Luxe Austin Homes - atx

"If you're considering a move to Austin, keep these real estate metrics in mind"

KVUE Austin reports, "as South by Southwest (SXSW) continues in Downtown Austin, we're starting to see more people searching for Zillow listings in the capital of the Lone Star State.

Every morning, the KVUE News team takes a look at the trending Google searches in Austin. Over the past few days – since the start of SXSW on March 10 – searches for "zillow austin" have begun appearing more and more often. On Tuesday, Day 5 of the festival, "zillow austin" was the No. 2 search at around 9 a.m.

With this trend, we thought we would highlight the cost of real estate in the Austin area compared to the median salary.

A new study from Zillow found that Texas had one of "the most valuable housing markets" in the country in 2022. The…

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"Three Historic Austin Houses Are for Sale in $20 Million Package Deal"

Bloomberg writes, "even before the lawyer Mark Mueller bought his first historic home in Austin, Texas, he “always tried to live in one, or rent one,” he says. He recalls that in the mid-1990s, as he wandered around downtown one day, he passed a white Victorian with an elegant veranda and a massive oak tree out front. Fortuitously, the house sported a “for sale” sign. “I just went, ‘Damn, I want that,’” Mueller says, and shortly thereafter closed on it and turned it into an office for his law practice.

Over the next few years, Mueller acquired the two adjacent houses (three, if you count the carriage house on one of the properties) in an area known as the Bremond Block Historic District, a group of eleven homes which is on the National Register of…

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"eXp Realty, Compass earn No. 1 spots in RealTrends 500 brokerage rankings"

RealTrends reports, "it’s official, there’s a new sheriff in town and his name is Glenn Sanford, founder of eXp Holdings and CEO of eXp Realty. The firm moved from No. 3 to No. 1 by transaction sides in the soon-to-be-announced 2023 RealTrends 500 rankings, based on 2022 data.

Robert Reffkin’s Compass held on to the top spot in sales volume, ranking No. 1 for the second year in a row. Reffkin will be a featured guest on the RealTrending podcast on March 20, where he discusses the brokerage’s growth plan, lessons learned scaling rapidly and his move to build on company culture through in-person relationship building.

A big initiative for Compass this year is to reinforce the importance of culture and encourage agents to go into the office, which…

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"Austin Housing Market Forecast"

U.S. News reports, "given the enormous popularity of the greater Austin, Texas, area for online searches, newcomers and employment growth, it may act as a reasonable bellwether for the state of the U.S. housing market. This will certainly be tested in the spring and summer selling season, when the National Association of Realtors reports that about 40% of sales of existing homes throughout the U.S are historically made between the months of May and August. Besides offering warmer weather, buying a home during these months allows buyers with school-aged children to shop, bid, close and move into a new residence before the start of a new school year.

Similar to the overall U.S. housing market in mid-2020, the Austin housing market went into…

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"Prices, construction timeline revealed for luxury Lunaroya neighborhood in Dripping Springs"

Austin Business Journal reports, "pieces are falling into place for a new luxury single-family community in Dripping Springs, including its name.

Nashville-based Southern Land Company LLC said March 1 the neighborhood, first revealed in January 2022, will be called Lunaroya. Prices for the 28 homes will start at "under $2 million," said Jenna Lefever, SLC director of public relations.

Infrastructure work has been underway on the 70-acre community since the third third quarter of 2022 and home construction is expected to begin in September 2023.

The floor plans and square footage range of Lunaroya’s homes are still being finalized, Lefever said. The neighborhood will consist of 10 1.5-acre home sites and 18 two-acre home sites across the…

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"These towers could raise the bar for North Austin's skyline"

Austin Business Journal writes, "while The Domain and its surroundings are often referred to as Austin’s second downtown, buildings there have never reached the heights of the Central Business District. But that may be starting to change.

In February, Austin City Council approved revised building regulations for the region known as North Burnet/Gateway that allow for denser and taller construction up to 491 feet, or about 45 stories. The previous limit was 360 feet.

While some towers were already planned to reach 300 feet in this area, more recent projects are stretching toward the new upper limit of construction,

"They are responsive to energetic growth in this area of my district," said Council Member Leslie Pool, who represents District 7,…

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"Austin is the No. 1 fastest-growing U.S city for millionaires—see where else made the list"

CNBC reports, "cities like New York City and L.A. might be some of the wealthiest in America, but it’s smaller cities that are becoming more and more appealing to millionaires.

According to Henley and Partner’s 2023 wealth report, cities like Austin, Texas, and Scottsdale, Arizona, are gaining millionaire residents, while bigger cities like Chicago, and New York City are losing them.

Top 5 fastest-growing U.S. cities for millionaires

1. Austin, Texas
2. West Palm Beach, Florida
3. Scottsdale, Arizona
4. Miami, Florida
5. Greenwich and Darien, Connecticut

The No. 1 city on the list is Austin, Texas. According to the report, the Texas city saw a millionaire growth rate of 102% from 2012 to 2022. In December 2022, Austin was home to…

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"Meet Verde Square, Giving Austin’s Soccer Stadium a Brand New Skyline"

Towers reports "with new towers and height-friendly rezonings throttling up the pace of growth around the Domain area of North Austin all the time, it’s kinda hard to keep up with everything planned here — but there’s one upcoming project you really ought to know, since it’s one of the most promising steps in this ongoing experiment of converting the suburban sprawl around the intersection of Burnet Road and Braker Lane to an almost downtown-like urban environment.

Verde Square, planned by local firm Ironwood Real Estate in partnership with Austin-obsessed global real estate firm Karlin, imagines a four-building complex on more than six acres of land along Burnet Road located just west of the new Q2 Stadium, taking full advantage of this…

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"Report shows Southwest Austin home prices down, inventory up"

Community Impact shares, "the latest Austin Board of Realtors report shows home prices are down and inventory is up in Southwest Austin compared to this time last year.

For the month of January, the median home price in Southwest Austin was $537,450, down from $587,100 in January 2022.

Southwest Austin is not alone with this downward trend, as median home prices throughout Austin decreased 6.3% to $450,000 in January 2023. This is the largest drop since July 2011, according to the ABoR report.

While prices are dropping, inventory is going up in the area, according to the report. In January 2023, there were two months of inventory compared to January 2022 when there were 0.4 months of inventory, the report shows.

"January's data demonstrates the…

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"Austin retires into 19th best spot in the country to put away your work boots"

CultureMap Austin reports, "if 2023 is your year to relocate for a new life in retirement, or you’re a future retiree looking for that next move, Texas should be on your search list. Rental marketplace Zumper analyzed data from 100 cities nationwide to find the best American cities to retire, ranking Austin at No. 19.

In their latest report, Zumper looked at housing affordability, transportation, satisfaction of renters aged 45 and older, and other metrics to determine the cities in which current and prospective retirees would find the best benefits.

Texas was great overall for retirees based on the lack of state income tax and state-level taxes on Social Security. Good news for those who'd like to stay in Central Texas: San Antonio ranked No. 6…

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