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 June 2026: What Buyers and Sellers Need to Know Right Now

The Austin luxury market is showing signs of stabilization after two years of volatility. Current inventory levels, pricing trends, and buyer behavior have shifted significantly. Here's what you need to know before making your next move in Tarrytown, Westlake Hills, and beyond.

The State of Austin's Luxury Market in June 2026

If you've been watching the Austin luxury real estate market closely, you know we've been on quite a ride. After the explosive growth of 2022-2024, we're now in a period of meaningful correction and recalibration. But here's what matters: this isn't a crash—it's a reset to a healthier, more sustainable market.

I've been selling luxury homes in Austin for over two decades, and I can tell you with certainty that the conditions we're seeing right now present real opportunities for both buyers and sellers who understand what's actually happening.

Inventory: Finally, Breathing Room

For the first time since 2021, we have meaningful inventory in the luxury segment. Properties over $2M in my core markets—Tarrytown, Westlake Hills, Rollingwood, and Zilker—have gone from under 30 days on market to an average of 45-60 days. In some cases, we're seeing homes listed for 90+ days.

This is good news for serious buyers who've felt squeezed out of the market for the past three years. You now have selection. You have negotiating power. And you don't have to make an offer sight-unseen on a home you've only seen in photos.

The inventory picture varies by neighborhood:

Tarrytown: 8-12 active listings in the $1.5M-$4M range
Westlake Hills: 12-15 homes listed, mostly $2.5M and above
Zilker/Bouldin Creek: 6-10 active listings, highly competitive even with more inventory
Lake Austin waterfront: 4-7 homes, still the most sought-after segment

Pricing Trends: Correction, But Not Collapse

Let me be direct: luxury home prices in Austin are down roughly 12-18% from their 2024 peaks, depending on the neighborhood and property type. A home that listed for $3.2M in April 2024 might sell for $2.8M today. That's real.

But context matters. Even with this correction, prices remain 25-35% higher than they were in 2020. If you bought in Tarrytown in 2018-2020, you're still significantly ahead. The market didn't collapse; it simply overcorrected upward and is now finding equilibrium.

What's driving the correction? Several factors are at play: higher mortgage rates (currently 6.8-7.2% for jumbo loans), reduced investor activity, and a shift toward genuine owner-occupant demand rather than speculation. This is actually healthy.

Where Value Exists Right Now

If you're a buyer, here are the genuine opportunities I'm seeing:

East Austin Development Corridor: Properties in the $1.2M-$2.2M range are seeing strong interest and appreciation potential as the neighborhood matures. Less frothy than West Lake Hills, better fundamentals than 2023.
Tarrytown Fixer-Uppers: Homes needing significant updates are trading at discounts of 20-25%. If you have vision and budget for renovation, the upside is real.
Lake Austin Secondary Waterfront: Non-waterfront homes in Lake Austin subdivisions are priced attractively and offer lifestyle benefits without the $6M+ waterfront premium.
Rollingwood Acreage: Larger lots (1+ acre) are less competitive right now. If land and privacy appeal to you, this is a buyer's window.

For Sellers: Honesty and Realism Win

If you're selling, here's the truth: overpricing your home by 10-15% hoping for a bidding war is no longer a winning strategy. We've tried it—the market has spoken.

Smart sellers right now are pricing at 96-100% of current comps, ensuring their homes show brilliantly, and moving their homes in 45-90 days rather than sitting for six months and finally dropping price by 20%.

I've helped clients move luxury homes quickly by focusing on realistic pricing, professional marketing, and understanding that today's buyer is more selective and less desperate. The homes that sell fastest are those positioned honestly in the current market.

Mortgage Rates and Buyer Psychology

Jumbo mortgage rates have stabilized around 6.8-7.2%, which means carrying costs for a $3M home are roughly $1,800-$2,100 per month in interest alone. Buyers are much more rate-sensitive than they were in 2021-2022. This has created a natural ceiling on certain price points, but it's also shifted demand toward quality and established neighborhoods where appreciation is likely.

What I Tell Clients Right Now

For buyers: If you've been waiting for a buyer's market, this is it. Not crash-level pricing, but real opportunity if you're looking at the next 10-15 years. Don't wait for further drops—homes priced right are moving.

For sellers: Price right, show well, and accept that we're back in a market where value matters. The days of emotion-driven bidding are behind us.

Austin's luxury market will continue to be strong because the fundamentals—job growth, lifestyle, outdoor access, and quality of life—remain intact. We're just returning to earth after an extraordinary run.