Luxe Austin Homes - austin

"Austin-area home sales decline in May as inventory rises"

Austin Business Journal writes, "The housing market in Austin showed more signs of slowing in May, with sales dropping and inventory rising.

The number of listings came in at 5,716, equating to five months of inventory, according to the latest report from Unlock MLS. Sales numbered 3,021 in May — a 3.8% year-over-year decrease — although 4,515 sales were pending, a 16.1% year-over-year increase and the most reported so far in 2025.

The median sales price in May registered $449,000, a decline of $1,000 from April.

Clare Knapp, housing economist for Unlock MLS and the Austin Board of Realtors, said the slowing market could motivate sellers to adjust their prices to align more with what buyers can afford and are willing to pay.

“It's not that…

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"Multifamily project on tap along Colorado River in East Austin"

Austin Business Journal shares, "An East Austin lumber yard could be redeveloped into hundreds of multifamily units.

The 300-plus-unit project is planned at the former site of Eastside Lumber & Decking near the intersection of East Cesar Chavez Street and North Pleasant Valley Road.

The developer of the project, JLB Cesar Chavez, is Dallas-based JLB Partners, according to a filing with the Texas Department of Licensing and Regulation. The property owner is an entity called TRG Cesar Burleson LLC, according to Travis Central Appraisal District. The address of TRG Cesar Burleson LLC matches that of Dallas-based Trinsic Residential Group.

Neither JLB nor Trinsic — known apartment players in this market already — responded to requests for…

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"New MUD in Round Rock projected to add nearly 1,000 homes to city"

Austin Business Journal reports, "Nearly 1,000 homes are on tap for Round Rock.

Round Rock City Council on June 12 unanimously approved multiple agenda items that saw 230 acres annexed into the city, as well as that land getting turned into a municipal utility district with a development agreement.

The MUD will be built out by New Home Co., according to its Austin Division President Bill Peckman, who spoke at the meeting. The owners of the property at the intersection of Westinghouse Road and County Road 110 are Debra Kay Briggs and Marc Briggs, according to the development agreement.

Overall, there would be 900 single-family homes in the new neighborhood, and Peckman said the home lots would be 50, 60 and 70 feet. The project is on a 10-year…

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"Canyon Ranch resort, homes coming to Spicewood"

Austin Business Journal shares, "Canyon Ranch Austin Wellness Resort is bringing a resort and more homes to Spicewood. 

About one year ago, Canyon Ranch filed plans for its first Austin location with the Texas Department of Licensing and Regulation. The approximately $122 million project, according to TDLR, is on track for completion and a fall 2026 debut, said CEO Mark Rivers in a statement. The project’s legal name is CR Austin Resort LLC.

Canyon Ranch will be on 600 acres along Lake Travis, located at 600 Moonlight Bend, and will feature state-of-the-art facilities for health, fitness, performance, dining, lodging, outdoor adventures and what is said to be the largest spa in Texas. The approximately 224,000-square-foot resort sits about 30…

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"Austin Tops Graduate Friendly List"

Realty News Report reports, "The Class of 2025 just completed their years of classroom studies and have left familiar campuses behind to begin a new mission in life – to establish careers and find suitable places to live.

In its just-released document listing the “Top 10 Rental Markets for Recent College Grads,” the real estate website dubbed Austin the Number 1 U.S. city for newly launched degree holders to kick off their careers and plant the seeds of a new lifestyle in a location that’s affordable, packed with fitting job opportunities, an active social scene and lots of networking chances, particularly with other recent grads.

The roster which places Austin, Raleigh, N.C. and Overland Park, Kan. in the top three slots alongside seven other…

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"Austin and Round Rock rank among fastest-growing affordable U.S. cities"

CultureMap Austin shares, "A new national study has declared Texas home to the most affordable, fast-growing cities in the country, and Austin and Round Rock both made the list.

Round Rock ranked 10th while Austin ranked 35th on GoBankingRates.com's new list of "50 Most Affordable, Fastest-Growing Cities in 2025."

The Dallas suburb Frisco tops the national rankings at No. 1, and four more North Texas cities appear on the top 10: McKinney (No. 2), Allen (No. 5), and Lewisville (No. 8); and the Houston-area suburb League City (No. 7).

The personal finance website's experts narrowed the study down to U.S. cities of at least 100,000 people, with one-year and five-year population growth rates that were higher than the national average, and with…

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"Multiple new multifamily projects on tap, from The Domain to South Congress"

While deliveries of multifamily projects in the Austin area have been forecast to decline in the coming years, some are still being planned.

From The Domain to South Congress Avenue, developers have projects on tap ranging from townhome complexes to mid-rise apartment buildings, according to three site plan applications filed with the city. They're in the works at a time when uncertainty swirls around the metro's multifamily market and a number of other projects have been canceled or delayed.

Multifamily vacancy came in at 15.5% in April, according to ApartmentData.com, an elevated level that's a concern for developers and property managers because high vacancy rates lead to lower rental rates and less new development as investors hesitate to…

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"Big mixed-use project expected to rise in South Austin's St. Elmo District"

A big mixed-use development is being planned in the St. Elmo District.

The development, known simply by its address of 4201 S. Congress Ave., would feature around 200,000 square feet of retail, restaurant and office space in multiple mid-rise buildings at the intersection of South Congress Avenue and Industrial Boulevard, according to a site plan application filed with the city.

The developer and owner of the property is an entity called 4201 S Congress Ave Owner LLC, the address of which matches that of California-based developer Redcar Properties, which is developing a creative office project farther south in the St. Elmo District. Redcar did not respond to requests for comment.

The eight proposed buildings carry a range of uses and sizes,…

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"Austin boasts 9th highest rate of new home construction in U.S."

CultureMap Austin writes, "Austin is trying to accommodate its housing demand by building more homes than most other U.S. cities, a new report has found.

According to a new ConsumerAffairs housing report, Austin has the ninth highest rate of new home construction in the nation for 2025. The research platform analyzed new building permits and new construction home sales from January and February 2025 in the 150 largest U.S. cities.

Houston (No. 1) and Dallas (No. 2) led the nation as the top two cities building the most new homes this year.

The findings revealed there were 3,889 new building permits issued during the first two months of the year in Austin, and 520 newly built homes were sold during that same period.

The city is keeping pace…

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"Metro's fastest-growing neighborhood to add another 1,000 homes"

Austin Business Journal writes, "Liberty Hill’s Santa Rita Ranch just keeps growing.

The sprawling 3,700-acre development — where more than 4,000 homes have been sold — is already the region’s fastest-growing neighborhood. Now, 1,000 more homes are going to be added to the community, according to an announcement.

Perry Homes will build the new homes in an area called Eldorado Village. They'll rise on 50-, 60- and 70-foot lots, with 66 different floor plans available to buyers. Floor plans will range from 2,100 square feet to 4,891 square feet.

“We’re particularly excited about Eldorado Village because of its location in the community,” stated Santa Rita Ranch developer Ed Horne. “These homesites are situated on some of the highest points in…

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