Austin Outperforms Other Texas Cities in Luxury Real Estate + Top Things to Do this Weekend

MLK Tribute Mural Located at Sam’s BBQ, 2000 East 12th Street | Photo by Austin.com

Happy Friday, Y’all! What a week it's been! So far like 2020, 2021 has also had its fair share of surprises and exciting tales for future history lessons.

The same is true for the Austin market. The surprise to me is how aggressive buyers have gotten with their offers! Woah! Despite this heightened competition, we still have buyers winning homes and sellers who are definitely over-the-moon-happy. Ultimately, I'm so grateful and privileged to be an American living in Austin, Texas working alongside this incredible team to help all of you with your real estate needs. If you're curious about your "new" home value, reach out and I'd be happy to have a conversation with you.

Let's Connect!

Austin Outperforms Other Texas Cities in Luxury Real Estate

With home sales rising month after month, we know that Austin's real estate market is still not slowing down. And now, a new Texas Luxury Home Sales Report reveals that Austin is outperforming all other major Texas cities in the luxury real estate sector as well

“The Austin metropolitan statistical area, or MSA, has had 1,534 homes sell for over $1 million between November 2019 and October 2020. This is a 41% increase over the previous year compared to the Texas average of just under 24%," says Christa McWhirter in a recent article from Austonia.com. McWhirter further shares that Austin’s luxury home sales are currently almost two times the Texas average.

Additionally, according to the Texas Luxury Home Sales Report, Austin’s luxury homes spend less time on the market at around 71 days compared to 78 days in Dallas, 79 days in Houston and 133 days in San Antonio.

Read the full article on Austin's luxury real estate boom from Austonia.com here.

Be in the Know

Your Guide to All Things

New & Noteworthy

in Austin

Austin Among Top Markets for Home Sales in Master-Planned Communities

Austin is a master when it comes to master-planned communities. A report released January 5 by RCLCO Real Estate Advisors shows Austin-Round Rock metro area is home to three of the 50 top-selling master-planned communities in 2020.

The three local communities on the list are

... keep reading.

Easy Tiger Opens Third Bakery and Beer Garden in East Austin

Local bakery and restaurant Easy Tiger is opening a third location in East Austin. The new location will open at 1501 East 7th Street (which was formerly event space 7co from Parkside Projects) in early February.

Easy Tiger is known for it’s German-tinged menu with items like pretzels, sausages

... keep reading.

Weekend Plans

Top Picks for Things to Do

in and Around Austin

Jan. 15-17

Online Exhibit: The Rise of the Honky Tonks, 1940-1950 in Austin

Get a fascinating dose of Austin history and culture this weekend from the comfort of your home by checking out Local Memory’s online exhibit, “The Wild Side of Life: The Rise of the Honky Tonks, 1940-1950.” The exhibit documents Austin’s Western Swing music scene during and after World War II. Click here to access the free online exhibit.

The Austin Flea at Radio, Coffee & Beer

Looking to support local artists and businesses? Then head to The Austin Flea this Sunday, Jan. 17 to pick up some local one-of-a-kind vintage finds and handmade items from a wide selection of talented Austin vendors. Browse and purchase unique, top-quality items such as jewelry, candles, bath products, home decor, artwork and more. Get the full details here!

Cheers!

Congrats to our clients for recently going under contract on their new beautiful home at 13408 Caballero Cove! It's a competitive buyers market in Austin right now, so we are thrilled we were able to help our clients win over multiple-offers!

Another big congrats is in order for our other clients whose gorgeous Chestnut charmer at 2803 E 14th Street received 21 offers and an amazing $100,000 over asking price! Wow!

We couldn't be more happy for our clients' successes.

13408 Caballero Cove

Lamplight Village

3 Bed | 2 Bath

Representing Buyer

2803 East 14th Street

Chestnut

4 Bed | 1.5 Bath

Representing Seller

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Lauren LeBlanc

Broker Associate, Ellevé Property Group
M: (512) 921-5678
O: 512.575.3644
lauren.leblanc@compass.com

The information contained herein does not purport to be complete nor, necessarily, accurate and should be independently verified; nor does it represent or constitute a legal analysis or financial advice. All of the financial projections and/or conclusions are provided for illustration purposes only. Compass and its agents disclaim any and all liability for representations and warranties, express or implied, contained in, or for omissions from, the information contained herein or any other written or oral communication transmitted or made available to the recipient. This represents an estimated sale price for this property. It is not the same as an opinion of value in an appraisal developed by a licensed appraiser under the Uniform Standards of Professional Appraisal Practice.

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Austin Outperforms Other Texas Cities in Luxury Real Estate + Top Things to Do this Weekend

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