Volume No. 16
Residential Properties in Austin $1 Million and above
Number of Luxury homes closed between
November 15 to November 21, 2020
There were 38 contracts closed last week at $1 million and above. 33 were single-family homes not located on lakefront property, 5 were lakefront property, and there was 1 condo in this week’s total. Total sales volume was $62,555,870.
Overall last week’s totals were on par from the previous weeks with little to no deviation from the previous totals. While we did see a condo in the mix this week, it was located on lakefront property and not downtown.
Contacts signed is something I always look at as well. After I pulled the data for contracts signed and saw that 48 homes went into contract last week I was happy to see the market is very much alive and well in Austin and its surrounding areas.
3503 Lajitas, in Lender closed at $2,450,000 a whopping $125,000 or 5.4% over the asking price of $2,300,000. Also, it was only on the market for a total of 19 days before entering contract. The home is 6,504 square feet, featuring 5 bedrooms and 6 bathrooms. The home was built in 2008 but was recently renovated and features a large pool, spa, waterfall, and cabana. The home was listed by Tamara Wise of Keller Williams Realty.