Full Year 2021 Market Update - East Austin Entertainment District - LOFTS
A total of 98 Modern Lofts and Condos were sold in 2021 in the East Central Austin area compared to only 52 units sold in 2020. There’s still a very high buyer demand for homes in East Austin and prices are reflecting that trend!
Taking a closer look YTD Q4 sales in 2021, the Tyndall has the most sales with 42 units selling in Q4, an average sold price of $575,376 (97% of asking prices) and 60 Days on Market (new units). The highest price paid was $1,306,550 for a 2,114 sqft, 3 bedroom, 3 bath Penthouse Collection unit on the 6th floor with panoramic views and the lowest priced unit was a 575 sqft, 1 bedroom, 1 bath unit.
Other neighborhood buildings with the highest number of sales so far this year were Fourth & – 17 units, The Santa Rosa and Pedernales Lofts – 8 units, and Eastline and Este Lofts – 7 units. Overall, the average selling price for a modern condo/loft market in the East Austin Entertainment District (included in this report) is $445,452 which on average is 102% of the asking price. The average Days on Market is 34 Days which includes brand new units listed on market before completion. Most units that were resales sold within 14 days or less.
If you would like more info on buying or selling a loft in East Austin, please don't hesitate to call Ken Fox, 512.543.2323.