Luxe Austin Homes - compass

"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,…

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"The Grossman & Jones Group offer white-glove customer service to homebuyers and sellers in Austin"

Community Impact writes, "With a combined 40 years of experience in the real estate industry, Todd Grossman and Michelle Jones of the Grossman & Jones Group are committed to exceeding clients’ expectations.

Up until 2018, Grossman and Jones each had their own businesses at a boutique real estate company in Austin. When they got word that Compass, the nation’s largest independent luxury brokerage, was coming to town, they decided to become business partners and join as founding agents.

They founded their company on professionalism, integrity, great relationships and hard work, and today, with the backing of Compass, the Grossman & Jones Group provides buyers and sellers white-glove service.

Jones said joining Compass was an attractive option because…

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"eXp, Compass top 2024 RealTrends Verified brokerage rankings for second year"

HOUSINGWIRE reports, "2023 was a consequential year for real estate. The market grappled with low inventory and mortgage rates that gave many homebuyers a reason to pause. According to Altos Research, 2023 inventory bottomed in April at 406,206 active listings. 

Today, there are 100,000 more homes on the market than there were in March of last year — that’s 21% inventory growth. HousingWire reports that housing inventory is on pace to grow 40% in 2024, bringing the market slightly closer to a healthy equilibrium. 

Each year, RealTrends Verified identifies the country’s most successful residential real estate brokerages, teams and agents – verifying transaction sides and closed sales volume for top-performing real estate brokerages — to give you the…

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"Compass adds 630 agents, acquiring firm that did $5B last year"

TheRealDeal reports, "on the heels of its first cash-flow positive quarter as a public company, Compass is taking a big bite out of the Central Texas resi market. 

The firm has acquired Realty Austin and Realty San Antonio, an independent brokerage that posted $5.24 billion in sales last year. With the purchase, Compass expands its Texas headcount by about 630 agents and absorbs one of the region’s top brokerages. The sale price was not disclosed. 

Local leadership will stay in control of day-to-day operations, according to a news release. The Realty brokerages are led by Gabe Richter and were co-founded by Jonathan Boatwright and Yvette Flores. 

The firms said they expect Compass’ technology will help Realty Austin and Realty San Antonio get…

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"The Top Real Estate Companies in Austin"

U.S. News reports, "known for its growing tech presence and booming live music scene, Austin is a great city to call home. With the slogan “Keep Austin Weird,” this laid-back Texas city has a contagious vibrancy and enthusiasm.
The average home value in Austin is about $568,000, according to Zillow. That's about an 8% decrease from a year ago.

But if you're going to buy a home in Austin, it's important to team up with the right real estate agent. Here are some of the top firms in Austin you may want to work with:

• The Heyl Group
• The Speed & Neuren Group
• Austin Real Estate Experts
• DMTX Realty Group
• Deane Residential
• The Holm Team
• The Grossman & Jones Group
• The Veritas Group
• STRÜB Residential Group
• The…

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"An Unexpected Oasis Surrounded by Nature Preserves Thrives Within Austin City Limits"

Realtor.com shares, "just minutes from downtown Austin, TX, sits a beautiful oasis of 3 lush acres. It’s anchored by a 3,272-square-foot home.

The serene, parklike property is available for $9.5 million.

“As soon as you go through the gates, city life is gone. It truly feels like a respite from the city. All you hear when you’re there are birds tweeting and the two owls that live in the trees hooting. You’re truly surrounded by nature. You’re in the wilderness,” says listing agent Wendi Slaton Anderson, with Compass.

“The house is lovely, but it is the land and the lot around it that is exceptional,” adds Slaton Anderson.

‘Very livable’

“The home is really well-maintained, and they’ve done such a great job of bringing the outdoors…

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"Austin settles into ranks of Texas cities selling homes over $10 million"

CultureMap Austin writes, "Austin is being redefined as a market for homes for the ultra-rich, according to a new report. The $10M+ National Luxury Report for 2022 from real estate brokerage Compass cites five local sales of homes over $10 million in 2022; that's only up one from the previous year, but there had been none in the years shown before that.

The report is for all sales in the area and based on MLS data.

Affluent areas in Austin have landed increasingly in wealth reports, like the richest cities in Texas as the benchmark for the 1 percent of highest earners in Texas rises. The Compass report acknowledges that the wealth of Austin transplants has permanently changed the real estate market.

DFW holds the top spot in Texas for the $10…

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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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"A Tale of 2 Housing Markets: Why Some Homes Still Cause Heated Bidding Wars While Others Sit Unsold"

Realtor.com shares, "homebuyers who are closely watching the correction in the real estate market might believe now is a good time to pounce. After all, homes are sitting on the market for longer, those maddening bidding wars have dried up, and wild offers over the asking price are things of the past, right?

Well, not exactly. It all depends on what they’re hoping to purchase.

Those searching for a home are seeing plenty of fixer-uppers, homes lacking curb appeal, and those in less desirable areas sitting on the market for longer and undergoing price reductions. But well-appointed, well-situated turnkey homes are still selling fast, often receiving multiple offers, and even selling over the asking price. It’s as if the housing slowdown hasn’t…

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"Will Plunging Mortgage Rates Spark a New Homebuying Rush? Here’s What the Latest Housing Statistics Say"

While mortgage rates are rarely great conversation fodder over Thanksgiving dinner, this Thanksgiving is a whole different story. If there’s a homebuyer or seller at your table, you can bet your good gravy the topic will pop up.

After all, mortgage rates have more than doubled throughout 2022, blasting past the 7% threshold and hitting a 20-year high in late October.

Yet in the past two weeks, there’s been an astonishing reprieve.

We’ll take a look at the latest statistics that have made the American dream of homebuying such a roller-coaster ride this year in our column “How’s the Housing Market This Week?” And lo and behold, the overall message this Thanksgiving week is actually good news.

Mortgage rates fell again

The headliner is…

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