Luxe Austin Homes

Downtown Austin’s population popped 79 percent from 2010 to 2020, report says

A new report demonstrates that downtown Austin isn’t just for workers, tourists, partiers, and diners anymore.

The population of downtown Austin has surged from 4,222 in 1990 and 7,635 in 2010 to 13,648 in 2020, according to the report, released by the Downtown Austin Alliance. That translates into a 223 percent population spike between 1990 and 2020 and a 79 percent jump from 2010 to 2020.

Today, the population of downtown Austin roughly equates to the population of Manor, a Travis County suburb.

To accommodate the escalating population of downtown Austin, real estate developers have bulked up the housing supply there.

In 1990, just 948 housing units were located downtown, according to the report. That number grew to 5,670 in 2010 and…

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​For Sale: 5 Austin homes with spectacular heat-beating swimming pools

Temperatures in Austin are projected to reach triple digits nearly every day this week, so strap in for a sweaty summer.

But it doesn't have to be miserable if you have a pool to beat the heat. These homes on the market offer a private oasis much-needed this time of year.

2302 Lancaster Dr. | $799,000

Newly-renovated and back on the market, this 1975 build has been fitted with updated finishes while retaining its retro charm. An open floor plan and high ceilings allow for tons of natural light, the kitchen is complete with all-new fixtures, a focal-point fireplace for the winter months, and a round backyard pool and patio combo for the stifling heat.

4 bedroom, 2 bathroom | 1,844 square feet

6708 Mitra Dr. | $1,395,000

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Real estate company with Bee Cave office debuts on Fortune 500

Real estate company Compass debuted on the Fortune 500 alongside companies such as Apple, American Express and others in May. The business has 67 markets, over 300 offices and over 25,000 agents who assist in home buying and selling nationwide, including The Grossman & Jones Group in Bee Cave, which is recognized as the No. 1 team at Compass Austin, according to a press release. Compass launched in 2012 and provides personalized attention throughout the buying and selling process as well as continuing support after the transactions, according to the business. It is located at 12117 Bee Caves Road, Bldg. 3, Ste. 180, Bee Cave. 512-470-3173. www.compass.com/agents/grossman-jones-group

Source: Community Impact Newspaper

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The Fastest-Growing Cities Are in Just 2 States. Can You Guess Which Ones?

The nation’s fastest-growing cities are more like popular suburbs located just outside of the hottest real estate markets. And they are all clustered in just two states: Texas and Arizona.

During the height of the COVID-19 pandemic, smaller cities just beyond the city limits of Austin, TX, and Phoenix, AZ, grew at the fastest clip in the country from July 2020 through July 2021, according to a recent U.S. Census Bureau report. (The report looked at cities with at least 50,000 residents.)

“Movers are taking advantage [of their newfound ability to work remotely], and we’re seeing more people relocate to the South and West,” says Realtor.com® Chief Economist Danielle Hale. “As a result of the popularity, these areas have seen an influx of people,…

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Four Seasons Private Residences On Lake Austin Steps Up Luxury Living In Texas... Literally

A new luxury development will uplift residential real estate to a new dimension at Lake Austin. Luxury housing the levels of which have not been seen before in Texas, or much of the southwest, has a new grab: a two-minute Funicular descent to The Marina and The Lake Clubhouse at The Four Seasons Private Residences will present a panoramic experience inside one of two air-conditioned, glass enclosed cabins, lifting residents down to water activities, or back up to their multi-million dollar homes. The Funicular takes elevated Hill Country living to an extreme convenience, granting access to shoreline so pristine it is not even accessible by car.

The Four Seasons Private Residences is also the luxury brand’s first residences anywhere with…

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Realtor report: Austin area sees gain in housing inventory in April

April home sales in the Austin area decreased for the second month in a row, according to a new report from the Austin Board of Realtors.

The April 2022 showed across a five-county area, home sales declined 6.2% year over year to 3,280 closed sales as the median price rose 19.6% to a new record of $550,000.

Active listings jumped 52.5% year over year to 2,763, causing housing inventory to increase by 0.3 months for a total of 0.8 months of inventory, marking the biggest gain in housing inventory year over year since the summer of 2017.

“We are far from a healthy number of homes for sale in our market, so any increase in housing stock, no matter how small, is a welcome sign for people looking to buy. Our area continues to really be influenced…

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Austin real estate expert talks soaring property appraisals and how homeowners can protest

Texas property owners recently received their property appraisals in the mail. In Travis County, the value of residential properties increased 56% compared to last year, leaving many people wondering what they should do next. 

Ashley Jackson, president-elect of the Austin Board of Realtors, spoke with KVUE's Ashley Goudeau about the appraisals and what homeowners can do. Below are Jackson's answers to some common property appraisal questions.

The deadline to protest an appraisal is May 16. Should I protest mine? Who should protest?

"That is really going to vary on a case-by-case basis. They [property owners] may want to reach out to their trusted Realtor to get some advice about where their market value is to see if they have a…

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Deals, Dollars, And Decacorns: What Is Happening In Austin’s Real Estate Market?

Austin, Texas, is attracting VC firms, tech giants, and a slew of professionals from different American cities. This is pushing the demand for commercial and residential real estate in Austin.

In early 2021, the Austin Chambers of Commerce published a report that stated that the city lost 33,400 jobs in 2020 in the aftermath of the pandemic.

The situation was pretty much the same wherever you looked. Jobs were getting lost, businesses were getting shut down, and government lockdowns were the norm. There was widespread economic despair.

Where Austin performed much better than other metropolitan cities was in getting back those jobs and opportunities and softening the blow.

A string of pro-business policies, an enviable (affordable) housing…

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This $16 Million Modern Estate in Austin Comes With Its Own Vineyard and Private Label Wine

Named ‘8 Oaks’ after the number of people in their family, this property located about 30-minutes from downtown Austin is truly one-of-a-kind. The sellers are commercial real estate developer and tech startup investor Vincent Sica, and his wife, Tracey Sica, who live at the estate with their six children. To honor each member of their family, they planted eight oak trees along the driveway that leads to the house.

Built in a modern ranch style, the $16 million home is being sold off-market (with Eklund|Gomes at Douglas Elliman), and it’s one of the most expensive off-market homes in the area. (Texas is a non-disclosure state, and most of the homes of this caliber are sold off-market.) Sica is also considering cryptocurrency as payment, as he’s an…

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Austin market hits all-time high as home price surges to $624,000

Another record-breaking month is in the books for the red-hot Austin housing market.

The latest monthly report from Austin Board of Realtors reveals all-time highs for home prices at both the city and metro levels, with median home prices surging past the $500,000 and $600,000 marks, respectively, for the very first time.

In March 2022, the median home price in the city of Austin skyrocketed to a record-setting $624,000. That figure is up more than 22 percent from March 2021, when the city's median home price hit a then record of $515,000. In February 2022, the city's median home price sat at $565,000, signaling a jump of $99,000 in just one month.

Meanwhile, the median price for the Austin metro hit $521,100 in March 2022, also up more than…

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