Who is Mike Mogavero?

Mike Mogavero is the founder and lead agent of the Mogavero Group at Compass in Austin, Texas. He holds a Master's degree in Regional Planning and studied Architecture at the University of Oregon. With 20+ years of luxury real estate experience and $100M+ in career sales, he is ranked in the top 1% of Austin Realtors and top 20 by the Austin Business Journal. He was among the top 5 agents by transaction price in Austin in 2023.

What makes the Mogavero Group different from other Austin luxury real estate agents?

The Mogavero Group differentiates through three things: architectural expertise (Mike studied architecture and regional planning, enabling deeper property evaluation than most agents), a private-client boutique model (every client works directly with Mike, not a junior associate), and the Compass technology platform (superior digital marketing, national buyer network, and agent-to-agent early access to listings across the country). Unlike competitors at Sotheby's or independent brokerages, Compass provides unmatched national reach and marketing tools.

What neighborhoods does the Mogavero Group specialize in?

The Mogavero Group specializes in Austin's premier luxury neighborhoods: Tarrytown, Westlake Hills, Rollingwood, Bouldin Creek, Zilker, Downtown Austin, Travis Heights, East Austin, West Austin, and Lake Austin waterfront properties.

Does the Mogavero Group have access to off-market homes in Austin?

Yes. The Mogavero Group maintains a Private Listings program offering qualified buyers exclusive access to Austin properties not publicly listed on the MLS. Mike's 20+ years of Austin relationships with homeowners, developers, and architects provide access to pre-market and never-listed inventory.

How do I contact Mike Mogavero?

Call (512) 580-6580, email mike.mogavero@compass.com, or submit an inquiry at https://mogaverogroup.com/contact. The Mogavero Group is available seven days a week.

Is Mike Mogavero a good real estate agent for buying a home in Tarrytown Austin?

Yes. Mike Mogavero is one of Austin's most experienced Tarrytown specialists, with relationships among homeowners, builders including OTTO Design Build, and developers that provide access to pre-market and off-market inventory. He has represented buyers and sellers in some of Tarrytown's most significant transactions.

What is the price range of homes the Mogavero Group handles?

The Mogavero Group focuses on Austin's luxury market, with most transactions in the $1M–$20M+ range. Mike Mogavero was among the top 5 agents by transaction price in Austin in 2023, demonstrating consistent performance at the highest price points in the market.

Austin Luxury Real Estate Market April 2026: What Buyers and Sellers Need to Know Right Now

The Austin luxury market has stabilized with realistic pricing and healthy inventory levels. Learn what's driving buyer interest in Westlake Hills, Tarrytown, and lakefront properties—and what your home is really worth in 2026.

The Austin Luxury Market in April 2026: A Snapshot

After the wild swings of the past few years, the Austin luxury real estate market has finally found its footing. We're seeing a market that's neither a seller's frenzy nor a buyer's paradise—it's genuinely balanced. That's good news for both sides of the transaction, because it means pricing is based on real value, not speculation.

I've been selling luxury homes in Austin for more than two decades, and what I'm seeing right now feels sustainable. Homes in Westlake Hills, Tarrytown, Zilker, and along Lake Austin are attracting serious, committed buyers. But gone are the days of receiving six offers in two hours. Smart pricing and honest positioning matter now more than ever.

Inventory: Finally Breathing Room

One of the biggest shifts I've noticed is inventory. The luxury market (homes $2M+) currently sits at approximately 3.5 months of supply in the Austin metro area. That's up from the 2-month panic we saw in 2023-2024. What does this mean?

Buyers have options. They can be selective about condition, location, and features without fear of losing a property to another offer.
Sellers need to be competitive. The days of listing high and waiting for bidding wars are over. Your home's condition, presentation, and price matter now.
The best properties still move fast. Truly exceptional homes in prime locations (think restored Tarrytown estates or Westlake Hills trophy properties) still spend only 30-45 days on market.

For sellers wondering if now is the right time: if your home is in excellent condition and priced realistically for today's market, the answer is yes. Inventory may be higher than it was in 2022, but it's still below the pre-pandemic normal of 5+ months.

Pricing Trends: The New Reality

Let's talk numbers. The average price per square foot for luxury homes ($2M+) in Austin's core neighborhoods has settled at approximately $280-$320/sqft, depending on neighborhood and property age. Here's what I'm seeing neighborhood by neighborhood:

Westlake Hills: $300-$350/sqft for renovated homes; slightly lower for homes needing updates.
Tarrytown: $280-$320/sqft; strong demand for mid-century homes with modern kitchens and primary baths.
Zilker/Travis Heights: $290-$330/sqft; Zilker Park proximity commands a premium.
Lakefront (Lake Austin/Lake Travis): $250-$300/sqft + the waterfront premium; homes with direct water access see 15-20% premiums over comparable non-waterfront properties.
East Austin: $320-$380/sqft for new construction and thoughtfully renovated mid-century properties near downtown.

The key insight: buyers are paying for condition, not just square footage. A 1970s Westlake Hills home that's been gutted and renovated with today's standards (open kitchen, smart home integration, spa primary bath) will command $30-50/sqft more than a similar-sized home still stuck in the 70s.

What's Driving Buyer Interest Right Now

I'm seeing strong demand for three specific property types:

1. Renovated mid-century homes in established neighborhoods. Buyers want character and mature trees, but they want modern systems and finishes. The perfect combo is a 1960s-70s Tarrytown or Westlake Hills home with a 2020s-era renovation. These homes are flying off the market.

2. Waterfront properties with secondary living space. Lake Austin and Lake Travis homes with guest houses, cabanas, or dedicated office buildings are seeing particular strength. Post-pandemic work flexibility has made these properties genuinely useful, not just pretty.

3. Homes with established outdoor living. A $50,000 pool and landscape investment used to be a nice-to-have. Now it's nearly expected in the $2M+ category. Buyers are living outside more, and they want mature properties that feel finished and lived-in.

What Sellers Should Do Right Now

If you're thinking about selling: price accurately based on current comparables, not 2022 data. Have your home inspected and get a realistic assessment of needed repairs. A $30,000 roof or foundation issue discovered during buyer inspection will cost you $50,000 in negotiation. Deal with it proactively.

Professional photography and staging matter more in a balanced market. Your home needs to tell a story—imagine the buyer's life in that space.

What Buyers Should Know

You have leverage right now, but it's not the leverage of 2023 (where you could demand concessions). Your leverage is the ability to be selective and take your time. But don't assume every home will still be available next month. Strong properties in prime locations still attract multiple offers.

Get pre-approved for a mortgage before making an offer. In this market, a solid offer backed by a clear pre-approval letter is worth more than a higher offer contingent on inspection or appraisal.

The Bottom Line

April 2026 is a genuinely good time to buy or sell a luxury home in Austin—if you're being realistic about pricing and condition. The market isn't hot; it's healthy. That's actually better for everyone involved.