ The Stage Coach — Mon, 14 Jul 2008 19:49:28 +0000

Is this a typo?
10,698 = Total Single Family Homes listed (19,335 last month)
Michael