Condos Racking Up Equity Faster Than Single-Family Homes in Austin

Condo value in Austin rose 28% between December 2020 and December 2021, according to a recent report.

1 minute read

February 9, 2022, 11:00 AM PST

By James Brasuell @CasualBrasuell

The top floors of a luxury condo building is seen at sunset in Downtown Austin.

Ryan Conine / Shutterstock

Asher Price writes for Axios Austin to share new real estate market data from the Austin Board of Realtors that reveals a surprising trend: condo values are increasing faster than single-family detached home values in Austin.

Austin, which recently made headlines for quickly becoming the most expensive housing market outside of California, has seen the median value of a condo rise from $353,250 in December 2020 to $452,250 in December 2021, a 28% increase, reports Price. By comparison, the median value of a single-family Austin home increased over the same period from $510,000 to $599,000, a 17.4% increase.

According to Price, the popularity of condos in Austin is driven by "dual-income, no kids" (DINK) couples, empty nesters from the Baby Boomer generation, and institutional investors.

More details of the who, what, where, and how of the Austin condo boom are included in the source article below.

Monday, February 7, 2022 in Axios Austin

stack of books

Planetizen’s Top Planning Books of 2023

The world is changing, and planning with it.

November 24, 2023 - Planetizen Team

Close-up of 'Red Line Subway Entry' sign with Braille below and train logo above text in Chicago, Illinois.

Chicago Red Line Extension Could Transform the South Side

The city’s transit agency is undertaking its biggest expansion ever to finally bring rail to the South Side.

November 24, 2023 - The Architect's Newspaper

Diagram of visibility at urban intersection.

How ‘Daylighting’ Intersections Can Save Lives

Eliminating visual obstructions can make intersections safer for all users.

November 27, 2023 - Strong Towns

People walking on paved path in green city park with trees and tall city skyscrapers in background.

Green Spaces Benefit Neighborhoods—When Residents can Reach Them

A study comparing green space and walkability scores found that, without effective access to local parks, residents of greener neighborhoods don’t reap the health benefits.

December 3 - American Heart Association News

Aerial view of Eugene, Oregon at dusk with mountains in background.

Eugene Ends Parking Minimums

In a move that complies with a state law aimed at reducing transportation emissions, Eugene amended its parking rules to eliminate minimum requirements and set maximum parking lot sizes.

December 3 - NBC 16

White, blue, and red Chicago transit bus at an urban bus station with shelter.

Chicago Announces ‘Better Streets for Buses’ Plan

The plan establishes a ‘toolkit’ of improvements to make the bus riding experience more reliable, comfortable, and accessible.

December 3 - City of Chicago

News from HUD User

HUD's Office of Policy Development and Research

New Updates on PD&R Edge

HUD's Office of Policy Development and Research

"Rethinking Commuter Rail" podcast & Intercity Bus E-News

Chaddick Institute at DePaul University

Urban Design for Planners 1: Software Tools

This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.

Planning for Universal Design

Learn the tools for implementing Universal Design in planning regulations.