Luxe Austin Homes - Grossman & Jones Group

Lennar Homes’ Plans To Build A Neighborhood Of 3-D Printed Homes In Austin

3D-printed housing has arrived, and is ready for the big time. Homebuilding giant Lennar Homes has committed to building the largest neighborhood of 3D-printed homes yet developed. Breaking ground in early 2022 in the Austin area, the 100-home innovative community is co-designed by BIG-Bjarke Ingels Group, using ICON's building technology.

The announcement deepens a relationship that began with Lennar’s investment in Austin-based ICON’s recent $207-million financing round and offers a promising path toward delivering affordable, technology-driven homes that meet rising demand. 

There is a shortage of housing in the country, and labor and materials shortages are a frustrating bottleneck for the homebuilders. 3D printing construction has the…

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New Homes Selling At Record Pace In Austin As Shortage Continues

AUSTIN, TX — New homes that hit the real estate market in Austin are selling at a record pace and are often gone in less than three times the amount of time as other new homes across Texas, according to a new report.

New homes listed the city remained on the market an average of only 17 days in September, according to a new monthly report released this week by HomesUSA.com. The new record pace is down drastically from an average of homes spending 83 days on the market at this time in 2020, according to a three-month average of new home sales.

In Texas, the average time on the market for new homes was 54 days, according to the report, which also marked the least amount of time spent listed since the rate was at 93 days last September,…

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Elon Musk announces Tesla headquarters will move to Austin

Tesla will relocate its headquarters to Austin, CEO Elon Musk announced at the company's annual stockholder meeting Oct. 7.

"I'm excited to announce that we are moving our headquarters to Austin, Texas," Musk said at the meeting, which was held at Giga Texas, Tesla's under-development production plant in Southeastern Travis County.

He emphasized that despite headquarters shifting from Fremont, California, to Texas, Tesla's activities in California would continue at a strong pace, with output from both Tesla's Fremont factory and its Reno, Nevada, gigafactory increasing by around 50%. However, he said the company's space for growth was limited in Fremont, and he expected even greater growth in Texas.

"There's a limit to how big you can scale it in the…

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New report shows Austin real estate market "calming"

A recent housing market report by the Austin Board of Realtors shows the real estate market in Central Texas has “calmed” compared to earlier in the year.

Cord Shiflet, incoming president of the ABoR says compared to August 2020, home sales have decreased 4.6 percent.

“While we were seeing 30-40 offers on homes we’re now seeing 5 maybe 10 offers on homes,” says Shiflet.

Rob Gordon, Sales Manager at JB Goodwin Realtors tells us the slight slowdown could be attributed to the typical seasonality of the market, as well as buyer exhaustion from a busy spring.

“There’s a lot of buyers who put in many offers on homes and they never won a home and so they eventually left the market,” says Gordon.

Despite a slower market, prices are at an…

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Fall 2021: Fall festivals and events in the Austin Metro

Barton Hill Farms Pumpkin Patch and Corn Maze in Bastrop

Barton Hills Farms, 1115 FM 969, in Bastrop will host its annual pumpkin patch and corn maze from Sept. 25 through Nov. 7 from 10 a.m. to 6 p.m. every Saturday and Sunday.

The farm offers sunflowers to pick along with pumpkins, the Hey Elon! Corn maze, live music, food, beer, apple cannons, archery and more.

Texas Pumpkin Fest

Get into the spirit of autumn and enjoy some family-friendly fun at Texas Pumpkin Fest.

The pumpkin patch in Leander will be available from 10 a.m. to 7 p.m. starting Friday, Sept. 25 and will continue through Thursday, Nov. 7. The festival is located at 10930 East Crystal Falls Parkway and will be open seven days-a-week.

Patrons will have the…

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Austin's booming housing market is redefining what counts as 'luxury' real estate

One million dollars used to be a benchmark for "luxury real estate." But that's not necessarily the case anymore.

We've all seen the headlines: Austin's real estate market is booming. 

The median price for a home in the Austin-Round Rock area is currently $480,000. Four years ago, it was $301,000. That's a 59% increase in less than five years.

And the shifting real estate market is changing which properties are considered "luxury real estate."

In Austin, a $1 million price tag used to be the benchmark for a luxury property. But now $1 million could buy you a townhome near downtown or a teardown in other parts of town.

"I remember when having a $900,000 listing, everybody was like, 'Whoa, she is a really…

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46-home development The Addie at Westlake breaks ground off Loop 360

A new residential community, The Addie at Westlake, is under development at 800 N. Capital of Texas Hwy., Austin.

Legacy Communities, a residential real estate development company, broke ground Jan. 27 on the new community, which will feature 12 townhomes and 34 single-family homes, according to Marketing Director Ashley Rust said.

The Addie at Westlake received early interest from buyers and is nearly sold out just a week after kicking off construction. Rust said as of Feb. 4, only nine homes remain available, with prices starting at $1.5 million.

Legacy Communities anticipates the first home to be completed in early 2022, according to Rust, who said the architecture will feature a modern-European style with two- to three-story floor plans…

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Real estate competition grows in Lake Travis-Westlake region as Central Texas sees unprecedented housing demand

2020 was a year of record-breaking real estate sales in the Austin-Round Rock Metropolitan Statistical Area. Despite a temporary lag caused by the coronavirus pandemic, the demand for housing reached an all-time high.

This is according to the Austin Board of Realtor’s December 2020 and year-end Central Texas housing report released Jan. 21, which reflected a record-breaking 40,165 homes sold last year.

“This is a historical and unprecedented time for our housing market,” 2021 ABoR President Susan Horton said. "The pandemic only increased demand for all types of housing across the region, pushing inventory to near-zero levels."

Residential home sales rose by 16.2% year over year in December alone as the median sale price increased by 15.8%, a record for…

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StoryBuilt's latest project: $50M housing development just south of Mueller

A developer is gearing up to build 80 townhomes and 36 single-family homes in Central East Austin, where new housing is proliferating.

The 116-home, $50 million development is planned at 2211 E. M. Franklin Ave. — between Martin Luther King Jr. Blvd. and Manor Rd., just west of the municipal Morris Williams Golf Course — by Austin-based residential and commercial developer StoryBuilt and will be called George.

Construction has not yet started. The developer said homes will start to come online in the fourth quarter of this year. All residences would be completed by late 2022.

In addition to the 80 two-story townhomes and flats and 36 single-family homes, there will be expansive green space and a community pool. George is the name…

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Homebuilding is booming in Austin — and the action is centered in outer suburbs

With Tesla's factory supercharging the Austin housing market, experts say the far-flung reaches of the metro stand to benefit as well.

“In an already hot real estate market, it’s turning it up to broil," said Vaike O'Grady, Austin regional director of housing market research company Zonda, formerly known as Metrostudy.

The construction of Tesla's $1.1 billion gigafactory is having an effect on housing from Georgetown down to San Marcos, O'Grady said. Realtors have said employees of the electric vehicle company are already scouring the metro for homes. In one example, a Tesla employee sought a home for less than $750,000 on the west side of Georgetown, learning along the way that Central Texas sellers don't need to haggle.

In another, a Tesla…

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