Luxe Austin Homes - williamson county

"Austin metro tops 2.5M residents"

Austin Business Journal shares, "The Austin metro gained an average of about 159 people a day from 2023 to 2024. While that may sound like a lot, it's down slightly from a growth rate of 171 a day during the previous 12-month period.

According to new figures from the U.S. Census Bureau, the metro's population climbed by about 2.3% from July 2023 to July 2024, an addition of 58,019 people that brings its total to 2.55 million — the first time it has topped the 2.5 million mark. That factors in everything including people who move here, babies born here and deaths.

At 2.3% growth, that's a slight decline from the 2.6% clocked in the previous 12-month period, when the metro — which consists of Travis, Williamson, Bastrop, Hays and Caldwell counties…

44 Views, 0 Comments

"Santa Rita Ranch once again among top-selling neighborhoods in US"

Austin Business Journal reports, "For the fifth-straight year, Liberty Hill’s Santa Rita Ranch is the top-selling master-planned community in the Austin metro, and it's also in the top 20 nationally.

The sprawling neighborhood claimed the metro's title despite an overall drop in home sales compared to 2023, according to Robert Charles Lesser & Co.’s 2024 list of the best-selling master-planned communities in the nation. It came in at No. 18 nationally, with no other community in the Austin metro in the top 50.

Overall, 644 homes were sold in Santa Rita Ranch in 2024, compared to 742 in 2023, a 13% drop. In Texas, communities in Katy, Cypress, Aubrey and New Caney ranked higher on the national list.

“It was a busy year in Santa Rita Ranch,”…

62 Views, 0 Comments

"Where is Williamson County's population growing?"

Austin Business Journal shares, "With a population increase from 2020 to 2023 of 14.5%, Williamson County is clocking more new residents than all other counties in this fast-growing region.

So how do the suburbs there stack up to each other? We examined data Opportunity Austin pulled from the U.S. Census Bureau, looking at the population growth in the county’s incorporated places from 2020 to 2023, to figure that out.

Georgetown has been designated as the nation’s fastest-growing city of at least 50,000 people for the past three years, and it has been adding more people than any other city in the county. But, as the graphic indicates, Georgetown isn't the fastest growing, percentage-wise. Smaller cities have the advantage on that metric, and it…

72 Views, 0 Comments

"First-time homebuyers flock to Williamson County"

In October, the most recent data available, the median sales price of a home in Williamson County clocked in at $420,000 compared to $510,000 in Travis County and $565,000 in the city of Austin, according to the Austin Board of Realtors’ and Unlock MLS’ latest market data.

While the more affordable inventory in Williamson County is attractive to first-time homebuyers, the job market fueled by employers such as Apple and Samsung is also a major driver of demand in the region.

Kent Redding, ABOR's 2024 president, said buyers are comparing the average sales price of a home in Austin to other areas of the metro and deciding they simply can’t afford a house in Austin — especially at a time when mortgage rates are elevated.

The average 30-year…

71 Views, 0 Comments

"Planned 'new town' near Jarrell moving 'full speed ahead' — albeit behind the scenes"

Austin Business Journal shares, "About 18 months ago, representatives of Arizona-based DMB Development LLC unveiled initial plans for its long-anticipated Solana Ranch project near Jarrell. The effort called for billions of dollars of investment and construction of 14,000 homes and mixed-use buildings on more than 7,000 acres.

Elements of the project aren't yet visible on the sprawling site at the northern end of the Austin metro, but DMB President and CEO Brent Herrington said the company "is making tremendous progress and our current status is full speed ahead."

Split between Williamson and Bell counties, the planned development is among the most anticipated in the region. In early 2023, the Austin Business Journal first revealed plans for the…

1766 Views, 0 Comments

"More homes, commercial development on tap for Williamson County after MUD wins approval"

Austin Business Journal reports, "Hundreds of homes could soon rise in a new municipal utility district in Williamson County between Georgetown and Liberty Hill.

Williamson County Commissioners Court approved a development agreement for the MUD, called Hudson Park, on Oct. 1. The roughly 122-acre project from Sugar Land-based Ashton Gray Development will be built along Ronald Reagan Boulevard and feature single- and multifamily residences as well as commercial lots, Ashton Gray President Shaun Vembutty said.

It's another in Ashton Gray’s long project pipeline aimed at some of the more rural areas of the metro. The developer works on retail centers, master-planned subdivisions, multifamily projects, senior living communities and mixed-use…

108 Views, 0 Comments

Another big development appears to be on tap for booming Williamson County

Austin Business Journal shares, "Hundreds of acres between Hutto and Taylor are newly primed for development. 

That's because Williamson County commissioners approved a development agreement for a 343-acre municipal utility district at their Sept. 24 meeting. Little is known about development plans for the district — known as North Fork MUD — but it could bring with it a huge influx of homes.

For example, a similarly sized development, Trinity Ranch in Elgin, will have more than 1,700 homes.

Plano-based GRBK Edgewood LLC is the project developer for the North Fork MUD, and its listed address in the development agreement matches that of Plano-based Green Brick Partners Inc. (NYSE: GRBK). Green Brick didn't immediately respond to requests for…

98 Views, 0 Comments

"Two new housing developments planned for fast-growing Hutto"

Austin Business Journal reports, "Hutto’s wave of housing construction shows no sign of slowing, with two new projects in the works for the rapidly growing community northeast of Austin.

The two projects, discussed at a Hutto City Council meeting earlier this month, would add hundreds of housing units to the rural city, where the population has more than doubled over the past decade.

The first of the two projects, known as Meadowbrook, is being developed by Columnar Investments, said John Landwehr, Columnar’s Colorado and Texas executive director. Meadowbrook would rise on roughly 88 acres along Farm to Market 1660 on Hutto’s southeastern edge.

For now, plans for Meadowbrook call for around 325 to 370 attached and detached single-family…

103 Views, 0 Comments

"750-plus homes headed to Elgin to continue housing boom"

Austin Business Journal shares, "Elgin’s housing boom is set to continue after City Council approved an amendment to a previously approved development agreement that will allow the developer to build more dense housing in an upcoming master planned community.

The original development agreement for Southside Meadows, as the development is called, was approved in May 2023 and would have seen 526 single-family homes built, but that number has swelled to 763 with the amendment approved Sept. 3, according to the meeting agenda. The homes are being planned as developers descend upon Elgin to build thousands of new homes.

Developer Hariharan Kuppuraj owns the 174 acres where the master-planned community will be built along County Line Road, just south…

116 Views, 0 Comments

"Austin home sales slip as more buyers look outside the city, report says"

CultureMap Austin writes, "It's been a long-established trend that Austinites will relocate to a much more affordable part of town, even if it means sacrificing shorter work commutes and coveted Austin zip codes. The latest real estate report from Unlock MLS and the Austin Board of Realtors (ABoR) shows home sales have dropped in the Austin-Round Rock-San Marcos MSA, but are on a steady rise in neighboring Central Texas counties.

Residential home sales fell 3.5 percent year-over-year from July 2023, totalling 2,652 closed sales in the Austin-Round Rock-San Marcos MSA. Median prices have plateaued at $450,000 for the second consecutive month. With more than 3,800 new home listings added — a 0.3 percent drop from this time last year — the total…

118 Views, 0 Comments