Austin luxury homes are proving so desirable that even at the highest end, homes are selling above list price. Austin always has had an ideal reputation for its lifestyle, and now economic momentum is helping that desirability along even further.
Austin, TX (PRWEB) April 30, 2013
Almost twice as many Austin luxury homes sold in March 2013 compared to February 2013, according to Austin real estate brokerage Regent Property Group. In addition, the high sold price was about $1 million more than the previous month’s high sale, with a square foot price of $200 more. Average sold price increased by about $150k, and median sold price increased about $155k.
For terms of the statistics, Austin luxury homes were qualified as those listed over $1 million. Often these homes are shoreline Lake Austin properties, homes in Westlake Hills, and homes in central Austin. The Austin home search experts at Regent Property Group recently solidified their handling of many of these transactions through their acquisition of office space in Westlake. In addition, the real estate brokerage’s Austin home search site – a leading technological real estate site in Austin – continues to serve clients moving to Austin or investing in Austin real estate from all over the world.
“Austin luxury homes are proving so desirable that even at the highest end, homes are selling above list price. Austin always has had an ideal reputation for its lifestyle, and now economic momentum is helping that desirability along even further,” said Regent Property Group Founder Brian Talley.
As of April 29, 2013, there were 327 Austin luxury homes on the market, with a high list price of $15 million at $1,797 per square foot. The median list price among luxury homes was $1.885 million (about $352 per square foot,) and the average list price was about $2.35 million (about $401 per square foot.)
In March 2013, 37 luxury homes sold, with a high sold price of $4,280,000 (about $755 per square foot,) an average sold price of $1,515,946 (about $303 per square foot,) and a median sold price of $1,350,000 (about $295 per square foot.) From January 1 to April 15, 2013, 107 luxury homes sold, with a high sold price of $5,860,000 (about $755 per square foot,) an average sold price of $1,610,170 (about $319 per square foot,) and a median sold price of $1,350,000 (about $296 per square foot.)
About Regent Property Group
Regent Property Group was founded by Brian Talley, who has been ranked among the top 1% and 2% of Austin Board of REALTORS® members. He is a personal top producer, closing multi-million dollars of transactions for homes located all over Austin, in areas such as Lake Austin, Eanes ISD, Westlake, downtown, and more. During 2011, Brian was the #11 selling agent (#9 including off-MLS properties) for total dollar volume sold in the greater Austin area. Talley, a 5th generation Texan, formed Regent Property Group to serve the needs of Austin’s residential real estate clients, helping people buy and sell luxury homes in the greater Austin area. Contact: info (at) regentpg (dot) com.