If you have been reading this blog for awhile you probably know that The downtown Austin area has just begun the boom. The 5,400 Austinites currently living Downtown represent a 50% increase over just five years ago.
There are currently 240 new living units under construction Downtown, with 2,800 more coming soon.
We could easily have 10,000 people living in Downtown Austin in 5 years, and 25,000 in 10 years! (This last is a stated goal of Mayor Wynn's.) The price points for a good condos downtown are still over $300,000. But with the new projects under way there will be inventory under $300,000 but it remains to see how nice they are going to be.
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