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Austin metro posts $800M in home sales to foreign buyers—with signs pointing to continued growth

International customers spent $800 million on local real estate between April 2019 and March 2020, according to a new report from the Austin Board of Realtors.
Foreign buyers—which include those living abroad, immigrants and first-generation Americans—accounted for 5% of all residential sales in the Austin metro during that period.
(Austin Board of Realtors Global)
ABoR attributed this market share to the areas's appeal as a global destination for businesses and individuals alike, noting that one in five Austinites is foreign born.
"The Central Texas region has become a magnet for homebuyers and real estate investors from around the globe," President Romeo Manzanilla said in a statement.
A plurality of foreign buyers—38%—came from Latin America, with 29% from Asia and Oceania and 12% from Europe.
(Austin Board of Realtors Global)
Certain trends emerged over the course of the survey period, such as the fact that all Indian buyers purchased detached single-family homes, 75% of Chinese buyers purchased in a suburban area and 83% of Australian buyers paid entirely in cash.
The median home price among foreign buyers was $381,030, which is $54,530 more than the metro's median home price during the survey period.
ABoR members reported an increase in international business. Of the survey respondents who have been in business for at least one year, 30% have seen an increase in international business compared to 20% nationally. Of those who have been in business for five years or more, 41% have, compared to 32% nationally.
This trend also mirrors itself.
More than half of respondents reported that they had U.S. clients seeking to purchase property abroad, primarily in Latin American countries such as Mexico, Costa Rica and Columbia.
The report also includes information on foreign clients who sold local property during the survey period. The top four countries of origin for foreign sellers were Mexico, India, China and Russia.
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- What $10 million or more can get you in Austin luxury homes ... ›
- Austin housing market blasts off despite COVID, but rentals ›
- Austin luxury real estate market booms in pandemic - austonia ›
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- How millennial homebuyers are influencing the Austin market - austonia ›
- Austin tops Texas as most expensive TX metro to buy a home - austonia ›
- Austin housing market cools down for the winter season - austonia ›
- Former Torchy's CEO lists Spanish Oaks home for $7.5 million - austonia ›
- Cord Shiflet named 2022 Austin Board of Realtors President - austonia ›
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Now’s your chance to see a Spurs game without a trip to San Antonio.
The 2022-23 NBA schedule has been released and it includes the “I-35 Series,” with two games at The Moody Center April 6 and April 8. For the first game, the Spurs will be playing the Portland Trail Blazers and the next will be against the Minnesota Timberwolves.
Season ticket holders can secure their seats on Sept. 21 and all other tickets will go on sale Sept. 28.
It's here y'all! Our #Spurs50 anniversary season is set 🗓
MORE: https://t.co/1FJbFOmVpx pic.twitter.com/5Ic8gu1cx4
— San Antonio Spurs (@spurs) August 17, 2022
The Spurs already have a significant Austin presence both through their minor league affiliate, the G-League Austin Spurs, and its ownership, which announced Austin billionaire Michael Dell as a new “strategic partner" in June 2021. You'll also see a new logo on this season's jersey: Austin-based fin-tech company Self Financial.
During a May Bexar County commissioner's meeting, The San Antonio Spurs were approved in a 3-2 vote to move some of its games out of San Antonio and its current home stadium, the AT&T Center. The plan came as a way to boost revenue and cater to its far-reaching fan base.
By the 2023-2024 season, two games will be allowed within 100 miles of AT&T Center as part of the two-year "pilot program.” Bexar County Judge Nelson Wolff said those games could take place in the Alamodome or San Marcos but that Austin would likely be the top contender.
The multi-purpose stadium in San Antonio has a 65,000 capacity, which the team says could allow them to break an attendance record for an NBA regular season game.
While some have taken their coming Austin games as a sign of a future move for the Spurs, the team was quick to shut down those rumors.
The team, which is celebrating 50 years in San Antonio after relocating from Dallas, said it is not looking for an exit but made the plans for games in other cities after stumbling sales amid the pandemic.
While average home attendance plummeted to 27th among the 30 NBA teams this season, the team has a pricey non-relocation agreement through the 2031-2032 season and has recently embarked on a $500 million mixed-use facility in San Antonio's La Cantera area.
The Spurs will also have a game in Mexico City on Dec. 17 and a Jan. 13 game at the Alamodome. Tickets for those go on sale Sept. 10 and Sept. 1, respectively.
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To learn more about the exceptional luxury cabinetry, exotic durable finishes, and innovative solutions, you may visit one of 6 eggersmann showrooms in the US, one of its retail locations in Canada, Mexico, or the US including Hawaii, or call to make an appointment with the satellite design service here in Austin where a knowledgeable representative will meet you at your home, office, or location of your choice.
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