Especially as we transition from an incredibly busy spring fueled by pent-up demand to a hot, active summer, we see more buyers searching for a perfect piece of Austin lifestyle. Of course, the most popular hotspot is a home on the shores of Lake Austin.
Austin, Texas (PRWEB) June 25, 2013
Two hundred thirteen homes over a million dollars have sold in Austin, Texas this year (January 1 to June 24, 2013,) yet another indication of Austin’s real estate prowess as a leading economy in the United States, reported brokerage Regent Property Group.
The median sold price for this segment of homes was $1,340,000, which equaled about $296.97 per square foot. The average sold price came in a bit higher, at $1,578,878, with a square foot price of $317.68. The most expensive home sold year to date (to June 24) reached $5,860,000 ($755.12 per square foot.) These numbers were relatively in line with May’s figures: a median sold price of $1,325,000 and an average sold price $1,556,300.
“Especially as we transition from an incredibly busy spring fueled by pent-up demand to a hot, active summer, we see more buyers searching for that perfect piece of Austin lifestyle,” said Regent Property Group Founder Brian Talley. “Of course, the most popular hotspot is a home on the shores of our cool, constant water level lake: Lake Austin.”
Regent Property Group has proven itself to be a leading informational and educational source for those interested in high end properties in Austin. It has published several popular resources online, including the ability to search for luxury properties that are available for sale. This resource is updated continually for a fresh and accurate portrayal of the Austin luxury homes market. Regent Property Group also compiles monthly statistics revealing the trends of list prices, sold prices, and general activity with luxury properties. These blog reports may be viewed on the Austin Luxury Statistics page.
In addition, Regent provides supplementary resources, such as articles describing the difference between a mansion and a luxury home and a handy, fun guide to the terms potential luxury buyers may come across in their home search, named the Luxury Home Lingo Guide.
Buyers considering purchasing properties in Austin will appreciate knowing that as of June 24, 2013, there were 357 active properties listed above the $1 million mark. These homes were in a diverse group Austin neighborhoods, including waterfront homes near Lake Austin and Lake Travis and master-planned resort communities such as Barton Creek. The high list price was $14.5 million, with an average list price of about $2.4 million and a median list price of $1.75 million.
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, or call today at 512.554.9714.