Byline from Charlie Hahn: Condominium Law Update, Legal League Quarterly | Spring 2013
2013 Texas Condominium Sales Report_December 2013
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Transcript of 2013 Texas Condominium Sales Report_December 2013
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Texas Condominium Sales Report
2013 Edition
Release date: Dec. 2, 2013
About the Texas Condominium Sales Report
The Texas Condominium Sales Report is based on data from The Real Estate Center at Texas
A&M University. The report analyzes condominium sales data from January 2013 through
September 2013 for Austin, Dallas, Houston and San Antonio. The Texas Association of Realtors
distributes insights about the Texas housing market each month, including quarterly market
statistics, trends among home buyers and sellers, luxury home sales, international trends, and
more. To view these reports, visitTexasRealEstate.com.
About the Texas Association of REALTORS
With more than 80,000 members, the Texas Association of REALTORS is a
professional membership organization that represents all aspects of real estate in Texas.
We advocate on behalf of Texas REALTORS and private-property owners to keep
homeownership affordable, protect private-property rights, and promote public policies
that benefit homeowners. VisitTexasRealEstate.comto learn more.
Contact: Stacy ArmijoPierpont [email protected]
http://www.texasrealestate.com/http://www.texasrealestate.com/http://www.texasrealestate.com/http://www.texasrealestate.com/http://www.texasrealestate.com/http://www.texasrealestate.com/http://www.texasrealestate.com/http://www.texasrealestate.com/ -
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2013 Texas Condominium Sales Report December 2013
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Source: The Real Estate Center at Texas A&M University
Executive Summary
The 2013 Texas Condominium Sales Report showed double-digit growth in condominium (condo) and townhome sales among Texas four
major markets year-to-date through September 2013.
According to the report, Austin, Dallas, Houston and San Antonio experienced an average 26 percent jump in condo sales between January and
September 2013. Individually, Dallas condo sales jumped 38 percent, followed by Houston at 25 percent, Austin at 24 percent and San Antonio at
18 percent.
Trends during this time mirrored those of single family home sales across Texas, with double-digit decreases in active listings and days on the
market and moderate increases in median and average price.
In Dallas, 4,468 condos were sold between January and September 2013. Compared to the same period in 2012, the median price increased 10
percent to $153,000. The number of new listings also increased 10 percent to 6,311, whereas active listings dropped 26 percent to 1,607 listingsand pending sales jumped 33 percent to 4,077 year-over-year. Finally, days on the market dropped to 67 days, a 28 percent decrease from the
year prior.
In Houston, 5,067 condos were sold between January and September 2013. Compared to the same period in 2012, the median price increased
seven percent to $140,000. The number of new listings increased three percent to 7,552, whereas active listings dropped 31 percent to 1,737
listings and pending sales increased 17 percent to 2,827 year-over-year. Finally, days on the market dropped to 61 days, a 27 percent decrease
from the year prior.
In Austin, 2,450 condos were sold between January and September 2013. Compared to the same period in 2012, the median price increased
seven percent to $192,420. The number of new listings increased eight percent to 3,306, whereas active listings dropped 28 percent to 635listings and pending sales jumped 22 percent to 2,706 year-over-year. Finally, days on the market dropped to 52 days, a 30 percent decrease
from the year prior.
In San Antonio, 469 condos were sold between January and September 2013. Compared to the same period in 2012, the median price increased
six percent to $98,900. The number of new listings decreased three percent to 776, whereas active listings dropped 22 percent to 379 listings and
pending sales increased 11 percent to 415 year-over-year. Finally, days on the market dropped to 113 days, a 23 percent decrease from the year
prior.
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Source: The Real Estate Center at Texas A&M University
Dallas
Condo and Townhome Sales Statistics, January
through September 2013:
4,468 Total condos sold, 38 percent more
than JanuarySeptember 2012.
$153,500 Median price for condos, 10
percent more than JanuarySeptember 2012.
$199,957 Average price for condos, 11
percent more than JanuarySeptember 2012. $131 Average price per square foot for
condos, 11 percent more than January
September 2012.
67Average number of days condos spent on
the market, 28 percent fewer than January
September 2012.
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Source: The Real Estate Center at Texas A&M University
Dallas
Condo and Townhome Sales Statistics, January
through September 2013:
6,311 Total new condo listings on the
market, 10 percent more than January
September 2012.
1,607 Average active condo listings on the
market, 26 percent fewer than January
September 2012. 4,077Total pending condo sales, 33 percent
more than JanuarySeptember 2012.
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Source: The Real Estate Center at Texas A&M University
Houston
Condo and Townhome Sales Statistics, January
through September 2013:
5,067 Total condos sold, 25 percent more
than JanuarySeptember 2012.
$140,000 Median price for condos, seven
percent more than JanuarySeptember 2012.
$186,757 Average price for condos, 10
percent more than JanuarySeptember 2012. $114 Average price per square foot for
condos, 11 percent more than January
September 2012.
61Average number of days condos spent on
the market, 27 percent fewer than January
September 2012.
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Source: The Real Estate Center at Texas A&M University
Houston
Condo and Townhome Sales Statistics, January
through September 2013:
7,552 Total new condo listings on the
market, three percent more than January
September 2012.
1,737 Average active condo listings on the
market, 31 percent fewer than January
September 2012.
2,827Total pending condo sales, 17 percent
more than JanuarySeptember 2012.
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Source: The Real Estate Center at Texas A&M University
AustinCondo and Townhome Sales Statistics, January
through September 2013:
2,450 Total condos sold, 24 percent more
than JanuarySeptember 2012.
$192,420 Median price for condos, seven
percent more than JanuarySeptember 2012.
$245,417 Average price for condos, nine
percent more than JanuarySeptember 2012. $193 Average price per square foot for
condos, 11 percent more than January
September 2012.
52Average number of days condos spent on
the market, 30 percent fewer than January
September 2012.
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Source: The Real Estate Center at Texas A&M University
San Antonio
Condo and Townhome Sales Statistics, January
through September 2013:
469Total condos sold, 18 percent more than
JanuarySeptember 2012.
$98,900 Median price for condos, six
percent more than JanuarySeptember 2012.
$159,776 Average price for condos, 11
percent more than JanuarySeptember 2012.
$126 Average price per square foot for
condos, 15 percent more than January
September 2012.
113Average number of days condos spent
on the market, 23 percent fewer than January
September 2012.
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Source: The Real Estate Center at Texas A&M University
San AntonioCondo and Townhome Sales Statistics, January
through September 2013:
776 Total new condo listings on the market,
three percent fewer than JanuarySeptember
2012.
379 Average active condo listings on the
market, 22 percent fewer than January
September 2012.
415 Total pending condo sales, 11 percent
more than JanuarySeptember 2012.