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Austin Luxury Homes Are Hot

Austin's multimillion-dollar home sales rate doubles, topping skyrocketing Texas markets

West Lake home
694 Windsong Trail Amelia Bullock Realtors
Pascal Lane home
90 Pascal Lane AustinHomeSearch.com
Academy Drive estate
210 Academy Drive AustinHomeSearch.com

Luxury home sales are on the rise across the state, with double-digit growth among Texas’ four main cities — and, in news that will surprise no one —Austin's market is the hottest.

The most recent report from the Real Estate Center at Texas A&M University shows that sales of homes $1 million and higher are up year-to-year in the state, based on sales between January and October 2013.

During that time, 439 luxury homes sold in Austin, making this the fastest-growing price class in the city, with a 55 percent increase from 2012 — more than double that of the 19 percent year-to-year increase of the housing market as a whole.

If you haven't had a chance to purchase your multimillion property yet, no need to panic. There are still plenty of luxury homes on the Austin market. Here are some of our favorites right now:

  • 2401 Portofino Ridge is one of the area’s popular castle-style mansions, boasting 16,722 square feet on 4 acres in Barton Creek. It’s listed at $9,950,00.
  • 90 Pascal Lane possesses one of only two existing docks at Lake Austin Rob Roy homes and is listed for $6,490,000.
  • 694 Windsong Trail has contemporary West Lake style, 5,770 square feet, 7 acres and 4 separate living areas for $2,950,00.
  • 2600 Ranch Road 620 N combines privacy with contemporary style on the Lake Travis shoreline for $4,100,000.
  • 210 Academy Drive proves the adage about location with a 1.2-acre historic estate pretty much steps from South Congress for $4,000,000. That’s just for the lot; the sellers are throwing in the as-is house, for what it’s worth (apparently not much).

In Houston, luxury home sales were up 46 percent, and 1,060 luxury homes were sold between January and October 2013.

In Dallas-Fort Worth, sales are up 22 percent, with 809 luxury homes sold in the area.

Only 86 luxury homes sold in San Antonio, but it was still an 8 percent increase compared to the previous year.

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