Apart from the rest

Austin booms with the most new apartments in the U.S., report says

In the first half of 2020, Austin added more apartments than anywhere else.

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The coronavirus pandemic has brought many activities to a unsettling halt. But it has failed to blunt Austin’s apartment construction boom.

New data from Yardi Matrix, a supplier of commercial real estate data and research, shows more apartments were completed in Austin during the first six months of 2020 than in any other U.S. city. In the first half of the year, construction of 3,827 apartments was finished within the city of Austin, according to Yardi Matrix.

Right behind Austin on that list is San Antonio, where 2,871 new apartments hit the market in the first half of this year. Also in the top 20 are Houston, No. 7 with 2,085 apartments; Dallas, No. 8 with 1,869 units; and Farmers Branch, No. 18 with 1,161 units.

“Around the U.S., we have seen a variety of states, counties, and cities choose to close nonessential businesses for ‘stay at home’ or ‘shelter in place’ orders. For the most part, construction activity has been included as an essential activity that can continue with business as usual during these orders,” Doug Ressler, manager of business intelligence at Yardi Matrix, says in a release.

The entire Austin metro area is projected to complete 9,342 apartments this year, according to Yardi Matrix. In that category, Austin ranks fifth among U.S. metro areas. Compared with last year, completion of new apartments in the Austin area is expected to rise 9 percent in 2020.

“The popular Texas metropolitan area saw an increase of 62,000 residents from 2018 to 2019,” Yardi Matrix says. “In response to the high demand, Austin metro has been an active scene for new construction in the past five years, having completed over 50,000 new apartments since 2016.”

In the Yardi Matrix forecast, Dallas-Fort Worth eclipses all other U.S. metro areas for the number of new apartments predicted to be finished this year — 19,318. This would be DFW’s third year in a row to lead all metro areas for annual apartment construction, with New York City claiming second place.

While that’s an impressive amount of apartments, this year’s anticipated final total for DFW would be down 29 percent versus last year, Yardi Matrix says.

In third place for projected apartment completions in 2020 is the Houston metro area. Yardi Matrix foresees the region welcoming 10,404 new apartments this year, up 2 percent from 2019.

Coming in at No. 19 for predicted apartment completions this year is the San Antonio area, with 4,595 new units on taps. However, that total would represent a 20 percent jump over last year, putting San Antonio in fourth place for the percentage increase from 2019 to 2020.

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a barton creek paradise

$15.2 million Austin sanctuary is in the middle of a nature conservancy

The Sanctuary on Barton Creek, Austin home for sale

Photo courtesy of Peyton Skinner

The Sanctuary on Barton Creek sits on 24 acres of untouched Hill Country land.

Living on an expansive estate teeming with untouched nature and vegetation may seem like a priceless dream, but a lavish property in West Austin has a cost in mind: $15.2 million.

Photo courtesy of Peyton Skinner

The Sanctuary on Barton Creek sits on 24 acres of untouched Hill Country land.

The Sanctuary on Barton Creek is a 24-acre estate with an Austin address, although it is located near Bee Cave, a Hill Country suburb. The entrance of the property is double gated, and the area is completely surrounded by a 4,100-acre nature conservancy to provide a peaceful and private escape from the ever-changing landscape of the Texas capital.

The 7,931-square-foot main house contains seven spacious bedrooms, five full bathrooms, and one half bath. The listing, managed by Douglas Elliman sales agents Jeanne Parker and Julie Mack, describes the modernly updated home as a place where "elegance and comfort intertwine seamlessly."

The Sanctuary on Barton Creek, Austin home for sale The estate is a private and peaceful oasis.Photo courtesy of Peyton Skinner

The new Wolf appliances in the state-of-the-art chef's kitchen is a primary example of the sophisticated upgrades that have been completed on the residence. The primary bathroom has also been completely remodeled, where the next owners can be enamored with the privacy of the Hill Country while enjoying luxurious baths in the standalone soaking tub.

Another key feature of this home is its abundance of fireplaces, which can be found in bedrooms, living areas, balconies, and outdoors.

The property is also suited for hosting friends and family with two additional buildings: A fully equipped guest house, and a lofted "executive lodge" that can be used as additional guest quarters, game room, or executive office.

Like the rest of the residences on the estate, the executive lodge has breathtaking views of the Hill Country that can be admired from the spacious balcony or large windows. The space sits above a three-car garage that comes with a pull-through for a RV and a dog washing station.

The Sanctuary on Barton Creek, Austin home for sale The spacious executive lodge also comes with a kitchenette, making it suitable for hosting guests or using as an office.Photo courtesy of Peyton Skinner

All of the residences open up to the backyard pool area where guests can relax under the covered veranda, the patio, or take a dip in the resort-style custom designed pools. There's plenty of outdoor activities to enjoy if exploring the property's untouched 24 acres is a more appealing alternative to sitting by the pool.

"Enjoy honey made from the hives on the property which provide not only an agricultural exemption, but also promote a healthy environment for everyone," the listing says.

Guests are also welcome to go fishing or paddle boarding in Barton Creek, where the estate has more than 200 feet of grassy shoreline access to the water.

The property is zoned for Lake Travis Independent School District, and is situated just minutes away from the Hill Country Galleria in Bee Cave.

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