The Downtown Austin real estate market is booming, and that's because of Austin's extremely livable downtown core. The city has been encouraging downtown residential development in recent years and it's evident in the area's constantly changing skyline.
The population of Downtown Austin is approximately 10,000 residents, and growth in the area shows no sign of slowing down. People are choosing to live downtown because of the proximity to work, but also because of a desire to be close to the downtown's vibrant entertainment, shopping, and arts & culture districts
Downtown Austin condos for sale are essentially the only type of residential property available in the city center. Properties tend to be in the mid-range to luxury price point, but budget-friendly options are also available in older buildings.
Downtown Austin real estate buyers can expect to find condominiums with an extensive array of on-site amenities. Most buildings have a community pool, even at the lower end of the market. Once you get into the mid-range price point, high-end fitness centers are included and in the suite you can expect to find top-of-the-line appliances.
Emerging Condo Developments in Downtown Austin
The City’s plan is for Downtown Austin to evolve into a 24-hour neighborhood where people live, work, and play. By creating a dense area of residential developments, the city is planning on revitalizing the downtown core and enhancing the area’s overall vibrancy and quality of life.
Between 2005 and 2015 more than 25 new Downtown Austin condos were completed, and new projects are still emerging. At least 6 new residential buildings are in the planning stages, as well as 4 different projects for public amenities.
New developments in Downtown Austin include a variety of residential buildings, commercial and mixed-use developments, and revitalized public spaces & city infrastructure. Downtown Austin's skyscape is continuing to change, and residents and home buyers are reaping the rewards of the developing downtown center. Emerging developments include:
From a distance Austin looks like a city of skyscrapers, but up close you'll find the heart of the city is a fascinating mix of old and new. That's what makes Downtown Austin real estate so attractive! The area has preserved a number of historic districts, including along Congress Street leading to the Texas State Capitol and Old Pecan Street, a.k.a. the Sixth Street entertainment district. Emerging developments in the downtown core of Austin include a new event center, a museum, hotels, restaurants, offices, and retail space.
There are several shopping districts in the downtown core, as well with a number of options for groceries, including farmers' markets and Austin-based Whole Food Market's flagship store on Lamar Boulevard. And living in condos downtown doesn't mean you have to give up the great outdoors either. Lady Bird Lake, on the south end of the city center, is surrounded by parks that are linked by biking and hiking trails and bridges, and residents enjoy a number of watersports on the lake, including stand-up paddleboarding and rowing.
If you think Downtown Austin real estate sale might be right for you, and you'd like more information, contact Engel & Volkers online or call 800-282-3939.
The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS) from February 26th, 2017 at 1:30am CST. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein "AS IS" and without any warranty, express or implied. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market.
All information provided is deemed reliable but is not guaranteed and should be independently verified.