A strong market has investors buying into this Texas town

Homes in this neighborhood near Austin are selling fast

TRD New York TRD WEEKEND EDITION /
Feb.February 24, 2018 12:00 PM

From back: Lake Austin, 2005 (Credit © 2005 Larry D. Moore, Max Pixel)

West Lake Hills is about 10 miles outside of Austin yet it is one of the most exclusive addresses, according to the city’s realtors.

Homes prices start at $600,000 and go all the way up to $30 million, according to Mansion Global, though the average prices are between $1.2 to $1.5 million.

The neighborhood’s demand is credited to its schools and suburb lifestyle while being only a short drive away from the city’s downtown core. The sustaining demand to buy in has also started attracting investors and second-home owners.

“Properties that are coming on the market that look nice and are priced well are selling quickly, often with multiple offers,” said Moreland Properties’ Joanie Capalupo. [Mansion Global]Erin Hudson


Related Articles

arrow_forward_ios
Porch CEO Matt Ehrlichman (iStock; Porch)

Porch CEO: SPAC deal gives us $200M and a clean slate

Porch CEO: SPAC deal gives us $200M and a clean slate
Toni Morrison and her former Tribeca home (Getty, BHS)

Toni Morrison’s Tribeca loft hits the market

Toni Morrison’s Tribeca loft hits the market
198 Washington Park in Fort Greene (Photos via Compass)

Fort Greene townhouse, 30 feet wide, led Brooklyn luxury sales last week

Fort Greene townhouse, 30 feet wide, led Brooklyn luxury sales last week
24 Leonard Street Unit 2 and 443 Greenwich Street Unit 2G (Douglas Elliman, Compass, Google Maps)

‘Incredibly quick’: $19M Manhattan condo deal done in a weekend

‘Incredibly quick’: $19M Manhattan condo deal done in a weekend
The National Association of Home Builders Housing Market Index reached a record high for the second consecutive month in October 2020. (iStock)

Building up: Homebuilder confidence hits new highs

Building up: Homebuilder confidence hits new highs
Guo Wengui and the Sherry-Netherland penthouse at 781 Fifth Avenue (Photos via Wikipedia Commons; Getty Images and Douglas Elliman)

Ensconced in the penthouse and entangled in lawsuits

Ensconced in the penthouse and entangled in lawsuits
Kaufmann Desert House (Courtesy Coastal Luxury Living)

Neutra-designed “crown jewel” of Palm Springs lists for $25M

Neutra-designed “crown jewel” of Palm Springs lists for $25M
Gov. Andrew Cuomo (Getty, iStock)

New York lost $755M in real estate tax revenue this year: REBNY

New York lost $755M in real estate tax revenue this year: REBNY
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...