Luxe Austin Homes - home sales

$500 million Southeast Austin project calls for 4,000 homes, condos and apartments

A $500 million development that calls for more than 2,500 houses, 1,500 multifamily units and commercial space is in the works for fast-growing Southeast Austin

The developer is Houston-based Hines, an international real estate firm. Its partners are Vancouver-based Trez Capital, based in, Dallas-Fort Woth-based Caravel Ventures and Tokyo-based Sumitomo Forestry.

The project — which is being called Mirador — will be developed at a cost of more than $500 million, according to Hines executives. The company said financing is in place, but did not provide additional details.

The Hines-led development group said this week that it has closed on the sale of the 1,400-acre site for the project. The property is bounded in part by Pearce and Wolf…

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Austin home prices climb to new records despite sales slowdown in October

Although home sales in the Austin metro area tapered off in October, the region remains on track for a record-breaking year, according to the Austin Board of Realtors.

ABoR says home sales in the region slid 12.1 percent last month compared with October 2020. However, the median sale price in the area rose 24.7 percent year over year to an October record: $455,000. This is also a slight uptick from the September 2021 median home price of $450,000 in the Austin-Round Rock market. 

“We are beginning to see a glimpse into what buyers and sellers can expect in our housing market moving forward,” Susan Horton, president of ABoR, says in a news release. “More new listings are hitting the market, a trend that we have seen continuously for the past…

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