Austin, Texas Luxury Home Sales Increase 75 Percent Month to Month for May 2013, Reports Austin Home Search Leader Regent Property Group

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The number of sold luxury homes in Austin rose more than 75 percent from March to April 2013, according to the Austin luxury real estate statistics report completed by Regent Property Group, Austin’s premier luxury home brokerage.

Austin luxury homes for sale

Home with view of Lake Austin

Usually the most desired homes in town are Lake Austin frontage properties, but we also have so many beautiful homes throughout the area that buyers have a variety of options to suit their lifestyles.

Regent Property Group analyzed Austin luxury home sales and determined closings are continuing to rise at a rapid pace, as an integral part of an energized Austin real estate market. Sixty-five Austin luxury homes - those listed over $1 million - sold in April, compared to 37 in March, for an over 75 percent increase in closed properties. The highest sold price, the average sold price, and the median sold price for the month to month comparison also increased.

In April 2013, the 65 luxury homes that sold had a high sold price of $5,860,000 (about $703 per square foot,) an average sold price of $1,695,232 (about $338 per square foot,) and a median sold price of $1,444,000 (about $308 per square foot.)

Regent Property Group Founder Brian Talley explained that Austin’s luxury homes include most of the waterfront homes on Lake Austin and many homes within Eanes ISD, as well as some areas of central Austin. “Usually the most desired homes in town are Lake Austin frontage properties, but we also have so many beautiful homes throughout the area that buyers have a variety of options to suit their lifestyles,” he said.

As of May 23, 2013, 348 Austin luxury homes were for sale. The high list price for these active homes was $14.5 million and about $1797 per square foot. The “average” luxury home was listed at $2,374,093 (about $407 per square foot,) and the median luxury home was listed at $1,795,000 (about $339 per square foot.)

Year to date (January 1 to May 23, 2013,) 160 luxury homes sold in Austin, with a high sold price of $5.86 million (about $755 per square foot,) an average sold price of $1,568,544 (about $317 per square foot,) and a median sold price of $1,321,500 (about $295 per square foot.)

Regent Property Group is the brokerage of leading experts on luxury properties and regularly monitors and analyzes statistics and provides supplementary data for clients, such as this blog sharing the difference between a mansion and a luxury home and a luxury home lingo guide for those beginning a new home search.

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.

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