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 many real estate buyers in the area.
With record low interest rates, condominium buyers can enjoy saving money and having the pride of owning their own home. However, with prices on the rise, the time to act on purchasing the home of your dreams is today.