Study says downtown Austin can absorb planned condo units

A recent study by economist Ray Perryman states that Austin can absorb all the condos under construction and on the boards. The article cites 4,000 planned units. I show more than that in my records, however the article does not specify what they are excluding. Either way, the summary of the article is that approximately 40,000 NEW people are moving to Austin each year. If, on average, 800 new units are delivered per year then only 2% of NEW Austin residents each year have to decide to live downtown. That figure does not include existing Austin residents that may choose to move into a condo for any number of life changes.

Read the Business Journal article on Dr. Perryman’s study.

Current & Recent Listings

1402 Gorham

Recent construction in the Enclave at Gracywoods. Shopping and restaurants nearby at the Domain. Biking and hiking trails at Walnut Creek Park within walking distance.Date: Nov 21, 2011Number of Photos in Album: 29View Album

Pedernales Lofts 2401 E. 6th # 4066

Corner unit 1 bedroom loft overlooking downtown Austin. High ceilings, walls of windows, covered parking, communal garden and walking distance to commuter rail stop.Location: 2401 E. 6th St. # 4066 Austin, TX 78702Date: Jul 26, 2011Number of Photos in Album: 26View Album

5306 Halwill

Charming mid century modern home in Windsor Park. 3 beds, 2 baths, spacious kitchen and sunroom. Spacious backyard with detached garage and woodshop. Only 2 blocks to the shops at Mueller, restaurants and Bartholomew Park.Date: Jul 21, 2011Number of Photos in Album: 28View Album

Real Estate Headlines from the NY Times

Big Deal: Large Egos, Small Screen February 10, 2012

There is something emotionally charged about the buying and selling of New York high-end real estate. How else to explain the juggernaut of reality TV shows about high-end brokers?

By ALEXEI BARRIONUEVO

The Hunt: The Hunt - Trading a Mountain View for an Urban View February 10, 2012

After 30 years of marriage, Sharon and Michael Newman decided it was finally time to move from the Catskills to New York City.

By JOYCE COHEN

Living In | Kissena Park, Queens: Kissena Park, Queens/Living In - Flushing Has Its Very Own Time Capsule February 10, 2012

On blocks near Kissena Park streets are quiet, houses are small, and the electricity that charges the atmosphere in downtown Flushing is nowhere to be found.

By JAKE MOONEY

City Room: Big Ticket | Sold for $11,000,000 February 10, 2012

A five-story, seven-bedroom house in Brooklyn Heights has sweeping views of New York Harbor and the Manhattan skyline.

By MARC SANTORA

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