The condominium market is showing signs of economic recovery in Austin after a surprise announcement from a large developer. According to the Austin American-Statesman, The Flats on Wilson project near Bouldin Creek will become a $19 million property for sale, not for lease.
The Flats on Wilson becomes the first project in some time to become a condominium community for sale. According to news reports, as many as 25 units may have already been sold at the project.
The prices range from $254,900 to $339,900 and experts believe that it is actually $250 less per month to buy a condominium compared with renting a similar apartment.
The Flats on Wilson are located in the very popular south-central Austin area that has become a preferred location for