Sunday, February 28, 2010

$228 sq ft for NEW Condo's Downtown Austin!

Do you sellers currently in the MLS at $400 sq ft hear that?

-Mr. Bubble

Sabine Auction Results! | News |

Today, more than 200 registered bidders showed up to compete for 31 units in the much anticipated Sabine auction. In the end, 29 of 31 units sold for an average 30.5% discount with a final price per square foot of $228. With strong demand, the developer added four units into the auction: three just days before the sale and the fourth unit during the auction.

More via the link above...

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  1. This isn't new, its a converted early 1980's office building with lawsuits, noise issues, and extremely high HOAs.

  2. I agree the building isn't, but in true loft style, an old building was gutted and new condos were built inside. Not a direct comp, but it is certainly an interesting one.

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