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What is the average price per square foot for luxury high rise condos sold in downtown Austin? Potential buildings for the study include (but not limited to): The Austonian, The Independent, Four Seasons, and The W Residences, Seventy Rainey, and Fifth and West . Looking for newer (built in or after 2010) buildings with an average price per square foot over US$700.
OVERVIEW
The individual property list you provided has been updated with the cost comparison form attached. In addition to the properties you provided, we have added Austin Proper to the list. The average price per square foot for each property was derived by actual figures based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS) on November 7th, 2017 at 3:16 pm PST. The average price per square foot for luxury high-rise condos in downtown Austin is estimated to be $855.
THE AUSTONIAN
The average price per square foot for The Austonian was $1,087.00. We found a market report in highrises.com that gave the 2016 average price per square foot of $861.33. In 2015, the average price per square foot was $799.51. Although the condominiums do not often sell, they set records for sales prices in downtown Austin. The architect was Ziegler Cooper and the developer was Grupo Villar Mir.
FOUR SEASONS RESIDENCES
Michael Graves & Associates, BOKA Powell were the architects for the Four Seasons. The developers were Ardent Residential & Post Properties, Inc. The average price per square foot was $809.00.
THE INDEPENDENT
Rhode Partners were the architects for The Independent. The developers were Aspen Heights; CIM Group; Constructive Ventures, Inc. The average price per square foot was $834.00.
tHE RESIDENCES at W AUSTIN
SEVENTY RAINEY
Sackman Enterprises were the developers on the Seventy Rainey property. The average price per square foot was $813.00.
5TH & WEST RESIDENCES
The average price per square foot was $811.00. GDA Architecture and Riverside Resources developer produced the 5th & West Residences property.
AUSTIN PROPER HOTEL & RESIDENCES
Handel Architects LLP and the Kor Group developers are building this property scheduled for completion in 2018. The average price per square foot is at $880.00 at present.
CONCLUSION
The average price per square foot for luxury high-rise condos in downtown Austin is estimated to be $855. A Re-Sale Competitive Analysis document has been compiled, which contains photos, prices per square foot, addresses, neighborhoods, years they were built, architects, developers, numbers of units and floors for each property.