Austin, Texas (PRWEB) July 31, 2013
Boutique Austin luxury homes brokerage Regent Property Group is reporting that 265 homes have sold over the million dollar mark in Austin, Texas year to date (January 1 to July 30, 2013.) The high sold price so far this year is $ 5,860,000 (about $ 755.12 per square foot,) the average sold price is $ 1,599,562 (about $ 320.44 per square foot,) and the median sold price is $ 1,365,000 (about $ 299.03 per square foot.)
Average and median sold prices continue to increase for Austin luxury homes, said Regent Property Group founder Brian Talley. We saw them rise about another $ 20,000 this month, and with days on the market continuing to shrink, we might see even more in the way of price increases.
The average days on the market for luxury homes sold thus far in 2013 is 100, with 44 as the median. The average days on the market for luxury homes sold in June 2013 was 67, with 42 as the median.
Talley commented that these statistics are based upon Multiple Listing Service information and that some of the highest priced homes are sold independently of a listing service. These statistics show us trends, certainly, but there is even more going on in the luxury real estate market than these indicate. Luxury brokers such as Regent often handle private deals that would skew the statistics even higher.
Regent Property Group has proven itself to be a leader in the Austin luxury homes market, across areas: from master-planned resort communities such as Barton Creek to waterfront homes on Lake Austin to golf course frontage homes.
June 2013 saw 46 luxury homes sold, with a high sold price of $ 4,875,000 (about $ 581.81 per square foot,) an average sold price of $ 1,561,126 (about $ 306.23 per square foot,) and a median sold price of $ 1,340,000 (about $ 295.28 per square foot.)
There were 350 Austin luxury homes – properties listed for sale over $ 1 million – in the MLS as of July 30, 2013. The high list price for these homes was $ 14.5 million, with an average list price of about $ 2.38 million (about $ 404 per square foot) and a median list price of $ 1.74 million (about $ 341 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 ofREALTORS
