Austin’s Luxury Housing Market Continues to Expand

With the real estate market in and around Austin remaining strong, it only makes sense that the luxury real estate market is responding. Let’s take a look at some interesting statistics regarding Austin’s luxury home market (i.e. homes which sell for more than $1 million):

· As of July 2008, there were more than 608 homes on the market in the Austin area which were priced over $1 million.

· Seventy-eight of those homes were priced over $3 million.

· Six of those homes were priced at over $10 million.

· Between January 1, 2008 and July 1, 2208, 113 luxury homes were sold in the Austin area (Source: American Chronicle, July 2, 2008).

Just some of the areas in which these luxury homes are located include Lake Travis, Mirador, Barton Creek and West Hills Lake.

Exceptional Amenities

So what can you expect when purchasing a luxury home in Austin?

Most luxury homes are built on the water and many are centered around championship golf courses. For a glimpse of some of the amenities afforded to residents of luxury home communities, take a look at the Horseshoe Bay Resort, a resort and residential community which is situated along the shores of Lake LBJ. Its community amenities include:

• An airport and jet center, as well as charter jet service
• A 349-room, Horseshoe Bay Resort Marriott Hotel & luxury villa rentals
• Twelve tennis courts
• Four swimming pools
• A white sand beach
• Five restaurants
• A full-service marina
• A first-class spa and fitness center

Some of Austin’s other luxury communities include Barton Creek Lakeside, the Hills of Lakeway and Lago Vista.

Barton Creek Lakeside, which is nestled along the shores of Lake Travis and is just 30 minutes from downtown Austin, includes a private marina and boat ramp, a private country club, an Arnold Palmer golf course and a 24-hour, manned security gate.