Austin Real Estate Scene

The Austin American Statesman ran a front page story today on Downtown austin living. Everyday I'm getting calls and emails from people wanting to know about living downtown and how much is going to cost. We'll so far it's been expensive to move downtown but that's about to change as more developments are going start soon with better prices. But they will go fast! Here's the story  

"As urban Austin continues to become more exciting, it fuels its own increased demand," said Larry Warshaw, a co-developer of several loft and condo projects in the downtown area. "The strongest driver for downtown is downtown itself. The more residential that comes, the more residents who want to come."

About 5,400 people now live in downtown Austin, about one-third of them in seven new condominium and apartment projects built in the past five years.

There are at least 16 more residential projects in the pipeline, which are expected to add about 7,400 more residents to downtown, bringing the city closer to Mayor Will Wynn's goal of having 25,000 people living there within 10 years.

Looking for more affordable upscale condos? Read this article!