Luxe Austin Homes

"Leander annexes over 300 acres for new neighborhood"

Austin Business Journal shares, "Leander is one of the fastest-growing cities in the metro, and that growth is poised to continue.

Leander City Council annexed more than 300 acres for a new subdivision, called Oakwood Hills, in May that will add about 200 homes to the suburb northwest of Austin.

The project is being developed by 23244 Nameless Rd. LLC.

Oakwood Hills is located on 337 acres at 23244 Nameless Road on the western edge of Leander, according to council documents. The land is currently undeveloped, and developers are proposing to build single-family homes on 174 one- to two-acre lots.

Leander is one of the fastest-growing cities in the entire metro, according to the U.S. Census Bureau. Its population boomed from 59,202 in 2020…

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"Shopping for a home? Texas city scores largest influx of new listings"

MYSA writes, "In the market for a new home? What better place than right here in Central Texas.

Two Texas cities ranked among the best in the nation for the largest price slashes within their respective housing markets, marking a real estate haven for first-time homebuyers and more experienced house hunters, according to a report from Realtor.com released on Monday, June 23. Both the South and the West led the way in the biggest cost cuts, with Phoenix ranking supreme with 31.3% of its Arizona home listings featuring a price cut.

Coming in second was Tampa with a 29.9% slash in home listing costs, with Denver trailing slightly behind at a 29.4% share of listings featuring reduced prices. In fourth place, Texas made its mark with the capital city,…

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"Leander Springs project to return to City Council over next few months"

Austin Business Journal reports, "Developers behind the Leander Springs project near Austin reaffirmed their commitment to build the billion-dollar, 78-acre lagoon-centered mixed-use project despite numerous challenges — including owing millions to contractors and losing their incentives agreement.

Austin-based iLand Development Group on June 18 said it "is moving forward with confidence" despite the setbacks and has submitted amendments to its development agreement and planned unit development.

"We recognize there’s been frustration around the timeline, but it’s important the public understand the full picture," iLand CEO Andrey Derevianko said in a statement.

"We have worked diligently and in good faith to move this project forward, while…

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"More international buyers are eyeing the U.S. home market. These cities are getting the most looks."

Austin Business Journal writes, "America's housing market is showing increased interest from international buyers.

That’s according to a new report from Realtor.com, which analyzed international views of for-sale listings on the Realtor.com U.S. marketplace between January and March 2025, as compared to previous quarters.

The data showed the share of home shoppers who came from outside the U.S. grew from 1.3% in the first quarter of 2020 to 1.9% during the same time this year. It was also up from 1.7% in the fourth quarter of 2024.

Cities with the most global interest

In the first quarter of 2025, Miami was the most-popular metro market for international home shoppers, with that metro area capturing 8.7% of demand from outside the U.S.…

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"Austin-area home sales decline in May as inventory rises"

Austin Business Journal writes, "The housing market in Austin showed more signs of slowing in May, with sales dropping and inventory rising.

The number of listings came in at 5,716, equating to five months of inventory, according to the latest report from Unlock MLS. Sales numbered 3,021 in May — a 3.8% year-over-year decrease — although 4,515 sales were pending, a 16.1% year-over-year increase and the most reported so far in 2025.

The median sales price in May registered $449,000, a decline of $1,000 from April.

Clare Knapp, housing economist for Unlock MLS and the Austin Board of Realtors, said the slowing market could motivate sellers to adjust their prices to align more with what buyers can afford and are willing to pay.

“It's not that…

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"Multifamily project on tap along Colorado River in East Austin"

Austin Business Journal shares, "An East Austin lumber yard could be redeveloped into hundreds of multifamily units.

The 300-plus-unit project is planned at the former site of Eastside Lumber & Decking near the intersection of East Cesar Chavez Street and North Pleasant Valley Road.

The developer of the project, JLB Cesar Chavez, is Dallas-based JLB Partners, according to a filing with the Texas Department of Licensing and Regulation. The property owner is an entity called TRG Cesar Burleson LLC, according to Travis Central Appraisal District. The address of TRG Cesar Burleson LLC matches that of Dallas-based Trinsic Residential Group.

Neither JLB nor Trinsic — known apartment players in this market already — responded to requests for…

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"Household Real Estate Value Falls in the First Quarter of the Year"

Realtor.com writes, "In a slight setback for homeowners, $200 billion was shed from the total value of household real estate during the first months of 2025—but it remained the fourth-highest on record.  

The aggregate market value of all U.S. homes owned by those living in them retreated to $47.9 trillion during the year's first quarter, down from $48.1 trillion at the end of 2024, according to the most recent release of the Federal Reserve Z.1 Financial Accounts.

This reflects a continued pullback from the highest total of $48.8 trillion, recorded in the second quarter of 2024, according to a recent Flow of Funds analysis by Realtor.com® economists. Yet despite the downturn that has occurred across three consecutive quarters, homes gained $960…

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"New MUD in Round Rock projected to add nearly 1,000 homes to city"

Austin Business Journal reports, "Nearly 1,000 homes are on tap for Round Rock.

Round Rock City Council on June 12 unanimously approved multiple agenda items that saw 230 acres annexed into the city, as well as that land getting turned into a municipal utility district with a development agreement.

The MUD will be built out by New Home Co., according to its Austin Division President Bill Peckman, who spoke at the meeting. The owners of the property at the intersection of Westinghouse Road and County Road 110 are Debra Kay Briggs and Marc Briggs, according to the development agreement.

Overall, there would be 900 single-family homes in the new neighborhood, and Peckman said the home lots would be 50, 60 and 70 feet. The project is on a 10-year…

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"Canyon Ranch resort, homes coming to Spicewood"

Austin Business Journal shares, "Canyon Ranch Austin Wellness Resort is bringing a resort and more homes to Spicewood. 

About one year ago, Canyon Ranch filed plans for its first Austin location with the Texas Department of Licensing and Regulation. The approximately $122 million project, according to TDLR, is on track for completion and a fall 2026 debut, said CEO Mark Rivers in a statement. The project’s legal name is CR Austin Resort LLC.

Canyon Ranch will be on 600 acres along Lake Travis, located at 600 Moonlight Bend, and will feature state-of-the-art facilities for health, fitness, performance, dining, lodging, outdoor adventures and what is said to be the largest spa in Texas. The approximately 224,000-square-foot resort sits about 30…

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"The price-cut picture is changing as home listings rise and buyers gain leverage"

Austin Business Journal shares, "After several years of strong sellers' markets, buyers are gaining leverage in a number of housing markets across the nation — and it's reflected in both home-listing and price-cut data.

That’s according to The Business Journals' recent hottest housing markets analysis of first-quarter housing data from Intercontinental Exchange.

Of the 8,936 ZIP codes analyzed by The Business Journals, 5,788 (or 64%) posted a year-over-year increase in home listings in the first quarter. Of those, 698 (or 7.8%) recorded an increase of at least 50%.

The data revealed home listings grew significantly in many pockets of the country, underscoring observations by some market watchers that the national residential real estate…

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