Eleven Oaks Realty is proud to present their January 2020 Austin Luxury Real Estate Price Report measuring market activity in the Austin area single family home market priced at $1 million or over. Our January 2020 Austin Luxury Real Estate Price Report covers the luxury market in the following Austin metro area counties: Travis, Williamson and Hays.
Number of Luxury Homes Listed for Sale Up 31%
In January 2020, there were 152 luxury homes introduced to the market compared to 116 in January 2019, marking a 31% (36 home) increase in year over year numbers. This was an especially active January in the Austin luxury real estate market.
Austin Luxury Homes Under Contract Saw a 34% Increase
In January 2020, 78 luxury homes went pending in the Austin area compared to 58 in January 2019, marking a 34% (20 home) increase in year over year numbers.
17% Decrease in the Number of Luxury Home Sales in Austin
In January 2020, 39 luxury homes sold compared to 47 luxury homes in January 2019, marking a 17% (8 home) decrease in year over year numbers.
Austin Luxury Housing Inventory Down 20%
In January 2020, there was 6.9 months of inventory on the Austin luxury real estate market compared to 8.6 months in January 2019 – a 20% (1.7 month) decrease in year over year numbers.
Time to Sell Luxury Home in Austin Saw a 10% Decrease
In January 2020, it took 86 days to sell a luxury home in Austin, on average, compared to 96 days in January 2019, marking a 10% (10 day) decrease in year over year numbers.
Austin Median Luxury Home Price Saw a 12% Decrease
This month, the median home sale price of a luxury home in the Austin area saw a 12% ($166,363) decrease in year over year numbers. The median home price in January 2020, when you consider homes that sold for $1 million or more, was $1,258,637 compared to $1,425,000 in January 2019.
Median home price helps us see the distribution of homes sold and does not really give us an indication of the increase or decrease in a particular home’s market value. To analyze market value, we’d have to take an in depth look at a neighborhood. If you’re looking for something like that, please check out our Austin Home Values Report.
10% Increase in the Number of Homes on the Luxury Market
In January 2020, there were 655 luxury homes for sale in the Austin area, compared to 598 in January 2019, marking a 10% (57 home) increase in year over year numbers.
Number of Luxury Homes Taken Off the Market Saw No Change
In January 2020 there were 39 luxury homes taken off the market compared to 39 in January 2019, showing no change in year over year numbers.
Did your home expire? Check out our Austin Home Not Selling resources page to find out why.
Luxury Supply Up 10% – Luxury Demand Down 17%
This month we saw a 10% increase in luxury housing supply (number of properties for sale) and a 17% decrease in luxury demand (number of sold properties).
Median for Sale Price Saw a 3% Increase – Median Sold Price Saw a 12% Decrease
In the Austin area, we saw a 3% increase in median for sale price of a luxury home, while the median sold price of a luxury home saw a 12% decrease in year over year numbers. The median for sale price of a luxury home was $1,695,00 in January 2020 compared to $1,650,000 in January 2019 marking a 3% ($45,000) increase in year over year numbers. The median sold price of a luxury home was $1,258,637 in January 2020 and $1,425,000 in January 2019, showing a 12% ($166,363) decrease in year over year numbers.
Source: Clarus Market Metrics, ACTRIS Sold Data
January 2020 Austin Luxury Home Sales Map
All of the Austin luxury single family homes that sold in January 2020 were west of 35, south of 183 (with the exception of 1) and north of 290 (with the exception of 2). Here is a map of the 40 Austin luxury homes that sold in January 2020.
Source: ACTRIS, Home Sales in Travis, Williamson and Hays County Over $1 Million in January 2020
More Data on Austin Luxury Home Sales January 2020
Here is some additional data on the 40 luxury homes that sold in Travis, Williamson and Hays Counties in January 2020. These 40 homes sold for $1 million or more.
- 1 luxury home that sold was a Foreclosure (Bank Owned)
- 1 luxury home was Waterfront
- 25 luxury homes were in the Austin ISD
- 1 luxury homes was in the Dripping Springs ISD
- 3 luxury homes were in the Eanes ISD
- 0 luxury homes were in the Georgetown ISD
- 0 luxury homes were in the Hays ISD
- 5 luxury homes were in the Lake Travis ISD
- 4 luxury homes were in the Leander ISD
- 1 luxury home was in the Round Rock ISD
- 1 luxury home was in the San Marcos ISD
- 0 luxury homes were in the Wimberley ISD
- 5 luxury homes were in Gated Communities
- 16 luxury homes were in HOA’s
- 14 luxury homes had Pools
- 11 luxury homes were on Septic Systems
- 37 luxury homes that sold were located in Travis County
- 1 luxury home that sold was located in Williamson County
- 2 luxury homes that sold were located in Hays County
Source: ACTRIS, Home Sales in Travis, Williamson and Hays County Over $1 Million in January 2020
Source: ACTRIS, Luxury Homes for Sale in Travis, Williamson and Hays Counties
January 2020 Luxury Real Estate Price Report – Strictly Numbers
For those of you who prefer to see the actual numbers, we’ve listed the figures for January 2020 Austin area luxury home sales below. The most expensive luxury home that sold in January 2020 sold for $4,199,000 and the least expensive luxury home sold for $1,000,000. Austin luxury homes ranged in size from 1,838 sqft – 7,887 sqft with an average size of 3,961 sqft. The average price per square foot for a luxury home that sold in Austin in January 2020 was $370.93 with the lowest being $152.38/sqft and the highest being $598.48/sqft. It took, on average, 106 days to sell a luxury home in Austin and sellers received, on average, 92.49% of their original list prices.
| Beds | Baths | SqFt | List Price | LP/SqFt | Sold Price | SP/SqFt | SP/LP | SP/OLP | ADOM | |
|---|---|---|---|---|---|---|---|---|---|---|
| Min | 3 | 2 | 1,838 | $1,020,000 | $159.71 | $1,000,000 | $152.38 | 82% | 67.69% | 0 |
| Max | 6 | 9 | 7,887 | $4,199,000 | $625.68 | $4,199,000 | $598.48 | 113.76% | 113.76% | 519 |
| Avg | 4 | 4 | 3,961 | $1,429,138 | $383.78 | $1,384,701 | $370.93 | 96.74% | 92.49% | 106 |
| Med | 4 | 4 | 3,939 | $1,292,500 | $393.58 | $1,254,319 | $387.47 | 96.58% | 93.14% | 81 |
| Search Criteria | |||
|---|---|---|---|
| Status | Sold | Sold Date | Jan 20 |
| Property Type | Single Family Homes $1MM+ | Number Sold | 40 |
| Source: | ABoR Sales Data | Area | Travis, Hays, Williamson Counties |
Luxury Homes for Sale Around Austin
Here is a map view of the 420 luxury homes currently for sale in the Austin area as of February 17, 2020. 353 are located in Travis County, 19 are located in Williamson County and 48 are located in Hays County.
Considering Buying or Selling a Luxury Home in Austin?
Our team of Austin luxury real estate market specialists know the market well and can help you get the best deal possible. For more info about our team and how we work, check out our Austin Home Buyers and our Austin Home Sellers sections. Then, call us at (512) 872-8323 or email us at info@11OaksRealty.com to schedule a consultation.
Questions About the Austin Luxury Real Estate Price Report?
Do you have questions about this Austin Luxury Real Estate Price Report? Call us at (512) 827-8323 or email us at info@11OaksRealty.com and we’ll help you in any way we can.
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