Eleven Oaks Realty is proud to present their September 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 September 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 62%
In September 2020, there were 209 luxury homes introduced to the market compared to 129 in September 2019, marking a 62% (80 home) increase in year over year numbers.
Austin Luxury Homes Under Contract Saw a 78% Increase
In September 2020, 162 luxury homes went pending in the Austin area compared to 91 in September 2019, marking a 78% (71 home) increase in year over year numbers. Pent up demand has unleashed in the Austin luxury housing market.
104% Increase in the Number of Luxury Home Sales in Austin
In September 2020, 184 luxury homes sold compared to 90 luxury homes in September 2019, marking a 104% (94 home) increase in year over year numbers.
Austin Luxury Housing Inventory Down 64%
In September 2020, there was 2.8 months of inventory on the Austin luxury real estate market compared to 7.8 months in September 2019, a 64% (5 month) decrease in year over year numbers. This is the lowest we’ve seen Austin luxury inventory in years. The Austin luxury real estate market is hot!
Time to Sell Luxury Home in Austin Saw a 9% Decrease
In September 2020, it took 58 days to sell a luxury home in Austin, on average, compared to 63 days in September 2019, marking a 9% decrease in year over year numbers.
Austin Median Luxury Home Price Saw a 2% Decrease
This month, the median home sale price of a luxury home in the Austin area saw a 2% ($23,750) decrease in year over year numbers. The median home price in September 2020, when you consider homes that sold for $1 million or more, was $1,438,750 compared to $1,462,500 in September 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.
21% Decrease in the Number of Homes on the Luxury Market
In September 2020, there were 689 luxury homes for sale in the Austin area, compared to 868 in September 2019, marking a 21% (179 home) decrease in year over year numbers.
Number of Luxury Homes Taken Off the Market Saw an 11% Increase
In September 2020 there were 79 luxury homes taken off the market compared to 71 in September 2019, showing an 11% (8 home) increase in year over year numbers.
Did your home expire? Check out our Austin Home Not Selling resources page to find out why.
Luxury Supply Down 21% – Luxury Demand Up 104%
This month we saw a 21% decrease in luxury housing supply (number of properties for sale) and a 104% increase in luxury demand (number of sold properties).
Median for Sale Price Up 3% – Median Sold Price Saw Down 2%
In the Austin area, we saw a 3% ($49,000) increase in median for sale price of a luxury home, while the median sold price of a luxury home saw a 2% ($23,750) decrease in year over year numbers. The median for sale price of a luxury home was $1,649,00 in September 2020 compared to $1,600,000 in September 2019 marking a 3% increase in year over year numbers. The median sold price of a luxury home was $1,438,750 in September 2020 and $1,462,500 in September 2019, showing a 2% ($23,750) decrease in year over year numbers.
Source: Clarus Market Metrics, ACTRIS Sold Data
September 2020 Austin Luxury Home Sales Map
All of the Austin luxury single family homes that sold in September 2020 were west of 35 (with the exception of 2), south of 183 (with the exception of 5), and north of 290 (with the exception of 7). Here is a map of the 184 Austin luxury homes that sold in September 2020.
Source: ACTRIS, Home Sales in Travis, Williamson and Hays County Over $1 Million in September 2020
More Data on Austin Luxury Home Sales September 2020
Here is some additional data on the 184 luxury homes that sold in Travis, Williamson and Hays Counties in September 2020. These 184 homes sold for $1 million or more.
- 0 luxury homes that sold were Foreclosures (Bank Owned)
- 24 luxury homes were Waterfront
- 85 luxury homes were in the Austin ISD
- 5 luxury homes were in the Dripping Springs ISD
- 34 luxury homes were in the Eanes ISD
- 2 luxury homes were in the Georgetown ISD
- 2 luxury homes were in the Hays ISD
- 37 luxury homes were in the Lake Travis ISD
- 10 luxury homes were in the Leander ISD
- 1 luxury home was in the Round Rock ISD
- 2 luxury homes were in the San Marcos ISD
- 1 luxury home was in the Wimberley ISD
- 50 luxury homes were in Gated Communities
- 85 luxury homes were in HOA’s
- 81 luxury homes had Pools
- 59 luxury homes were on Septic Systems
- 170 luxury homes that sold were located in Travis County
- 4 luxury homes that sold were located in Williamson County
- 10 luxury home that sold was located in Hays County
Source: ACTRIS, Home Sales in Travis, Williamson and Hays County Over $1 Million in September 2020
September 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 September 2020 Austin area luxury home sales below. The most expensive luxury home that sold in September 2020 sold for $5,150,000 and the least expensive luxury home sold for $1,000,000. Austin luxury homes ranged in size from 1,110 sqft – 9,674 sqft with an average size of 4,009 sqft. The average price per square foot for a luxury home that sold in Austin in September 2020 was $440.11 with the lowest being $190.22/sqft and the highest being $1,413.04/sqft. It took, on average, 55 days to sell a luxury home in Austin and sellers received, on average, 94.90% of their original list prices.
| | Beds | Baths | SqFt | List Price | LP/SqFt | Sold Price | SP/SqFt | SP/LP | SP/OLP | ADOM |
|---|---|---|---|---|---|---|---|---|---|---|
| Min | 1 | 2 | 1,110 | $975,900 | $197.69 | $1,000,000 | $190.22 | 66% | 66% | 0 |
| Max | 7 | 9 | 9,674 | $5,350,000 | $1,691.58 | $5,150,000 | $1,413.04 | 120% | 120% | 577 |
| Avg | 4 | 4 | 4,00 | $1,686,167 | $453.17 | $1,635,600 | $440.11 | 97.52% | 95.37% | 55 |
| Med | 4 | 4 | 3,917 | $1,497,000 | $411.11 | $1,438,750 | $407.97 | 98% | 96% | 22 |
| Search Criteria | |||
|---|---|---|---|
| Status | Sold | Sold Date | September 2020 |
| Property Type | Single Family Homes $1MM+ | Number Sold | 184 |
| Source: | ABoR Sales Data | Area | Travis, Hays, Williamson Counties |
Luxury Homes for Sale Around Austin
Here is a map view of the 471 luxury homes currently for sale in the Austin area as of October 9, 2020. 396 are located in Travis County, 47 in Hays County and 28 in Williamson 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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