Members cumulatively closed over $2.9 billion in residential sales (up from 1.7 billion) in 2021 with 739 properties (up from 545) over $1 million. 

AUSTIN, TEXAS (APRIL 11, 2022) -- Thirty Austin-area real estate agents have been selected for membership in Luxury League for 2022. 

Each year, Luxury League invites Austin-area real estate agents who specialize in luxury transactions (over $1 million)  to apply for membership. The applications are then evaluated by an advisory board, who selects members based on their luxury residential sales volume from the previous year. Sixty-nine agents applied for membership in January of 2022; collectively the entire field of 69 applicants reported over $4.5 BILLION in residential sales in 2021.

The surge…

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An analysis from realtor.com released last week reported Travis County tops Texas as the county with the highest median home price. The report, based on February 2022 real estate figures, reported a median home value listing at $637,000 — up more than $200,000 compared to February 2018 figures.

The five-year real estate analysis weighed out the median listings for Texas’ 10 most populated counties: Harris, Dallas, Tarrant, Bexar, Travis, Collin, Denton, Hidalgo, El Paso and Fort Bend. Despite not leading as the most populated county, Travis County’s increasingly expensive real estate landscape is a continuous trend as conversations surface on affordability concerns.

While Travis County topped the list for median home listings, Collin County…

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While the Austin housing market continues to shatter price records, a new study shows it’s the best U.S. market for growth and stability.

The study, published by personal finance website SmartAsset, places Austin at No. 1 among 400 metro areas for housing growth and stability. That’s up from the No. 2 spot last year.

The study notes that Austin-area home prices soared 368 percent from 1997 through the end of 2021. That was the biggest spike among all of the metro areas examined in the study. Meanwhile, it estimates there’s a zero percent chance that an Austin-area home would suffer a 5 percent drop in value within 10 years of being purchased. 

In February, the median price of a home in the Austin metro area came within $5 of $500,000,…

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When Lakeway resident Katie Bigus and her husband started looking for a home near his job on Bee Caves Road, she said they were financially prepared and could be aggressive in their bidding process.

Still, Bigus said, they lost out on their first choice after bidding about $98,000 over asking price with no contingencies and a leaseback to the sellers in the contract.

This has become the status quo, said April Womack, a Realtor with Moreland Properties, who works out of its Lake Travis location.

“It’s a really strange market,” Womack said. “I compare it to gridlock on the highway. Everyone is trying to get somewhere, but traffic just won’t move.”She said while sellers love the equity rising home values have added to their homes, they would pay more to…

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Why Austin?

CrowdStreet evaluated multiple data points from leading industry sources to compile its list of the 20 best markets for real estate investors. These markets are in the best position to benefit from the continued strength in real estate. They should deliver above-average rent growth, strong absorption rates, recovering job growth, and strong median household income growth. These factors should drive continued real estate price appreciation in 2022 across these markets.

Austin led the way because it continues to benefit from strong population and job growth. That's because companies -- especially in the technology sector -- continue to relocate and expand in the city. For example, e-commerce behemoth Amazon recently announced plans to…

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Any hopes of ever buying an “affordable” house in the city of Austin are quickly fading, especially for first-time homebuyers.

In January 2022, the median sale price of a home within the city limits climbed to $550,000, up 20.9 percent from the same time a year earlier, according to the Austin Board of Realtors. Even the median sale price for the entire Austin metro area is increasingly out of reach for many first-time homebuyers — $476,000 in January 2022, up 30.4 percent from a year earlier.

However, some Austin suburbs enable first-time buyers to get more bang for the buck. While they might be a fair distance from Austin itself, a number of suburbs offer home prices at least $100,000 below the region’s median price.

In alphabetical order,…

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Just a few months after sales launched, potential buyers have reserved more than half of the luxury Four Seasons-branded residences planned for a high-profile cliff overlooking Lake Austin.

The sales pace for the units is another sign of the Austin region's continued rising real estate market, including the high-end segment, housing industry experts say.

The 179 residences in the Four Seasons project are due to break ground next year. Prices start at $4.1 million.

Reservations began in late September, and hit the half-way mark in just four months, said Eric Moreland, broker associate with Moreland Properties who is handling sales.

Officially named Four Seasons Private Residences Lake Austin, the condominium project will be located on…

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Wouldn’t it be incredible to wake up each morning and sink your toes into sandy, white beaches, look out your window at picture-perfect sunsets, and fall asleep to the sound of waves lapping the shore? For more and more Americans with unlimited (or at least jumbo) bank accounts, this is their life. The overall real estate business may be going through challenges lately, but make no mistake: The high-end luxury market is booming.

During the COVID-19 pandemic, demand for luxury homes in popular vacation areas, particularly along the coasts, has surged. The newfound ability of many of these wealthiest buyers to work remotely, more baby boomers retiring earlier into their forever homes, and cheap mortgages fueled the rush into some of the most…

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Shocker—Austin’s luxury real estate market is booming but after an especially fruitful year, the capital city is joining the big leagues for high-priced homes.

According to a study comparing industry-wide sales activity done by real estate agency Compass, Austin saw a 450% increase in $10 million-plus real estate transactions from 2020-2021, placing it among the 30 highest-value markets in the U.S.

With 11 total transactions totaling $189 million, the sales volume in Austin jumped 562% since 2020, putting the city markedly higher than major cities like Philadelphia, Pennsylvania; Jersey Shore, New Jersey; Long Island, New York, and Washington D.C.

Dallas was the only other Texas city to be included on the list and nearly mirrored Austin’s…

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The population of Leander soared 123 percent from 2010 to 2020, and the growth shows no signs of letting up. A new report from residential real estate platform Opendoor provides further evidence of the continued popularity of the Williamson County suburb.

Leander’s 78641 ZIP code ranks second on Opendoor’s new list of the country’s 10 most popular ZIP codes for homebuyers. To develop the list, Opendoor analyzed home sales in 2021 in the more than 40 markets where it operates brokerages.

Chris Westrom, Opendoor’s senior general manager in Austin, says Leander benefits from the population and job growth occurring throughout the metro area.

“Leander … offers residents a smaller-town charm while only being about 30 miles outside of the hustle and…

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