L
uxury homebuyers in Austin are making a strong push to close deals before the year ends, driving $19.8 million in sales last week after a Thanksgiving slump. According to the latest Eklund Gomes luxury report, seven high-end homes were sold or went into escrow, with prices ranging from $2 million to $5.25 million.
Buyers are "finally willing to put pen to paper and secure a great deal before year end," says Michael Reisor of Douglas Elliman's Eklund Gomes team. The average days on market decreased by 33-78 days last week, indicating that buyers are eager to finalize purchases.
A Tuscan-style estate at 700 Brandon Way topped the list, selling for $5.25 million in the Seven Oaks subdivision. This six-bedroom home features a butler kitchen, wine cellar, and two-story library. Four of the seven deals were located in or around West Lake Hills, where land is scarce and expensive.
Other notable sales include a three-bedroom home at 314 Reveille Road, asking $2.8 million, and two modern homes in the Bouldin Creek area, each priced around $2.5 million. These transactions demonstrate that luxury buyers are active in the market as the year winds down.
realestate
Austin high-end sales gain momentum heading into year's end
Austin luxury homebuyers surge back into action, closing $19.8M in deals after Thanksgiving slump.
Read More - realestate
realestate
Buyer found for Robin Williams' previous Seacliff residence
Seacliff home of Robin Williams sells after a year on the market
Read More - realestate
realestate
Potential for Development in Far North Side with Broadway Upzoning
Zoning proposal aims to transform Broadway on Chicago's Far North Side
Read More
realestate
Real's President Drives Success in Firm's Record-Breaking Year
Real Estate Brokerage Realizes Impressive Growth Under President Sharran Srivatsaa in 2024