Austin Texas luxury real estate statistics
There are currently 15 blog entries related to this category.
Friday, September 27th, 2013 at 6:11pm. 939 Views
We hope you enjoy our latest luxury homes report! Regent Property Group is one of the few Austin brokerages with experience and expertise in Austin luxury homes, and we appreciate the opportunity to inform you about these trends!
Austin Luxury Homes for Sale
As of September 26, 2013, there were 328 luxury homes listed for sale in the MLS.
Where are these homes? Right now, many of Austin’s most expensive homes for sale are in Barton Creek, Comanche Trail, Westlake, Rob Roy, Costa Bella, and Davenport Ranch.
- High list price = $14.5 million (about $1,797 per square foot)
- Average list price = about $2.37 million (about $410 per square foot)
Sold Homes August 2013
- 45 homes sold
- High sold price $3,650,000 ($669.25 per square foot)
Thursday, August 29th, 2013 at 1:59pm. 1,017 Views
While Regent Property Group agents work with clients in all price ranges, in all areas of Austin, we are one of the few brokerages in town with practical experience and expertise in Austin luxury homes – properties listed for sale over $1 million. And, we enjoy putting together this monthly report for you citing the trends within our area!
Considering the below numbers and that all properties included meet at least the $1 million threshold, Austin’s luxury market is “relatively” affordable: average prices and median prices are still demonstrating consistent closings well under the $2 million mark. What does this mean? Austin is selling plenty of homes in the $1 million to a few million dollar range. Homes above this to the double digit millions are…
Tuesday, July 30th, 2013 at 5:14pm. 1,034 Views
Austin is well-known for being home to some of Texas’ most prominent citizens – and some of Texas’ most prominent luxury homes. Whether it’s the awe-inspiring waterfront homes on and along Lake Austin, golf course homes like those in master-planned resort communities such as Barton Creek, or central Austin high-rise condos, Austin can bring “high dollar” and “real estate” together like no other city in the state. And, whether you’re a politician, a tech boom baby, a media mogul, a business tycoon, or a lottery winner, Austin luxury homes likely offer just your style!
Ready to jump in? Test your luxury home know-how on Regent’s luxury home lingo page, and see if you understand the difference between a mansion and a luxury home. (It’s not as simple as you…
Monday, June 24th, 2013 at 4:33pm. 985 Views
Are you searching for a luxury home in Austin, Texas? You have about 350 chances to find the right one!
A quickened Austin real estate market across all price ranges has helped along the luxury property market, and many of these upscale homes are starting to show significantly more movement than in recent years past. Austin has seen over 200 of these properties sell this year alone, and recently increased prices are now showing signs of holding steady. Interest rates remain low for now -- but perhaps not much longer.
-- Does this mean it’s your time to invest in a luxury lifestyle in Austin?
Luxury Homes on the Market in Austin, Texas
As of June 24, 2013, there were 357 active Austin luxury properties – homes for sale over $1 million listed in the…
Monday, May 27th, 2013 at 2:08pm. 953 Views
The volume of Austin luxury home sales – those listed over $1 million was way up in April 2013 compared to March 2013. Sixty-five luxury homes sold in April, compared to 37 in March, for an over 75 percent increase in closed properties! High sold price, average sold price, and median sold price for the month to month comparison all ticked up as well.
On May 23, 2013, there were 348 Austin luxury homes on the market. The high list price for these active homes was $14.5 million, with a price of $1797 per square foot. The “average” luxury home was listed at $2,374,093 (about $407 per square foot,) and the median list price was $1,795,000 (about $339 per square foot.)
Austin’s luxury homes include most of the waterfront homes along Lake Austin…
Monday, April 29th, 2013 at 1:11pm. 1,760 Views
There are no mixed signals in the Austin luxury home market! Sales are up, prices are up, and all indications signify this upscale segment of Austin real estate is in store for a banner year, especially in popular areas such as shoreline Lake Austin properties and finely detailed estates in Westlake.
Just between February and March, the luxury homes market saw a big increase in all segments. Thirty seven homes sold in March, compared to 20 in February – almost double. The high sold price was about $1 million more, and the square foot price for that property was a whopping $755, over $200 more than the high square foot price last month. Month to month, average sold price is up about $150k, and median sold price is up about $155k.
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Wednesday, March 27th, 2013 at 5:09pm. 16,886 Views
Interested in buying a luxury home in Austin, Texas? You’ll face stiffer competition and higher prices than in recent years, but options still abound.
As of March 23, 2013, there were 305 luxury homes – those listed over $1 million – on the Austin market. These commonly include Lake Austin properties and Westlake properties. The high list price for these active homes was $15 million, which equates to about $1,797 per square foot.
Average and median list prices reflected that most luxury homes in Austin are at a lower price point. The average list price was $2,424,346 (about $408 per square foot,) and the median list price was $1.8 million (about $349 per square foot.)
Seventy-six homes were pending, with a high list price of $6.95 million (about…
Thursday, February 21st, 2013 at 12:00pm. 1,125 Views
Austin’s luxury homes market – homes sold for over $1 million – is starting to show marked contrast to the luxury market of 2012. 2013 has almost doubled the number of luxury homes sold, with 12 homes selling from January 1 to February 14 in 2012 and 22 homes selling by 2/14 in 2013. The median sold price of homes sold to that date this year was $1,324,950, with a median sold price per square foot of $309.30.
Perhaps even more remarkable is that there were 54 luxury homes “pending” as of 2/14. This lends itself to an even larger number of luxury homes selling/closing in Austin in February and March, further eclipsing 2012 sales.
Popular luxury home areas in Austin include Westlake and the homes along Lake Austin, homes where students attend schools in…
Wednesday, January 16th, 2013 at 3:56pm. 2,476 Views
From waterfront homes along Lake Austin to tree-covered estates in Westlake, it is apparent Austin has a sizeable luxury property market. Whether it’s the result of trendy tech or startup success, the wealth of Austin appears here to stay – blended, of course, with our lifestyle-centric living.
As lakefront properties, hill country views, and prime downtown locales abound, there are ample opportunities for those who would like to invest in Upscale Austin. Enjoy this snapshot of the Austin luxury property market:
* For the purposes of this report, luxury homes are defined as homes sold and listed for $1 million and above within the City of Austin.
For the entire year of 2012, 287 luxury homes were sold, with a high price of…
Friday, October 12th, 2012 at 5:56pm. 1,593 Views
While Austin may be perceived as a hip, laidback city, this nature is what draws out the creativity and startup/business success that has pumped large amounts of money into our local economy. That foundation for dynamic possibilities, coupled with friendliness toward music, nature, and people in general, attracts individuals and companies from around the world. While many Austin residents love living in “a small town within a big city,” the truth is, we’ve grown up, and that is evident in the growing number of high-dollar real estate transactions. Austin luxury real estate now comprises a sizeable segment of Austin home sales, and, these days, that “Average Joe” or “Average Jane” we see at the coffee shop just might be a multi-millionaire startup mogul,…