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 | austintowers.net

February 28, 2010 21:22 Filed in: 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.

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3 comments:

  1. AnonymousMarch 6, 2010 at 7:50 AM

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

    ReplyDelete
  2. Mr. BubbleMarch 6, 2010 at 8:57 AM

    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.

    ReplyDelete
  3. Downtown Austin CondosJuly 28, 2010 at 10:11 PM

    Hi

    After reading your post, I think that is a fresh news for everyone. Really it's a interesting post. I am also interested in latest news.

    ReplyDelete

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