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 Update: July 2026 — What Buyers and Sellers Need to Know

The Austin luxury market is experiencing a significant shift in mid-2026. Inventory levels have stabilized after years of scarcity, prices are moderating in key neighborhoods, and buyer leverage is returning. Here's what you need to know before making your next move.

The Current State of Austin's Luxury Market

We're at an inflection point in Austin's luxury real estate market. After five years of unprecedented demand, limited inventory, and aggressive multiple-offer situations, the dynamics have fundamentally changed. If you're considering buying or selling a luxury home in Tarrytown, Westlake Hills, Zilker, or Lake Austin right now, you're operating in a very different environment than even 12 months ago.

Inventory: Finally, Some Breathing Room

For the first time since 2019, we're seeing meaningful inventory levels in the $2M+ segment. Homes in our premium neighborhoods are averaging 45-60 days on market, compared to 12-18 days just two years ago. In Westlake Hills, we currently have 28 homes listed above $3M. In Tarrytown and Zilker combined, the count sits at 42 properties.

This isn't a flood—it's a healthy correction. Buyers now have genuine choice. They can afford to be selective, negotiate terms, and take time with decisions. Sellers need to understand that the days of bidding wars and offers above asking price are largely behind us, at least for now.

Pricing Trends: The Market Speaks

Price appreciation has slowed dramatically. We're seeing year-over-year appreciation of 2-4% in premium neighborhoods, down from the 12-18% annual growth we experienced in 2022-2023. More notably, homes priced above $4M in Westlake Hills are experiencing modest price reductions—averaging 3-7% from initial list price.

What does this mean practically? A $5M Westlake estate that would have sold for $5.2M in 2024 is now settling around $4.85M-$4.95M. That's not a crash—it's a normalization toward sustainable values.

The sweet spot remains $1.5M-$2.5M. These homes in Tarrytown, South Congress Heights, and Lake Austin are appreciating steadily and moving in 30-45 days with solid offers. Buyer demand for established, move-in-ready homes in these price ranges remains robust.

Interest Rates and Buyer Behavior

With mortgage rates hovering around 6.2-6.5%, the total cost of ownership has shifted psychology. A buyer who could afford a $3M home at 3% rates now operates more comfortably in the $2.2M range at current rates. This is pushing qualified buyers toward renovated, turn-key properties rather than fixer-uppers that require additional capital.

I'm also seeing more cash transactions—roughly 32% of our $2M+ sales in the last quarter were all-cash deals, up from 24% two years ago. This reflects both out-of-state buyers relocating to Austin and local wealth from technology and commercial real estate looking for stability.

Neighborhood-by-Neighborhood Reality

Westlake Hills: Stabilizing at $3.2M-$3.8M median for premium properties. East-facing homes with Lake Travis views command premiums. Days on market: 35-50.
Tarrytown: Extremely active. $2.2M-$2.9M range is strong. Homes with original character and updated systems move fastest. Days on market: 25-35.
Zilker: Price compression is real. Some properties listing at $2.1M that would have been $2.4M in 2022. Buyer demand remains, but sellers must price realistically.
Lake Austin: Waterfront appeal keeps these properties resilient. $2.8M-$4.2M range is moving steadily with minimal price negotiation.
East Austin: Still appreciating. Mueller, East Austin, and the emerging areas near Lady Bird Lake are attracting younger luxury buyers at $1.8M-$2.5M price points.

What This Means for Sellers

If you're thinking about selling, price realistically from day one. The market will tell you the truth within 30 days. Overpricing leads to extended marketing, price reductions, and the perception of a stale listing. Get a CMA from someone who runs transactions, not projections.

Focus on condition and systems. Buyers are no longer taking on projects blindly. Updated HVAC, electrical panels, roofs, and plumbing add genuine value and speed sales. Consider a pre-listing inspection—it removes doubt and justifies your asking price.

What This Means for Buyers

You have leverage again. Use it wisely. Get pre-approved and lock in your rate. Make strong offers on homes you genuinely want, but don't feel pressured into bidding wars. Homes are sitting long enough that sellers will negotiate with reasonable offers.

Think long-term. This is the first truly balanced market Austin has seen in half a decade. Prices reflect real value, not momentum. If you're buying to hold for 10+ years, you're buying at a much better point than you were 18 months ago.

The Bottom Line

Austin's luxury market in July 2026 is healthier than the frenzied landscape of recent years. It's fair—to both buyers and sellers. If you've been waiting on the sidelines, conditions are improving. If you're selling, price accordingly and accept that appreciation has normalized. Either way, this is a market where experience and data matter more than ever.

I'm here if you want to talk specifics about your situation. The best decisions come from clear-eyed analysis of where we actually are, not where we were.