A $3.25 million listing in Austin, one of the slowest luxury markets in the country, found a buyer in just three days.
The sellers of 9600 Veletta Place, Kenneth and Debora Plifka, listed the Barton Creek home on Nov. 3, and it went under contract Nov. 6, according to the Eklund Gomes Team’s list of the most expensive sales in Austin.
The three-bedroom, four-bathroom main house was built in 2014 and shares an acre lot with a one-bedroom, one-bathroom casita, linked by a covered porch. Its asking price amounts to $840 per square foot. A Barton Creek Country Club social membership comes with the property.
Compass Real Estate agent Charlotte Lipscomb had the listing.
A three-day listing would be fast anywhere, but it’s especially swift for Austin. Luxury sales averaged 83 days on the Austin MLS last week, according to the Eklund Gomes Team. Austin luxury homes spent a median of 90 days on the market in September, according to Redfin. That makes Austin the fifth-slowest metro for luxury in the country.
The top sale in Austin last week spent much more time in the market. Another Barton Creek home, a Heyl Homes construction at 4717 Peralta Lane, listed for $5.95 million in April, left the market in June and relisted in September, according to Zillow. It was asking $5.5 million when a deal was struck on Nov. 5.
The quick turnaround of 9600 Veletta Place may suggest that Austin sellers are adjusting to the buyer’s market shift, with overpriced properties gradually giving way to more sober asks on the MLS.
The top two deals last week were similarly bifurcated: Both homes were in the same neighborhood, but the first sold in 16 days with an unchanged asking price, while the second had a price cut and over 130 days on market.
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