Luxe Austin Homes - neighborhood

"Austin's hottest real estate stories of 2022: Dramatic market shift and big developments"

CultureMap Austin writes, "as 2022 comes to a close, we're looking back at the stories that defined Austin this year, starting with the red-hot topic of real estate. Following unprecedented growth during the pandemic, Austin's market is poised for a dramatic swing, but that's not all that happened this year. From massive mansions to tall towers and the first "residential winery" in the state, here are the hottest real estate headlines of 2022.

1. $45 million Lake Travis mansion makes a splash as most expensive home for sale in Texas. A Lake Travis estate fit for a celebrity hit the market at $45 million this spring. The property came with big-as-Texas bragging rights, as it was the priciest home on the market in Texas at the time. In 2013, the…

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"CLD Realty proposes $8M retail complex in Austin ’burb"

TheRealDeal writes, "a retail center serving two master-planned communities is on the way in the Austin suburb of Buda.

CLD Realty has proposed building seven one-story buildings with retail and restaurant space on a 5.7-acre site at 2260 Main Street, the Austin Business Journal reported. Dubbed Corner on Main, the development is currently under review by the City of Buda.

The 48,000-square-foot complex would cost about $8 million, and construction is scheduled to begin in March next year.

“We are looking for neighborhood services that seek to take advantage of the tremendous growth in east Buda and the Sunfield community, Ryder Jeanes with CLD Realty, told the outlet in an email. He said the firm will consider tenants like restaurants and…

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"Lennar, Icon reveal location of 3D-printed neighborhood north of Austin"

Austin Business Journal reports, "an Austin-based 3D-printed housing startup and one of the country's largest homebuilders have identified the location of their long-anticipated 100-home community in the region's suburbs.

Icon Technology Inc. and Lennar Home Corp. on Nov. 10 revealed that the startup's first foray into the volume homebuilding game will be the Genesis Collection at the Wolf Ranch master-planned community west of I-35 along U.S. Highway 29 in Georgetown, about 30 miles north of Austin. Construction is underway and reservations will begin next year, with prices expected to start in the mid-$400,000s.

"For the first time in the history of the world, what we’re witnessing here is a fleet of robots building an entire community of…

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"Wildhorse Ranch to expand near Manor"

Austin Business Journal writes, "another undeveloped chunk of land has taken a step toward becoming single-family homes in Northeast Austin.

During the Oct. 25 meeting of the Austin Planning Commission, the preliminary plan for Pinnacle at Wildhorse Ranch gained approval to divide 60 acres into 57 lots within the city’s Gilleland Creek watershed.

The approval represents an expansion to Wildhorse Ranch that has risen on 1,450 acres next to the newly requested expansion.

The development is a product of Austin-based Dwyer Realty Companies, led by longtime developer Pete Dwyer, and the request and the preliminary plan were presented to the commission by Kevin Burks, a civil engineer at the design consulting firm Kimley-Horn.

Dwyer Realty did…

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"Austin homebuyers regain power as active listings reach decade-plus high"

Austin Business Journal reports, "there's more evidence that Austin's housing market is correcting itself after years of overheating.

The Austin Board of Realtors'latest housing market datafound that September saw 9,671 active listings on the market — the most since 9,909 in July 2011 — and total inventory hit 3.1 months for the first time since July 2017. Median home sales prices also dropped more than $25,000 from August, helping the city push back on what's widely considered the biggest threat to the economy: affordability.

Though 3.1 months of inventory isn’t enough to transform Austin into a buyer’s market, there are winds of change.

“Homebuyers have not had this much leverage and this many options in over a decade,” ABOR President Cord…

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"No longer ‘frantic’: Number of homes for sale in Austin metro highest in more than a decade"

AUSTIN (KXAN) — "The number of homes for sale in the Austin metro area is the highest in more than a decade.

A total of 9,671 homes were actively listed in September across the five-county area — the highest number since July 2011, according to the September housing report from the Austin Board of Realtors.

The number of active listings is up more than 160% over last September.

Meanwhile, home sales declined in September. Just less than 3,000 homes were sold last month, down 18.5% year-over-year.

“Homebuyers no longer need to move at a frantic pace to find a home,” said ABoR President Cord Shiflet. “There are more homes to choose from and more time to find a home that works for their needs and budget.”

The median home price across the…

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"New ultra-luxury neighborhood claws its way into affluent Austin suburb"

According to Culturemap Austin,  "A neighborhood of six multimillion-dollar, high-end homes has emerged in the wealthy Austin suburb of West Lake Hills.

The new 12-acre development, called the Wildcat Club, features six homes on 1- to 4-acre lots with prices starting at $11.75 million. One of the homes (a 9,500-square-foot residence with interiors designed by Fern Santini) already has been sold, and two of the homes are now on the market.

Most of the homes can be customized based on a buyer’s preferences. Amenities include a lounge and wine room, media room, home office, pool, spa, gym, gourmet kitchen, outdoor kitchen, and butler’s pantry. Floor plans range from 5,750 square feet to 9,500 square feet.

Austin-based Foursquare Builders is…

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"It’s the perfect starter home. But it’s only for rent."

"Adam and Tahnya Gaston arrived in this Austin suburb in June with a toddler, a dog and enough money for a down payment. But within days they scrapped their plans for buying a house, deterred by soaring home prices and rising mortgage rates. Instead, they’re paying $4,000 a month to lease a three-story house in a new development aimed squarely at renters.

As the housing market sours, families around the country are eschewing homeownership and turning instead to new homes in rental-only developments such as the one where the Gastons landed. When completed, the Oaks on Chisholm Trail will have 113 stand-alone homes, each with a kitchen island, two-car garage and tiny plot of lawn — all exclusively for rent.

It’s one of…

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"Crane Watch: More condos to rise in S. Austin; More warehouses slated for I-35 corridor"

According to Austin Business Journal, "There’s another industrial development sprouting in the fertile I-35 corridor.

Mississippi-based EastGroup Properties Inc. broke ground Sept. 12 on Stonefield 35, a 275,559-square-foot project in Buda, the company announced Sept. 22. The development comes amid impressive growth, especially for industrial space, in the corridor between Austin and San Antonio.

The development will be built on about 21 acres at the northeast corner of I-35 and Robert S. Light Boulevard. EastGroup is constructing three buildings with varied dimensions.

The largest building will be 148,233 square feet and equipped with 51 dock doors and two ramps, according to marketing material. The building will have 195 parking spaces.

…

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"Phoenix real estate firm on a roll in Austin area, with another home rental community planned"

According to the Austin Business Journal, "A Phoenix-based builder of rental homes is increasing its investment in the Austin area to $164 million with its latest land purchase.

NexMetro Communities LLC announced Sept. 16 the purchase of 25 acres in Liberty Hill, where the company will construct a neighborhood of 260 single-family rental homes called Avilla Rio Oaks. It will join two other NexMetro projects in the works for in the suburbs around Austin; the company already announced another in Liberty Hill and an additional community in Georgetown.

"NexMetro is actively seeking new sites ideal for our luxury leased Avilla Homes neighborhoods in multiple Austin submarkets," stated Jason Flory, managing director of NexMetro's Austin division.…

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