Grossman & Jones Real Estate Blog - atx

"The secret to thriving in Austin’s fierce real estate market"

In the fast-paced Austin real estate market, where competition is fierce and expectations are high, The Grossman & Jones Group at Compass Real Estate has earned a reputation for delivering an elevated client experience rooted in trust, service and results. With more than four decades of combined experience, Todd Grossman and Michelle Jones have built a referral-driven business dedicated to exceptional client care and the highest standards of excellence.

At the heart of every successful transaction is a simple truth: who you work with matters.

Clients who choose The Grossman & Jones Group gain more than knowledgeable realtors; they gain trusted advisors who listen, advocate and ensure every detail of the buying or selling process is handled with precision.…

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"These are America's hottest luxury housing markets"

Austin Business Journal shares, "While the housing market is shifting — giving buyers a bit more leverage — luxury markets remained resilient in the second quarter in the face of sustained higher interest rates, longer time spent on the market and slower home-price appreciation.

That’s according to The Business Journals’ latest analysis of the country’s hottest housing markets, which analyzed ZIP code-level mortgage and real estate data provided by Intercontinental Exchange to determine the top luxury housing markets. The analysis was limited to ZIP codes that had an average sale price of $1.5 million or greater and a minimum number of listings sold of 10 during the most recent quarter.

The rankings aren’t meant to highlight the most expensive…

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"7 Major Cities Are Now Buyer’s Markets—but Delistings Continue To Rise"

Realtor.com writes,"Summer ended with a standoff between reluctant buyers and frustrated sellers—but this fall, house hunters can be a bit more optimistic as seven of the 50 biggest metros become buyer's markets.

The national housing market reached a balance of five months of supply—the first summer to do so since Realtor.com® began tracking this data nine years ago, according to the August 2025 Monthly Housing Market Trends report.

What does that mean in simple terms? The months of supply metric represents how many months it would take for all the for-sale homes on the market (including pending listings) to be sold at the current sales pace. 

The higher the months of supply, the slower the market—and the more negotiating power buyers have. 

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"PIPELINE SHRINKS FOR SKY-HIGH LIVING"

Austin Business Journal writes, "There's likely to be a multiyear pause in new residential construction in downtown Austin in the wake of a recent building boom, experts say.

Downtown residential projects completed in recent years include the 56-story The Modern Austin Residences developed by Urbanspace, the 41-story Vesper condo tower developed by Pearlstone Partners and The Linden, a 28-story condo tower developed by Reger Holdings LLC and the Armenia Group.

The area has been a big draw for wealthy Austinites, lured by its unique combination of nightlife attractions, dining opportunities, residential development and office buildings that make it possible to live close to work. That has made the main downtown ZIP code — 78701 — the wealthiest…

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"WHERE DO RICH PEOPLE LIVE?"

Austin Business Journal writes, "Austin is one of the highest ranked cities when it comes to wealth accumulation, according to several reports.

In this year’s Wealth Edition, we’re taking a closer look at wealth patterns in Central Texas. That includes ABJ’s exclusive list of the region’s wealthiest ZIP codes — a ranking that takes income, home values, education levels and more into account. The list can be found below.

Tracking where the rich live can be difficult — especially when it comes to nailing down the number of billionaires hidden in the lush hills of Central Texas.

Austin can claim at least 11 players on Forbes’ latest list of billionaires. Of course, a person’s true wealth is difficult to nail down in the public realm, so it’s…

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"Austin has the 7th best housing market among large U.S. cities in 2025"

CultureMap Austin writes, "As if people needed more reasons to move to Austin: The Texas capital ranked No. 7 on WalletHub's just-released list of the best large real estate markets in 2025.

In a separate WalletHub list of 300 U.S. housing markets of various sizes, Austin ranked 18th. For this list, the personal finance website examined 300 U.S. cities based on 17 metrics including each city's real estate market, housing affordability, and economic environment.

The "large market" rankings included 68 U.S. cities with populations greater than 300,000 residents.

Last year, Austin was the 12th best real estate market in America overall, and it was the third-best out of all large U.S. cities.

This is how WalletHub broke down Austin's 2025…

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"Downtown Austin apartment building for sale"

Austin Business Journal shares, "A downtown Austin apartment building has hit the market.

The building, called Elle West Ave. and located at 300 West Ave. across the street from a Trader Joe’s, is for sale, according to a listing from commercial real estate firm Newmark, which is marketing the building. Elle West Ave. is both a value-add opportunity and a redevelopment opportunity, said Patton Jones, vice chairman of Newmark’s Central Texas office.

Built in 2000, it has 205,125 square feet of space and four stories, with 239 apartments. Jones said it also has 6,536 square feet of ground-floor retail occupied by small businesses such as salons.

As of August, the apartments were 92.5% occupied and the retail space was 100% occupied.

The…

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"New townhome project moves forward in Lakeway City Center"

Community Impact Shares, "A new project is underway in Lakeway’s new City Center, with plans to bring 21 townhomes to the area.

The details

Developer Bill Hayes with W Hayes Ventures said the project will offer nine duplexes and one triplex. The buildings will all be three stories, with a garage on the first floor, living areas on the second floor and bedrooms on the top floor.

The average square footage is estimated to be smaller than the other “for sale” residential housing in the center at around 1,700 square feet, Hayes said. This allows the project to be priced more affordably for the Lakeway area at around mid-$700,000s, Hayes said. The median home price for homes sold in Lakeway in April was $850,000, according to Unlock MLS data.

“It’s…

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"Austin is building more new apartments than any other U.S. city"

CultureMap Austin writes, "It seems that Austin will keep building as long as the people keep moving here. A new apartment construction analysis finds that Austin has the No. 1 highest apartment construction rate out of all U.S. cities this year, with more than 15,000 new units expected to be completed from the beginning of the year to the end of December 2025.

RentCafe's report, "New Apartment Construction Tops 500K Units This Year, More Than Half in 1 Region" examined apartment building data across 369 U.S. metro areas, specifically buildings containing 50 or more units.

More than 500,000 apartments are in development throughout the country this year, the report found, though that's significantly lower than the 640,000-plus units that were…

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"Analysis quantifies impact on rents when apartment supply increases"

Austin Business Journal shares, "Apartment rents typically drop when new units are added to a market's housing supply, but a new analysis quantifies by how much.

The study by the Pew Charitable Trusts on rent changes in major U.S. cities from 2017 to 2024 determined that for every 10% increase in a ZIP code’s housing supply, rent growth was 1.4% less compared to a ZIP code that had no additional housing supply. The Pew analysis also found that a 10% increase in a market's housing supply correlated to rents growing 5% less from 2017 to 2024.

In Austin, which has undergone an apartment building boom in recent years, the biggest rent declines were for older and lower-quality units, the study found.

Alex Horowitz, project director of housing…

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