Posted by Turnquist Partners on Thursday, January 30th, 2014 at 8:31am.

Austin’s luxury home market revved up last year with nearly $883 million in sales for homes priced at $1 million or more.  555 million-dollar homes sold in 2013 — 182 more than in 2012.

The average square-foot price was $326 for homes in that category, $3 more per square foot than in 2012.  The downside is that the average price was $1,581,098, or $77,059, lower than in 2012. The median price was $1,338,069, or $19,478 lower than in 2012.

Million dollar homes spent an average of 106 days on the market in 2013, 33 days less than in 2012.

Mayfair International Realty members, Turnquist Partners specializes in upscale and luxury real estate, and there is no other company that understands the Austin market better. Their unsurpassed reputation is complemented by our longevity, and we have a team of over 80 experienced professionals eager to help you achieve your real estate goals. Whether you’re looking to buy or sell a luxury property, or a starter home, a condominium or a farm, choose Turnquist Partners, Austin Realtors®.