Buying a luxury house in New York or California can be cheaper than the offerings in Austin, Texas, where the entry-level list price is $2.34 million. Here's what it's like inside one of the hottest markets.
For Joe and Cristina Prusz, making the decision to move their family to Austin, Texas, from Santa Monica, Calif., was the easy part. But findingThe Pruszes with their kids Hudson, 10, and Marlowe, 5
The Pruszes, who began the hunt last fall, were outbid on the first home site they chose, then lost the second in a last-minute bidding war. When they first saw a new 5,200-square-foot, five-bedroom home under construction in Tarrytown in September last year, the $4.3 million list price seemed too high. Two months later,They offered full asking price for the home in November 2020, closing in July.said Mr. Prusz, who sold the family’s 3,200-square-foot Santa Monica home for $3.945 million in December last year.
with the price per square foot for upscale homes jumping at a faster rate than those in New York and California metropolitan areas in the first three quarters of 2021.Home sale prices aren’t publicly recorded because of Texas nondisclosure laws. That has fosteredwhere high-price pocket listings are bought and sold without ever hitting the multiple-listing service.drawn by the region’s burgeoning tech industry.
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