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Who is buying Second Homes in Austin?

There are a lot of people moving to Austin, Texas these days. Among them is a segment that has been growing substantially is the second and third home markets. Who is buying second homes in Austin? People from the North East who plan to retire in Texas because of our temperate climate and they want to start acclimating and enjoying the area now (the second home eventually becoming their primary residence), Hollywood celebrities and film producers buy here (Sandra Bullock, Matthew McConaughey, Natalie Portman, Drew Barrymore & Robert Rodriguez just to name a few), because its is such an eclectic and laid back scene (some call it "The South Coast", others say Austin's terrain and climate fells like some of the prettiest places in California, sands the Pacific Ocean), Wall street heavy hitters & Hedge Fund owners, Professional Athletes, Recording Artists, and now that Austin has the newest Formula 1 race track in the world (called Circuit Of The Americas) we have drivers and team owners purchasing here (Schumacher just purchased a ranch here among others). Some are buying here to avoid state taxes (Prop 30 has been great for our business) and protect their wealth while enjoying the seemingly affordable real estate prices for luxury homes here when compared to places like California, Florida and New York. I think also has to do with the fact that on any given evening you have 80 plus venues simultaneously showcasing great live music, we have multiple outdoor festivals throughout the year for art enthusiasts to music lovers with popular music festivals like ACL Fest, film and high tech festivals like SXSW, food and wine festivals you name it we got it and probably have the limited edition tee-shirt from the inaugural event. We are a very outdoorsy, animal friendly and a very healthy, young and educated city, we have multiple marathons and triathlons throughout the year, hike & bike trails, hundreds of parks, multiple lakes and we are very green with it comes to the environment. Austin was recently described by one of my California clients, who is relocating his high tech business and at least 100 employees here as "Silicon Vally in the 80's before they screwed it up". To sum it up I guess its the cool kids with plenty of disposable income that are finding their way Austin, Texas and then end up buying homes here...They don't want to go home, they want Austin to be home! Call Us when your ready to make your move to Austin! Gary Dolch mobile - 512-656-5627
  1. candyevanscandyevans04-12-2013

    Hey Gary if you could give me some specific examples I’d love to share this story on my blog: http://www.secondshelters.com/

    • garydgaryd04-13-2013

      Hey Candy, Tell me what you are looking for…I can’t give specific addresses because of confidentiality agreements. Thanks for coming to my blog site http://AustinLuxuryGroup.com!
      G

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