Luxe Austin Homes - atx

"Austin Named Nation’s Top Apartment Market"

Realty News Report shares, "Austin ranks as the top apartment market in the nation, according to a new study by Realtor.com.

San Antonio, located about 75 miles from Austin, also ranked near the top of the “Top 10 Markets for Renters” – a Realtor.com report naming metros that earned high praise for their rental affordability, availability of leasable units, economic growth projections and shorter than average commute times.

The survey says Austin, Oklahoma City, Okla., Birmingham, Ala. and San Antonio nabbed the top four places, respectively, in the overall rankings. The 10 top-tier communities – all located in the South and Midwest — placed highest in the nation for their encouraging rental and related attributes.

The capital of the Lone…

221 Views, 0 Comments

"Tower on West Sixth Street nears completion"

Austin Business Journal shares, "Another West Sixth Street tower is approaching the finish line.

ATX Tower, formerly known as 321 West, will open in the fourth quarter this year after topping out in May, according to an announcement. The 58-story tower will add hundreds of apartments and a big chunk of office space to downtown, much like Sixth and Guadalupe, which opened earlier this year and is located across the street from it.

ATX Tower is being co-developed by Ryan Companies US Inc. and Tishman Speyer Properties LP, the latter of which came on board in 2021.

In total, ATX Tower, located at 321 W. Sixth St., is 425,000 square feet. Floors two through 11 are dedicated to parking. Floors 14 through 19 consist of more than 100,000 square feet…

274 Views, 0 Comments

"Travis Club sells $90M in homesites, infrastructure construction underway"

Austin Business Journal writes, "A luxury housing development on the shores of Lake Travis has pulled in more than $90 million, all before a single home has been built.

At Travis Club, a sprawling 1,500-acre housing development being co-developed by California-based real estate developer Haas & Haynie Corp. and Austin-based real estate investment firm Castle Hill Partners Inc., about three-quarters of the homesites available in the project’s first phase have been sold, according to an announcement. And, with infrastructure construction is underway, phase two homesites will soon be available.

Travis Club, located near Briarcliff west of Austin, will feature 274 single-family lots and 223 villa units, listed between $800,000 and $3 million,…

219 Views, 0 Comments

"$112M mixed-use redevelopment with affordable housing, artistic space coming to East Austin"

Community Impact Austin shares, "A pair of mixed-use developments with affordable housing and cultural spaces are coming to vacant city-owned lots in East Austin's African American Cultural Heritage District.

The big picture

Local stakeholders and agencies have been working for years on a plan to transform Austin's "Blocks 16 and 18" sites on the 900 and 1100 blocks of East 11th Street.

The framework that's now moving forward was one of two proposals under consideration by Urban Renewal Board—which oversees the "blighted" East 11th and 12th street area under the city's Urban Renewal Plan—since last summer. After months of review, a final outline for the blocks' redevelopment advanced July 18.

“This milestone for Blocks 16 & 18 marks a significant step…

276 Views, 0 Comments

"McKinney, Round Rock, Austin rank in top 10 best cities for renters"

Bay News 9 shares, "A few Texas cities and the South in general were heavily featured in the best places for renters to live in a new report.

RentCafe, an apartment listing service that conducts research on the real estate market, posted its annual rankings of the best cities for renters earlier this month. Its rankings were determined by looking at 20 different metrics in three categories–cost of living and housing, the local economy and quality of life. 

While Charleston, South Carolina, took the top spot for the second year in a row, three Texas cities ranked in the top 10. 

McKinney, a city in the Dallas-Fort Worth area, came in at No. 4 on the list because of its “lower-than-average cost of living, high-end apartments in top locations…

241 Views, 0 Comments

"Austin Rent Prices Drop as City Sees Flood of New Apartments"

Newsweek writes, "Austin, Texas, led the nation in dropping rent prices for the month of June, according to a new report from Realtor.com.

The South generally saw a surge in housing units as more builders target the area because of mass migration post-pandemic.

After Austin's year-over-year rent drop of 9.5 percent, San Antonio, Texas, and Nashville, Tennessee, also saw significant rent price decreases of 8.2 percent and 8.1 percent, respectively.

"It's difficult to know just yet if this is simply a trend or a long-term slide, but markets that were white hot during the pandemic like Austin and Nashville are experiencing a deceleration in demand," Alex Beene, a financial literacy instructor at the University of Tennessee at Martin,…

269 Views, 0 Comments

"Austin-area housing inventory edges higher in June with potential price relief on horizon"

Austin Business Journal shares, "Housing stock in the Austin area continues to edge higher, reaching healthier levels not seen in the metro in over a decade — and it's possible lower prices are on the horizon.

The Austin-Round Rock metro's housing inventory reached five months in June — the highest it's been since 2011, according to the latest Austin Board of Realtors and Unlock MLS market report. That's closer to the six months of inventory that housing experts say typically represents a healthy balance between supply and demand, and it's up from a level of 3.7 months of inventory in June 2023.

But what does an increase in inventory mean? According to Clare Knapp, an Unlock MLS and ABOR housing economist, buyers and sellers could expect to see…

244 Views, 0 Comments

"Active Austin home listings keep rising in emerging 2024 trend, says report"

CultureMap Austin reports, "The latest real estate report from Unlock MLS and the Austin Board of Realtors (ABoR) has revealed that June saw a significant increase in the number of active home listings in the Austin metro area — continuing on a three-month high that began in April — and median sale prices are dropping to accommodate the rise in inventory.

New in the June report, Unlock MLS refers to the Central Texas region as the Austin-Round Rock-San Marcos metropolitan statistical area (MSA), whereas it was previously identified as the Austin-Round Rock-Georgetown MSA.

The data shows there was a 13.4 percent drop in home sales across the Austin-Round Rock-San Marcos MSA, with only 2,732 homes sold in June for a median price of $450,000. There…

286 Views, 0 Comments

"'Samsung effect' spurs plans for 100-acre residential development in fast-growing Taylor"

Austin Business Journal reports, "A new 100-acre residential neighborhood could be coming to Taylor, where economic growth has been explosive thanks to Samsung’s 2,000-acre, multibillion-dollar semiconductor plant that's under construction in the city.

The development, called Turner Springs, would be home to single-family and multifamily residences as well as commercial and retail properties, according to Taylor Planning & Zoning Commission documents. The commission recommended the project for approval at its July 9 meeting.

If it comes to fruition, the project would be built on two properties that have been owned by an entity known as Turner Bobby Jr Etal since 2000, according to the Williamson Central Appraisal District. Insite…

363 Views, 0 Comments

"Exclusive | The Sand Dollar House Near Austin Lists for $1.99 Million"

The Wall Street Journal writes, "In Texas, a circular, lakeside home with a roof that looks like a sand dollar is hitting the market for $1.99 million.

Located in the city of Lakeway, which is just outside of Austin, the roughly 2,300-square-foot home is perched on a bluff that overlooks Lake Travis.

The sellers are Karena Dawn, co-founder of the fitness brand Tone It Up, and her husband, Bobby Goldstein. The pair came across the home while boating on Lake Travis. When they found out it was for sale, they bought it for an undisclosed price in 2021.

“Anyone who has boated on Lake Travis in the last 40 years has looked up at it,” said the listing agent, Michelle Jones of Compass. She shares the listing with her colleague,…

263 Views, 0 Comments