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 Mid-2026: What You Need to Know Right Now

The Austin luxury market is entering a fascinating inflection point. After years of explosive growth, we're seeing a recalibration that's creating both challenges and unprecedented opportunities for informed buyers and sellers.

The Current State of Austin's Luxury Market

We're halfway through 2026, and the Austin luxury real estate landscape looks nothing like it did just eighteen months ago. After the frenzy of 2023-2024, when multiple offers and bidding wars were standard for properties above $2M, we've entered what I call a "normalization period." This isn't a downturn—it's a reset toward more sustainable market dynamics.

Let me be direct: this is one of the most nuanced markets I've seen in my career. The data tells a story of bifurcation. While entry-level luxury homes ($1.5M-$2.5M) have seen modest price corrections of 3-8%, ultra-premium properties ($4M+) with exceptional locations, views, or architecture are holding value remarkably well and, in some cases, appreciating.

Key Market Data Points

Inventory levels: Months of supply for homes over $2M sits at approximately 5-6 months—a dramatic shift from the 1.5-2 month levels we saw in late 2023. This is healthy inventory, but it means sellers can't rely on scarcity.
Price per square foot: In Tarrytown and Westlake Hills, we're seeing ranges of $550-$750/sf for quality builds, depending on age and condition. Ultra-prime lots (like those with Lake Travis views) command premiums of $900-$1,200/sf.
Days on market: The average luxury home now takes 45-75 days to sell, compared to 14-21 days in early 2024. Homes under 50 days typically had multiple offers or exceptional positioning.
Price reductions: Roughly 30% of luxury listings have seen at least one price adjustment, versus less than 10% two years ago.
Financing environment: With mortgage rates hovering around 6.2-6.8%, buyer financing is more competitive than it was in late 2025. This has materially impacted purchase power for the $2-4M segment.

What This Means for Sellers

If you're considering selling, timing and pricing are everything right now. Aggressive pricing no longer works. The days of listing at 10-12% above true market value with the hope that competition will drive bidding wars are over. Sellers who price within 3-5% of market value and invest in professional photography, staging, and strategic marketing are dominating the market.

Properties in our core neighborhoods—Tarrytown, Rollingwood, Zilker, and Travis Heights—are performing best. These established communities with mature trees, walkable appeal, and consistent schools have natural demand that transcends cycles. East Austin luxury development is still strong, particularly in Mueller and close-in neighborhoods, where younger buyers and empty-nesters remain active.

Here's my honest take: if your home is genuinely exceptional—whether it's a thoughtfully restored mid-century modern, a custom lakefront estate, or a newly built smart home with premium finishes—the market is absolutely there for you. But if you're hoping the market will reward a mediocre property at premium pricing, you'll be disappointed. The margin for error has shrunk.

What This Means for Buyers

If you're buying, this is the most favorable environment we've had since 2021. You have leverage you didn't have twelve months ago. Contingencies are more respected. Inspection periods are longer. Sellers are more willing to negotiate.

That said, don't mistake a buyer's market for a fire-sale market. Quality properties still sell quickly. In my experience, homes that are properly positioned—meaning well-priced, beautifully presented, and marketed to the right audience—still attract serious interest and competitive offers, even in this environment.

My advice: Know your true budget, get pre-approved, and work with someone who understands the micro-neighborhoods. The difference between a Westlake Hills home and a Rollingwood home isn't just location—it's long-term appreciation potential, community culture, and resale dynamics. Don't overpay for a luxury tag that doesn't carry weight in Austin's market.

The Path Forward

I expect the remainder of 2026 to see continued stabilization. Interest rates, economic data, and local employment trends will be the primary drivers. Austin's fundamentals remain solid—tech industry presence is diversifying, population growth is steady, and our tax advantages continue to attract wealth migration from California and the Northeast.

Whether you're buying or selling, the key is clarity. Understand your true market value, understand your buyer or seller, and execute with precision. In a normalized market, excellence is rewarded. Mediocrity is invisible.

If you'd like to discuss where your home stands in today's market, or what realistic expectations are for your purchase timeline, I'm here to help with honest guidance.