Luxe Austin Homes - TX

"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…

606 Views, 0 Comments

"Austin has the 3rd most active real estate market in the U.S. within the last decade"

CultureMap Austin writes, "a new report has discovered Texas cities hold the top five most active real estate markets in the country, with Austin landing in third place. The study by storage marketplace StorageCafe reflects the city's resiliency over the last decade after a recent reported plummet in Austin's quality of life.

Austin had the third highest number of single-family home permits between 2013 and 2022, totaling 37,000 units. At the same time, the city also permitted over 98,700 new multi-family/apartment units. The massive influx of housing ultimately adds up to an impressive national surge.

On the industrial end, the Texas Capital also took the No. 3 spot in the country for the most square feet of new industrial space construction.…

370 Views, 0 Comments

"A $50 Million Lake Austin Compound Could Become the Priciest Home in Texas"

Mansion Global writes, "with an asking price of $50 million, a lakefront compound in Austin, Texas, could set a record for the state, according to listing agent Bridget Ramey of Kuper Sotheby’s International Realty. 

The roughly 6-acre estate on Lake Austin is directly adjacent to a large ranch owned by technology magnate Michael Dell, Ramey said. It comprises a roughly 7,000-square-foot main house and three guesthouses, plus a private boat dock with space for two boats, Ramey said.

Owner Brett Ames, a real-estate developer, and his wife, musician Carolann Ames, acquired the land in 2014 and built the home for their family, he said. He declined to comment on how much he paid for the land; there are no public records since Texas is a…

478 Views, 0 Comments

"Massive luxury community set to break ground west of Austin"

Austin Business Journal reports, "the first phase of construction on Thomas Ranch, a 2,200-acre luxury community near Spicewood, is set to begin later this month.

Salt Lake City-based developer Areté Collective LP plans to break ground June 15, according to an announcement from late May. The first-phase neighborhood will be called Loraloma and have more than 400 homes and a golf course — although a builder is still needed.

Loraloma will be home to about 450 cottages, villas, estates and custom homesites, said Joe Rentfro, Thomas Ranch managing director.

"Our intention was to cater to a wide variety of individuals seeking a fresh take on Hill Country living without sacrificing the culture that rests at Austin’s core," Rentfro said.

To that…

406 Views, 0 Comments

"1,200-home Adelton neighborhood rising in Bastrop"

Austin Business Journal reports, "work is underway on a 348-acre mixed-use neighborhood in Bastrop and the search is on for commercial tenants to set up shop on three sites.

Homebuilders broke ground in October on the master-planned development, called Adelton, off State Highway 21 and Farm-to-Market 20. Plans call for 1,200 homes, 125,000 square feet of commercial space, four miles of trails and 50 acres of parks, according to a May announcement from developer West Bastrop Village Ltd., an entity tied to Austin-based Benchmark Land Development Inc.

Phase one of the project, which is estimated to take 10-15 years, is underway with homebuilders David Weekley Homes and Empire Communities already completing two model homes. Developers are now eager…

397 Views, 0 Comments

"Private developer plans to build 600-acre public park in east Austin"

KXAN reports, "a private developer plans to fund and construct a 600-acre public park in east Austin that will one day be donated to the city of Austin and its park system.

Douglas Gilliland, the managing director for Taurus Investment Holdings, describes the park as the “Zilker Park of east Austin.” The new public park will almost double the size of Zilker, will be sandwiched between Walter E. Long park and the East Metropolitan park, and will tie in to Travis County’s 14-mile public trail system.

Cost and scope of the project

Gilliland said the project will be privately funded and cost $8 million to complete. The park will be built and designed over the span of six to seven phases in the next seven years. Gilliland said he is hoping to complete…

370 Views, 0 Comments

"Georgetown is the fastest-growing city in the U.S."

Austin Business Journals reports, "for the second year in a row, a city in Williamson County was estimated by the U.S. Census Bureau to be the fastest-growing city in the country. It was one of three Austin-area cities that ranked among the top four.

Georgetown reached a 2022 population estimate of 86,507. That's a 14.4% year-over-year increase, according to a May 18 release from the U.S. Census Bureau. That ranked just ahead of Santa Cruz, California (61,800, +12.5%), Kyle (57,470, +10.9%) and Leander (74,375, +10.9%) among cities with a population of at least 50,000 people.

"Job growth in Georgetown and across the Austin metro continues to bring new residents to our city," Georgetown Mayor Josh Schroeder said in a May 18 statement. "People are…

397 Views, 0 Comments

"Suburbs are setting the pace for migration. But patterns are shifting."

Austin Business Journal writes, "when it comes to population growth during the Covid-19 era, large suburbs are shining. Urban centers and rural counties? Not so much.

That’s according to new data from the U.S. Census Bureau with updated population estimates for 2022. 

Nationally, counties with populations of at least 250,000 in 2020 grew by an average of 0.84% between 2020 and 2022. For all counties, the average was 0.44%.

But a closer look at the data shows the strongest growth was generally in ring counties — suburban counties located within the nation's largest metro areas.

Among counties with at least 250,000 residents, the top counties for percentage growth were St. Johns County, Florida (located in metro Jacksonville); Hays County,…

354 Views, 0 Comments

"Austin housing prices are down one year after setting spring records"

Austin Business Journal writes, "one year after setting a median sales price record of $550,000 last April, housing prices are down in the metro.

The median sales price in the Austin area was $466,705, a 15% year-over-year decrease that amounts to $83,295, according to the Austin Board of Realtors April market report. And while prices have been trending up in recent months, the year-over-year decrease is a welcome signal to Central Texas, which saw housing prices skyrocket at unsustainable rates during the Covid-19 pandemic to a level where many buyers were over-bidding on property. It wasn't uncommon for a $400,000 home to sell for closer to $500,000 in recent years.

“This is still a market that is seeing lots of activity, just not at a…

421 Views, 0 Comments

"The Austin housing market is outperforming national trends, latest report shows"

CultureMap Austin shares, "housing inventory is on the rise, as is the number of days houses spend on the market, while prices are steadily falling. That spells another month of a balancing act in the Austin-Round Rock housing market, according to the latest report from the Austin Board of Realtors (ABoR).

“This is still a market that is seeing lots of activity, just not at a record-setting pace, and that is to be expected given broader economic trends,” said 2023 ABoR president Ashley Jackson. “Home prices are moderating, pending sales are holding strong, and homes on the market last month are selling closer to list price. These are all signs of a market that is still balancing and doing so in a healthy way.”

Housing inventory has continued to…

386 Views, 0 Comments