Higher end buyers are not bothered by higher interest rates and/or they are still paying with cash. That means prime waterfront prices are still increasing. Specifically on Lake LBJ, the luxury 2 million+ lake house market is still surging.
- Lake LBJ currently has 22 waterfront homes that are pending, with an average list price of $2.35M.
On the other hand, with water levels down, lake houses on Travis and Buchanan are seeing prices and activity drop drastically.
- Lake Buchanan and Lake Travis have only 5 waterfront homes that are pending, with an average list price of $1.05M.
*Sources: ABOR and HLAoR
September 2022