Jacob’s Downtown Update

Data Dive

Let’s look how the first half of 2024 compared to the same period last year.

Reasons why I like to look at $/sf for the downtown market, the median square footage sold in the first half of 2024 was 1200 relative to the 1050 in 2023, causing the median closed value to be higher in 2024 than 2023.

Downtown Market Biweekly Snapshot (Last Update: 8/20/2024)

189 Total Active Listings (201) -6%

10 New Listings (14) -29%

14 Pending (15) -7%

4 Closed (5) -20%

*overall slow down with supply and demand both decreasing

Stay in the Loop

• Paseo tops out at 48 stories - another milestone for an apartment building on Rainey St. The 557 unit apartment building is expected to complete late 2025.

• Katz Deli returns to downtown - closed in 2011 after 32 years on west 6th, the “Never Kloses” 24/7 NY deli & bar purchases the Rio night club on west 6th and Rio Grande.

• New Business in 2024 - latest businesses that have made their mark on downtown Austin this year. Have you tried any of these?

  
  

A Recent Snapshot

Big portion of “dirty” 6th is getting a rebrand: Old 6th

Reply to this email or give me a call to discuss more about downtown!

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Jacob Hannusch

(512) 718-1600

Jacob@JacobInAustin.com

MODUS Real Estate

Real Estate Agent Specializing in Downtown Austin