Luxe Austin Homes - luxury homes

"Austin vs. Nashville: How Luxury Living Measures Up in 2 Booming Housing Markets"

Realtor.com writes, "Located some 900 miles apart, Austin, TX, and Nashville, TN, have emerged from the COVID-19 pandemic era as thriving boomtowns with strong job growth, rapid in-migration, and high quality of life—so it comes as no surprise that both metros now rank among the nation's top luxury housing markets. 

Each city attracts throngs of wealthy buyers looking to snap up trophy properties in amenity-rich communities. However, according to the latest research from Realtor.com®, Nashville and Austin's price trends and inventory shifts tell two different stories. 

The main difference between the two popular Southern luxury markets lies in their stages of maturity, explains Realtor.com senior economist Anthony Smith: Nashville's high-end…

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"These new Hill Country houses will have their own private vineyards"

CultureMap Austin shares, "A new luxury development breaking ground near Fredericksburg might have Hill Country oenophiles ready to break out the bubbly. Querétaro, Mexico lifestyle company and winemaker Puerta del Lobo has uncorked a new wine-inspired project that will combine a working winery, event spaces, and massive lots with private vineyards along Wine Road 290.

The ambitious development is the first project for the Mexican winemaker within the United States. The site will be similar to a 2014 Querétaro flagship that blends wine tourism accommodations and fine dining. A press release says the Hill Country tract will eventually include “chef-led restaurants, green areas, recreational amenities, a clubhouse, a wedding venue, an exclusive…

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"A NEW LEVEL OF LUXURY"

Austin Business Journal writes, "Look, in the air — it's a bird, it's a plane ... actually it's a big pool rising higher than a pool has gone in the history of Texas.

It's also our photo of the week. The penthouse pool at Waterline in downtown Austin has been set. MC Aquatic Construction in Georgetown gets much of the credit. The company is used to installing pools at apartment complexes and even a high-rise or two, but this project was at a completely other level.

The stainless steel pool was manufactured by Bradford Products LLC, and a crew from DPR Construction got it up there in a single bound under the supervision of developers Kairoi Residential and Lincoln Property Co.

Waterline is the tallest tower in all of Texas, with unmatched…

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"These are America's hottest luxury housing markets"

Austin Business Journal shares, "While the housing market is shifting — giving buyers a bit more leverage — luxury markets remained resilient in the second quarter in the face of sustained higher interest rates, longer time spent on the market and slower home-price appreciation.

That’s according to The Business Journals’ latest analysis of the country’s hottest housing markets, which analyzed ZIP code-level mortgage and real estate data provided by Intercontinental Exchange to determine the top luxury housing markets. The analysis was limited to ZIP codes that had an average sale price of $1.5 million or greater and a minimum number of listings sold of 10 during the most recent quarter.

The rankings aren’t meant to highlight the most expensive…

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"High-End Home Sales Show No Sign of Slowing Down—and They’ve Doubled in This Southwest City"

Realtor.com writes, "Home sales during this spring selling season have faced a slump—but one part of the market is bucking the trend. Luxury buyers are stepping up, and in at least one city, sales have doubled in a week.

Luxury real estate across the country continues to outperform the median, and the $1 million-plus category has been the fastest-growing (or least-declining) sales segment for nearly two years, according to the National Association of Realtors®.

"Higher-end homeowners have substantial equity and are less reliant on mortgage financing. These types of properties have outperformed," says Danielle Hale, chief economist of Realtor.com®.

And in the past week, the Austin, TX, high-end market has been heating up. There were 15 newly…

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"Icon to print homes in new luxury neighborhood west of Austin"

Austin Business Journal shares, "Icon Technology Inc. is bringing five of its 3D-printed homes to a new luxury resort neighborhood on the shores of the Colorado River.

The homes will be built in The Canyon Club community, a 60-acre project being built north of Spicewood at 122 Shoreline Road, according to an announcement. In addition to Icon’s homes, 20 traditionally built homes are planned for the project as well.

The Canyon Club is being developed by Prasso Ventures, which has been behind luxury neighborhoods in Arizona, Colorado and Washington.

Icon’s five homes in The Canyon Club will be 3,400 square feet.

The Icon homes will be available for fractional purchase starting in the low-$400,000 range per share. Shared ownership of the…

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"Austin's luxury real estate market brought in $4.1 billion in 2024"

CultureMap Austin shares, "A new 2024 report from Texas Realtors has revealed the number of homes that sold in the state for $1 million or more increased 10 percent from last year to reach its second-highest peak ever recorded.

According to the report's findings — which calculated sales data from November 2023 to October 2024 — Texas' luxury real estate market accounted for $21.4 billion in economic activity. The period from November 2021 to October 2022 still holds the current statewide record, which is $22.6 billion.

A total 12,888 homes sold for at least $1 million during this time, which represented nearly 16 percent of all Texas residential home sales.

May 2024 was the busiest month for Texas' luxury home sales. Nearly 1,580 homes were…

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"Million-dollar markets: America's most expensive ZIP codes for housing"

Austin Business Journal writes, "California's 94027 stands alone when it comes to the nation's most expensive ZIP codes for housing.

The typical home value in 94027 - Atherton, which is located near San Francisco, was $7,711,460 in March 2024 — leading the way among all ZIP codes in America.

That’s according to research obtained for The Business Journals Wealthy 1000, a recent ranking of the nation's wealthiest ZIP codes based on a weighted formula that looks at numerous wealth metrics, including typical home value data from Zillow.

California's 94027 stands alone when it comes to the nation's most expensive ZIP codes for housing.

The typical home value in 94027 - Atherton, which is located near San Francisco, was $7,711,460 in March 2024…

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"Luxury home prices hit a new high, more 'starter' homes now cost $1M"

Austin Business Journal reports, "The U.S. luxury housing segment has bucked some of the trends affecting the rest of the residential real estate market, in large part because those buyers and sellers are less affected by affordability issues.

But like the broader housing market, luxury homes continue to see a surge in prices. In fact, luxury home prices hit a new high in the second quarter of this year, with a typical home in the category selling for $1.18 million, an 8.8% increase from the same quarter last year, according to Redfin Corp. data.

Redfin defines luxury homes as those estimated to be in the top 5% of their respective metro areas, based on market value, while non-luxury homes are estimated to be in the 35th to 65th percentile based…

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"Affluent House Hunters in Austin, Texas, Are Finding an Opportunity—and ‘Even a Deal’"

Mansion Global writes, "Once the poster child for the pandemic housing boom, Austin, Texas, is seeing some of the nation’s steepest price declines for luxury homes, coupled with a growing supply of listings.

Luxury house hunters are now facing less competition and far more choice than even a year ago, marking an opportunity to buy before demand overwhelms supply again. There were 20% more luxury listings on the market in the greater metro area in the first quarter than a year ago, according to data from Realtor.com, which defines luxury as the top 10% of the market by listing price. 

“I have not seen this much great inventory in Austin in a long time, even since before the pandemic,” said luxury real estate agent Kumara Wilcoxon of Kuper…

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