Austin is well-known for being home to some of Texas’ most prominent citizens – and some of Texas’ most prominent luxury homes. Whether it’s the awe-inspiring waterfront homes on and along Lake Austin, golf course homes like those in master-planned resort communities such as Barton Creek, or central Austin high-rise condos, Austin can bring “high dollar” and “real estate” together like no other city in the state. And, whether you’re a politician, a tech boom baby, a media mogul, a business tycoon, or a lottery winner, Austin luxury homes likely offer just your style!
Ready to jump in? Test your luxury home know-how on Regent’s luxury home lingo page, and see if you understand the difference between a mansion and a luxury home. (It’s not as simple as you might think!)
Austin Luxury Homes for Sale
As of July 30, 2013, there were 350 active Austin luxury homes - properties listed for sale over $1 million - in the MLS. The high list price for these homes was $14.5 million, with an average list price of about $2.38 million (about $404 per square foot) and a median list price of $1.74 million (about $341 per square foot.)
Click here to view the active luxury home listings in Austin!
Sold Luxury Homes in Austin, Texas
Sold prices help REALTORS® and sellers determine the price to list their properties, and they also help REALTORS® and buyers determine how much to offer during contract negotiations. Here are sold prices for June 2013, with year-to-date (January 1 to July 30) sold prices for comparison.
Sold Luxury Homes June 2013
46 homes over $1 million sold
High sold price $4,875,000 (about $581.81 per square foot)
Average sold price $1,561,126 (about $306.23 per square foot)
Median sold price $1,340,000 (about $295.28 per square foot)
Sold Luxury Homes Year to Date (January 1 to July 30, 2013)
265 homes over $1 million sold
High sold price $5,860,000 (about $755.12 per square foot)
Average sold price $1,599,562 (about $320.44 per square foot)
Median sold price $1,365,000 (about $299.03 per square foot)
The average sold price and median sold price for the year have been inching up, each rising about $20k with June’s additional sales.
Average “days on the market” for luxury homes sold in June was 67, with 42 as median. Average “days on the market” for luxury homes sold so far this year is 100, with 44 as median.
View the Austin Luxury Statistics page to compare luxury home statistics from previous months and to learn more about Austin’s luxury property market.
Are you ready to live a luxury Austin lifestyle? Contact the luxury REALTORS® at Regent Property Group for information on available properties or to ask questions about specific homes for sale. Call today at 512.554.9714!