Austin's High-End Market
How’s the high-end market? I saw an article the other day that said UT Football coach Steve Sarkisian’s house is for sale. As it turns out, it’s been on the market since September 2022, started at almost $7.5 million, and is now just under $5.9 million. While a year and a half seems like a long time for a house to be on the market, it’s not so long in this price point. There are currently 84 homes priced at or above $5 million in the Austin MLS. There are four homes currently under contract. Over the past six months, 15 homes have sold at this price point. At that pace, if no more homes were offered for sale, it would take almost three years to sell all of these homes. That’s not encouraging news if you’re a seller, but it’s great news if you’re a buyer. If you’re in the market for a high-end home, reach out to me. Of course, I help people across all price ranges, so contact me today if you’re planning to buy this year.