Posts Tagged ‘Austin’

Austin Luxury Homes Brokerage Regent Property Group Releases Luxury Real Estate Statistics July 2013 Report

Sunday, August 4th, 2013


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

Website Specifically For Home Sellers Launches in Austin

Friday, June 21st, 2013


Austin, Texas (PRWEB) June 18, 2013

The summer sales season has seen a hot market here, and inventory is moving fast. It is during this time of year that the real estate market becomes especially active, as more than half of home sales occur at this time. And though this year has seen very low home inventory levels, and price increases due to demand, it is still of utmost importance to properly plan before placing your home on the market. It is for this reason that listing specialist Vik Vad, of Cantera Real Estate, has launched a new website, SellHomeAustin.com, to educate sellers on the steps to take to effect a successful transaction, and to get top dollar for the home, in the shortest amount of time.

The first question most people ask themselves is “What is my house worth?”, even before doing anything else. This leads the homeowner to the internet, where information is available, but can sometimes be outdated, or just inaccurate. However, the new web portal allows for a seller to search the Austin MLS, and therefore to gain an idea of what other area homes are being priced at, and simply to see what kind of competition is currently there. After doing this, the next step is to ask a real estate agent to do a CMA, or comparative market analysis. This is a more detailed look into not just other available homes on the market, but into homes that have actually sold recently, at what price, and what the terms of the sale were. A CMA also makes adjustments to the comparable properties, taking into account differences in the homes, such as square footage, lot size, number of beds and baths, and other conditions.

Next, it is important to prepare the house for sale. With proper curb appeal, cleanliness, and staging of the home, it will eventually attract more buyers, and it will raise the potential asking price for the property. Some steps to make the exterior inviting from the start are to paint the home, and mow and landscape the yard to create a good first impression. The interior can then be decluttered, well lit, with the rooms tidied up, and even furniture and furnishings placed in a pleasing manner to make buyers feel at home right away. Any repairs can also be done beforehand so that the house looks well maintained, and do not get brought up later if the buyer conducts an inspection.

The website then outlines further steps to sell your home, such as a proper marketing plan coupled with market updates, to keep the homeowner aware of changing market conditions, while advertising it in the most effective way. Details are also provided regarding negotiations that are inevitable when a buyer makes an offer, depending again on market conditions, and the seller’s timeframe parameters. And finally, a whole host of issues is addressed from the time the home goes under contract, until the time of closing, so that a potential home seller can rest assured that this usually stressful transaction goes smoothly from start to finish.







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Real Estate Technology Conference – XPLODE Austin TX

Thursday, June 13th, 2013

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

Thursday, May 30th, 2013


Austin, Texas (PRWEB) May 28, 2013

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 Austins 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 ofREALTORS

Austin Real Estate Sales Strong for Early 2013, report the Regent Property Group Austin Home Search Experts

Friday, February 22nd, 2013


Austin, Texas (PRWEB) February 18, 2013

Austin real estate brokerage Regent Property Group found that sales in the Austin real estate market in 2013 are proving to be a continuation of the strong upward trends found in 2012. Notably, Austin experienced a 21.25% increase in homes sold, a 14.54% increase in median sold prices, and a 29.33% decrease in days on the market when comparing January 2013 to January 2012.

We have every indication that Austins real estate market is tightening and will continue to do so in the near future, said Brian Talley, founder of Regent Property Group. Austin is experiencing heavy demand for existing homes, offers one of the best job markets in the nation, and is home to an excellent quality of life. All of the integral pieces are in place for a strong 2013.

Between January 1, 2013 and February 11, 2013, there were 625 single-family homes sold within the Austin city limits with a median sold price of $ 127.79 per square foot ($ 259,000.) During the same time period in 2012, there were 610 homes sold with a median sold price of $ 116.70 per square foot ($ 230,000.) Average days on the market for those dates in 2013 equaled 53, versus 78 in 2012. This represents a 2.46% increase in the number of homes sold, a 9.50% increase in the median sold price per square foot, a 12.61% increase in sold prices, and a 32.05% decrease in days on the market.

Active homes within Austin demonstrate there is more optimism within the real estate market: with 1,425 single-family homes for sale as of 2/11/13, the median list price is $ 154.81 per square foot, for a median list price of $ 415,802. Data also shows a 35% decrease in homes for sale, compared to the 2,209 single-family homes for sale on 2/09/12.

Regent Property Group was founded by Brian Talley. He is ranked among the top 1% ofselling agents out of the 5,313 Austin Board ofREALTORS