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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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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Dallas



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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Houston





$140,000 Median price for condos, seven





September 2012.



September 2012.


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Houston



7,552 Total new condo listings on the

market, three percent more than January

September 2012.

1,737 Average active condo listings on the


September 2012.

2,827Total pending condo sales, 17 percent



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AustinCondo and Townhome Sales Statistics, January




$192,420 Median price for condos, seven


$245,417 Average price for condos, nine



September 2012.



September 2012.


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San Antonio



469Total condos sold, 18 percent more than

JanuarySeptember 2012.

$98,900 Median price for condos, six




$126 Average price per square foot for


September 2012.

113Average number of days condos spent

on the market, 23 percent fewer than January

September 2012.


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San AntonioCondo and Townhome Sales Statistics, January


776 Total new condo listings on the market,

three percent fewer than JanuarySeptember

2012.

379 Average active condo listings on the


September 2012.

415 Total pending condo sales, 11 percent


2013 Texas Condominium Sales Report_December 2013

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