Luxe Austin Homes - homes

A Buyer’s Bonanza or a Seller’s Dilemma? Where the Housing Market Sits Now and What It Means for You

Posted by Grossman & Jones Group on August 9th, 2022

The real estate market seems to have a split personality.

On the positive side for homebuyers, the number of properties for sale shot up by a record-setting 30.7% this July compared with the same month last year, according to a recent Realtor.com® report. That’s the most significant increase in active listings in the data’s history. And in another hopeful sign for buyers, the share of homes seeing their prices slashed—19.1%—hit a record not seen since 2019.

Yet on the flip side, the $449,000 median list price of homes is a 16.6% increase compared with last year. And the average time a home spends on the market before it sells remains significantly lower (a mere 35 days) than in pre-pandemic times.

So how does a savvy homebuyer make sense of…

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As extreme heat rolls on, energy efficient homes capture attention

Posted by Grossman & Jones Group on August 3rd, 2022

As Texans keep a close eye on the state's electrical grid during this record summer heat, one Austin-area neighborhood is staying relatively worry-free about blackouts.

Each home in Whisper Valley — located in Manor, about 8 miles north of the Tesla factory — comes equipped with solar panels on the roof and an underground geothermal heat pump that is more efficient at heating and cooling a home than an above-ground unit, said Greg Wolfson, chief technology officer of EcoSmart Solution, an affiliate of community developer Taurus Investment Holdings LLC. These two factors make Whisper Valley a zero-energy capable community. The development will eventually have more than 7,000 homes that are zero-energy capable.

The zero-energy capable label is not…

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

Posted by Grossman & Jones Group on January 25th, 2022

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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